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Nepal - Joint World Bank-IMF Debt Sustainability Analysis (English)

This debt sustainability analysis (DSA) updates the joint World Bank-fund analysis of February 2020 to reflect Nepal’s recent economic development, which have been considerably affected by the Coronavirus 2019 (COVID-19) pandemic and related containment policies. Even under the COVID-19 pandemic, Nepal’s debt is assessed to remain at a low risk of external and overall debt distress, unchanged from the 2020 DSA. None of the debt and debt service indicators breach the indicative threshold values. However, given elevated gross financing needs in Nepal, a deeper global slowdown can negatively affect Nepal’s risk of debt distress. The Nepalese authorities should continue to: (i) improve domestic productivity; (ii) streamline bureaucratic processes; (iii) compile public-private partnerships (PPP) projects and private sector external debt; (iv) implement a medium-term debt strategy and develop the government bond market; and (v) improve subnational governments’ public financial management and reporting, and implement a prudent framework for subnational borrowing.

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Nepal - Joint World Bank-IMF Debt Sustainability Analysis (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/359541595079918075/Nepal-Joint-World-Bank-IMF-Debt-Sustainability-Analysis