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Nepal Development Forum - economic update 2002 (Nepali)

This economic update for Nepal examines the country's socioeconomic indicators, and poverty incidence, and, provides as well, a review of the recent economic developments (Section II), and the status of implementation of the reform program (Section III). Nepal is the twelfth poorest country in the World, and the poorest in South Asia, where despite per capita growth rates, averaging 2.2 percent per annum in the last two decades, poverty reduction has been slow. However, while this holds true, progress has been made in some aspects of human development in the 1990s: infant and maternal mortality was reduced; primary school enrollment increased; the gender gap in education was reduced; and, access to drinking water increased. During that period, the economy became more open with rapidly growing trade - especially exports - to both the Organization for Economic Cooperation and Development (OECD) countries, and India. However, and despite accelerated growth, this performance could not be sustained in the face of external economic shocks, and because of the absence of reforms, and internal political instability. Currently, economic growth has slowed down, and medium term prospects are bleak, aggravated by growing fiscal pressures, and diminished export markets. Thus, it is imperative for Nepal to accelerate the pace of reforms, for restoring security, maintaining fiscal and macroeconomic stability, increasing economic productivity and competitiveness, and, improving governance and public service delivery.

Details

  • Document Date

    2002/01/01

  • Document Type

    Working Paper

  • Report Number

    23978

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Nepal,

  • Region

    South Asia,

  • Disclosure Date

    2010/07/01

  • Disclosure Status

    Disclosed

  • Doc Name

    Nepal Development Forum - economic update 2002

  • Keywords

    Economic indicators; Socioeconomic indicators; National accounts; Balance of payments; Current account; Capital account; Public finance; Monetary analysis; Social sector; Agricultural development; Industrial capacity; Prices; Wages; Economic growth; Per capita income; Reform implementation; Poverty reduction; Poverty incidence; Human capital development; Infant mortality; Maternal mortality; School enrollment; Gender gap; Drinking water standards; Rural poverty; Economic policy political aspects; Reform policy; Macroeconomic stabilization; Trade liberalization; Export development; Economic shocks; Political constraints; Fiscal constraints; Export shortfalls; Fiscal sustainability; Economic productivity; Competitiveness; Governance capacity; Public service delivery

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Citation

Nepal Development Forum - economic update 2002 (Nepali). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/497501468288677641/Nepal-Development-Forum-economic-update-2002