A Vision for Nepal : Policy Notes for the Government, Volume 1. Synthesis Report
Nepal needs a new economic model to achieve faster and sustained growth as well as further improvements in human development and poverty outcomes. Economic growth, while ro¬bust at around 4 percent annual average since 2005, is far from the level n...
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| Format: | Working Paper |
| Language: | English |
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Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2014/01/20155498/vision-nepal-policy-notes-government-three-growth-investment-infrastructure-inclusion-vol-1-2 http://hdl.handle.net/10986/20098 |
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okr-10986-20098 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCESS TO SERVICES ACCOUNTING AGRICULTURAL DEVELOPMENT AGRICULTURAL INPUTS AGRICULTURAL PRODUCTIVITY AGRICULTURAL SECTOR AIR ASSET MANAGEMENT BALANCE OF PAYMENTS BANKING CRISIS BANKING SECTOR BANKING SYSTEM BENEFICIARIES BETTER ACCESS TO MARKETS BOTTLENECKS BRIDGE BUDGET SURPLUS BUDGETING BUS BUS SERVICES CAPITAL ADEQUACY CAPITAL BASES CAPITAL FORMATION CASH TRANSFER CASH TRANSFERS CONFLICT CONFLICTS OF INTEREST COST EFFECTIVENESS COUNTRY RISKS CREDIT GUARANTEE CREDIT INFORMATION CREDIT LINES CREDIT REPORTING CREDIT SQUEEZE CURRENCY DEBT DECENTRALIZATION DEPOSIT DEPOSIT INSURANCE DEVELOPING COUNTRY DEVELOPMENT BANK DRIVERS DRIVING ECONOMIC DEVELOPMENT ECONOMIC DIVERSIFICATION ECONOMIC GROWTH ECONOMIES OF SCALE ELASTICITY EMERGING ECONOMIES EQUITY INSTRUMENTS EXCESS LIQUIDITY EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORT PERFORMANCE FINANCE INFRASTRUCTURE FINANCIAL CRISIS FINANCIAL FLOWS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL PERFORMANCE FINANCIAL STABILITY FINANCIAL SUSTAINABILITY FINANCIAL SYSTEM FIXED CAPITAL FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT FOREIGN INVESTORS FUEL FUEL SAVINGS FUELS GOVERNMENT GUARANTEE GOVERNMENT GUARANTEES GOVERNMENT INVESTMENT GROSS DOMESTIC PRODUCT GUARANTEE FUND HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT HUMAN DEVELOPMENT HUMAN DEVELOPMENT INDEX HUMAN RESOURCES IMPACT ON POVERTY INCOME INCOME DISTRIBUTION INCOME GROWTH INCOME INEQUALITY INCOME TAX INDEBTEDNESS INDICATORS OF POVERTY INFLATION INFORMATION SYSTEM INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROJECTS INTERNATIONAL AIRPORT INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL POVERTY LINE INTERNATIONAL SETTLEMENT INVESTING INVESTMENT ACTIVITIES INVESTMENT CLIMATE INVESTMENT OPPORTUNITIES INVESTMENT POLICY INVESTMENT RATE IRRIGATION LABOR MARKETS LAND TRANSPORT LAND USE LAND VALUE LEASE AGREEMENT LEGAL FRAMEWORK LIQUIDITY LIQUIDITY CRISIS LIVING STANDARDS LOCAL GOVERNMENT LOCAL INFRASTRUCTURE LONG TERM ASSET MACROECONOMIC ENVIRONMENT MARKET ACCESS MARKET STRUCTURE MICRO FINANCE MOBILITY MONETARY FUND NATIONAL SAVINGS NON PERFORMING LOANS NPL OLD-AGE PENSION OPPORTUNITY COST OPPORTUNITY COSTS OUTPUT LOSS PARTIAL RISK PAYMENT DEFAULT PAYMENT SYSTEM PEAK DEMAND PEDESTRIAN PEDESTRIAN INFRASTRUCTURE PER CAPITA CONSUMPTION