Nepal : Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Nepal
Author/Editor:
International Monetary Fund. Asia and Pacific Dept
Publication Date:
May 11, 2020
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
The COVID-19 pandemic is having a severe impact on Nepal’s economy. During recent months, remittances have fallen considerably, tourist arrivals collapsed, and domestic activity has taken a hit amidst social distancing measures. As a result, immediate external financing and fiscal financing gaps have emerged of 3 percent of GDP and 2.6 percent of GDP, respectively. Given the ongoing uncertainty and still-large downside risks, it is crucial for Nepal to maintain a strong level of foreign reserves.
Series:
Country Report No. 20/155
Subject:
English
Publication Date:
May 11, 2020
ISBN/ISSN:
9781513543253/1934-7685
Stock No:
1NPLEA2020003
Format:
Paper
Pages:
42
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