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Nepal - Poverty Reduction strategy Paper (PRSP) annual progress report (English)

The Annual Progress Report (APR) of the Poverty Reduction Strategy (PRS) provides evidence of poverty reduction - a significant decline in poverty incidence from 42 percent in 1995/96 to 31 percent in 2003/04, modest economic performance, and some progress in reform implementation. The APR acknowledges that PRS implementation has been adversely affected by the increased political tensions and continued conflict, and candidly documents weaker than targeted growth due to the continued conflict and political instability. Looking forward, staffs agree with the APR conclusion that Nepal's growth prospects depend critically on improved security conditions and progress toward peace. If the security environment improves, and structural reforms can be implemented, Nepal could rebound at least to growth rates targeted under the "lower" case scenario. This could be achieved through a gradual recovery in the nonagricultural sector, and a step-up in development spending. Should the conflict persist, the low growth rates are likely to become entrenched. It is encouraging that the APR recommends pressing on with PRS reforms, the conflict notwithstanding. In this context, staffs recommend that the next APR provide a fuller discussion of the forward-looking elements of the macroeconomic framework and its relationship with the original PRS framework.

Details

  • Document Date

    2005/11/29

  • Document Type

    Poverty Reduction Strategy Paper (PRSP)

  • Report Number

    34017

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Nepal,

  • Region

    South Asia,

  • Disclosure Date

    2006/09/26

  • Disclosure Status

    Disclosed

  • Doc Name

    Nepal - Poverty Reduction strategy Paper (PRSP) annual progress report

  • Keywords

    access to safe drinking water;private sector participation in infrastructure;wide range of policy action;access to basic service;public expenditure management reform;rural area;Social and Economic Inclusion;monitoring and evaluation capacity;price petroleum product;Demographic and Household Survey;targeted program;domestic borrowing;financial sector reform;local bodies;education and health;balance of payment;public expenditure reform;poverty reduction target;decline in poverty;Access to Electricity;Foreign Exchange Reserve;current account deficit;reduction in poverty;agricultural sector;review period;Access to Education;management of health;local community involvement;income generating activity;poverty reduction goal;access to schooling;management of school;effective poverty reduction;high value crops;send money home;foreign direct investment;private sector credit;effective service delivery;electricity and communication;Civil Service Reform;per capita expenditure;strict fiscal discipline;growth in agriculture;gdp growth rate;improvement in literacy;labor market regulation;poverty headcount rate;quality of infrastructure;improvement in accessibility;human development indicator;public sector reform;reduction in transfer;Trade and Transport;achievement in education;trade and transportation;exchange rate peg;civil service wage;control of corruption;debt sustainability analysis;children fully immunized;managing public expenditure;Agriculture Extension Services;agriculture and livestock;private sector demand;demand for credit;rural drinking water;increase tax collection;aggregate fiscal discipline;devolution of functions;reform implementation;continued conflict;Macroeconomic Stability;public debt;security situation;economic sector;political uncertainty;aid inflow;foreign employment;health post;government spending;budget support;community organisation;capital accumulation;external assistance;social capital;resource availability;Population Growth;good governance;macroeconomic performance;Tax Administration;piped water;health facility;toilet facility;budget formulation;Labor Law;Gender Equality;contingent liability;contingent liabilities;donor community;macroeconomic indicator;budget allocation;poverty incidence;fiscal management;social inclusion;fund releases;essential services;Macroeconomic Management;soft loan;tax policy;job opportunity;budget process;government effort;job opportunities;tourism income;Public Spending;procurement practice;budget expenditure;domestic credit;broad money;monetary management;tourist arrival;autonomous entity;local committees;petroleum pricing;nepalese rupee;road maintenance;annual tourist;food grain;logical framework;budgetary performance;corruption control;foreign financing;social exclusion;reform actions;flexible financing;government's commitment;banking sector;management authority;net worth;fiscal space;fiscal deficit;institutional framework;monetary discipline;improving governance;macro model;fiscal gap;prudent fiscal;monetary policy;accountability institution;poverty monitoring;capacity enhancement;project size;performance orientation;budget increase;domestic good;poor health;take pride;domestic saving;agricultural strategy;competitive goods;absorptive capacity;regulatory oversight;seasonal irrigation;mountain region;social spending;rural population;expenditure projection;vulnerable group;senior citizen;monitoring mechanism;Health Service;average household;child malnutrition;population group;indigenous group;living standard;commercial bank;Fiscal Sustainability;high wage;national productivity;household income;food availability;crop diversification;factor productivity;budget classification;poverty alleviation;agricultural productivity;school enrollment;development partner;religious belief;language group;legal reform;personnel information;increased spending;agricultural center;intermediate indicator;health monitoring;local ownership;developmental impact;block grant;local economy;poverty profile

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Citation

Nepal - Poverty Reduction strategy Paper (PRSP) annual progress report (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/932411468122073150/Nepal-Poverty-Reduction-strategy-Paper-PRSP-annual-progress-report