PHYSICAL ASSETS POLITICAL STABILITY POOR POOR POLICY POPULATION GROWTH PORTFOLIO PORTFOLIO DIVERSIFICATION POVERTY ERADICATION POVERTY ESTIMATES POVERTY GAP POVERTY IMPACT POVERTY LEVELS POVERTY LINE POVERTY RANKINGS POVERTY REDUCTION PRIVATE CAPITAL PRIVATE FINANCING PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE TRANSFERS PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC TRANSPORT PUBLIC WORKS PURCHASING POWER QUALITY OF TRANSPORT QUALITY OF TRANSPORT SERVICES RATES OF RETURN RE-INVESTMENT REAL INTEREST REAL INTEREST RATES REMITTANCE REMITTANCES REMOTE REGIONS REPAYMENT RESERVE RETURNS RIGHT OF WAY RISK AVERSION ROAD ROAD NETWORK ROADS RURAL RURAL AREAS RURAL DEVELOPMENT RURAL ECONOMY RURAL INCOME RURAL PHENOMENON RURAL WATER RURAL WATER SUPPLY SAFETY SAFETY NET SAFETY NETS SANITATION SOCIAL IMPACTS SOCIAL POLICIES SOCIAL SAFETY NETS SOLVENCY STATE GUARANTEE TARGETING TAX RATES TELECOMMUNICATIONS TERMS OF CREDIT TERRORISM TRAFFIC TRAFFIC MANAGEMENT TRANSACTION TRANSACTION COSTS TRANSPARENCY TRANSPORT TRANSPORT FACILITIES TRANSPORT INFRASTRUCTURE TRANSPORT INVESTMENT TRANSPORT INVESTMENTS TRANSPORT SECTOR TRANSPORTATION TREASURY TRIP TRUE TRUST FUND URBAN TRANSPORT VILLAGE DEVELOPMENT WALKING WAR WITHHOLDING TAX |
| spellingShingle |
ACCESS TO SERVICES ACCOUNTING AGRICULTURAL DEVELOPMENT AGRICULTURAL INPUTS AGRICULTURAL PRODUCTIVITY AGRICULTURAL SECTOR AIR ASSET MANAGEMENT BALANCE OF PAYMENTS BANKING CRISIS BANKING SECTOR BANKING SYSTEM BENEFICIARIES BETTER ACCESS TO MARKETS BOTTLENECKS BRIDGE BUDGET SURPLUS BUDGETING BUS BUS SERVICES CAPITAL ADEQUACY CAPITAL BASES CAPITAL FORMATION CASH TRANSFER CASH TRANSFERS CONFLICT CONFLICTS OF INTEREST COST EFFECTIVENESS COUNTRY RISKS CREDIT GUARANTEE CREDIT INFORMATION CREDIT LINES CREDIT REPORTING CREDIT SQUEEZE CURRENCY DEBT DECENTRALIZATION DEPOSIT DEPOSIT INSURANCE DEVELOPING COUNTRY DEVELOPMENT BANK DRIVERS DRIVING ECONOMIC DEVELOPMENT ECONOMIC DIVERSIFICATION ECONOMIC GROWTH ECONOMIES OF SCALE ELASTICITY EMERGING ECONOMIES EQUITY INSTRUMENTS EXCESS LIQUIDITY EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORT PERFORMANCE FINANCE INFRASTRUCTURE FINANCIAL CRISIS FINANCIAL FLOWS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL PERFORMANCE FINANCIAL STABILITY FINANCIAL SUSTAINABILITY FINANCIAL SYSTEM FIXED CAPITAL FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT FOREIGN INVESTORS FUEL FUEL SAVINGS FUELS GOVERNMENT GUARANTEE GOVERNMENT GUARANTEES GOVERNMENT INVESTMENT GROSS DOMESTIC PRODUCT GUARANTEE FUND HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT HUMAN DEVELOPMENT HUMAN DEVELOPMENT INDEX HUMAN RESOURCES IMPACT ON POVERTY INCOME INCOME DISTRIBUTION INCOME GROWTH INCOME INEQUALITY INCOME TAX INDEBTEDNESS INDICATORS OF POVERTY INFLATION INFORMATION SYSTEM INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROJECTS INTERNATIONAL AIRPORT INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL POVERTY LINE INTERNATIONAL SETTLEMENT INVESTING INVESTMENT ACTIVITIES INVESTMENT CLIMATE INVESTMENT OPPORTUNITIES INVESTMENT POLICY INVESTMENT RATE IRRIGATION LABOR MARKETS LAND TRANSPORT LAND USE LAND VALUE LEASE AGREEMENT LEGAL FRAMEWORK LIQUIDITY LIQUIDITY CRISIS LIVING STANDARDS LOCAL GOVERNMENT LOCAL INFRASTRUCTURE LONG TERM ASSET MACROECONOMIC ENVIRONMENT MARKET ACCESS MARKET STRUCTURE MICRO FINANCE MOBILITY MONETARY FUND NATIONAL SAVINGS NON PERFORMING LOANS NPL OLD-AGE PENSION OPPORTUNITY COST OPPORTUNITY COSTS OUTPUT LOSS PARTIAL RISK PAYMENT DEFAULT PAYMENT SYSTEM PEAK DEMAND PEDESTRIAN PEDESTRIAN INFRASTRUCTURE PER CAPITA CONSUMPTION PHYSICAL ASSETS POLITICAL STABILITY POOR POOR POLICY POPULATION GROWTH PORTFOLIO PORTFOLIO DIVERSIFICATION POVERTY ERADICATION POVERTY ESTIMATES POVERTY GAP POVERTY IMPACT POVERTY LEVELS POVERTY LINE POVERTY RANKINGS POVERTY REDUCTION PRIVATE CAPITAL PRIVATE FINANCING PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE TRANSFERS PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC TRANSPORT PUBLIC WORKS PURCHASING POWER QUALITY OF TRANSPORT QUALITY OF TRANSPORT SERVICES RATES OF RETURN RE-INVESTMENT REAL INTEREST REAL INTEREST RATES REMITTANCE REMITTANCES REMOTE REGIONS REPAYMENT RESERVE RETURNS RIGHT OF WAY RISK AVERSION ROAD ROAD NETWORK ROADS RURAL RURAL AREAS RURAL DEVELOPMENT RURAL ECONOMY RURAL INCOME RURAL PHENOMENON RURAL WATER RURAL WATER SUPPLY SAFETY SAFETY NET SAFETY NETS SANITATION SOCIAL IMPACTS SOCIAL POLICIES SOCIAL SAFETY NETS SOLVENCY STATE GUARANTEE TARGETING TAX RATES TELECOMMUNICATIONS TERMS OF CREDIT TERRORISM TRAFFIC TRAFFIC MANAGEMENT TRANSACTION TRANSACTION COSTS TRANSPARENCY TRANSPORT TRANSPORT FACILITIES TRANSPORT INFRASTRUCTURE TRANSPORT INVESTMENT TRANSPORT INVESTMENTS TRANSPORT SECTOR TRANSPORTATION TREASURY TRIP TRUE TRUST FUND URBAN TRANSPORT VILLAGE DEVELOPMENT WALKING WAR WITHHOLDING TAX World Bank Group A Vision for Nepal : Policy Notes for the Government, Volume 1. Synthesis Report |
| geographic_facet |
South Asia Nepal |
| description |
Nepal needs a new economic model to
achieve faster and sustained growth as well as further
improvements in human development and poverty outcomes.
Economic growth, while ro¬bust at around 4 percent annual
average since 2005, is far from the level needed to achieve
the government s ambitious targets. The economy, highly
dependent on remittances, lacks the nec¬essary dynamism.
While substantial gains have been made to reduce poverty and
expand access to services, achieving further progress will
require more determined and targeted state intervention. To
redefine Nepal s growth model, public policy should focus on
3 I s: Investment, In¬frastructure, and Inclusion.
Investment is the bedrock of a sustainable growth model but
in Nepal, the state, firms and households critically
under-invest, with gross fixed capital formation between
19.9 and 22.2 percent of GDP over the past decade (compared
to 30 percent or more in fast-growing countries in East
Asia). In order to unlock investment as well as to expand
access to services and opportunities for all, public
infra¬structure is critical, but Nepal is under-connected
and under-powered. Finally, growth alone will not deliver
continued fast progress on inequality and poverty reduction
unless the growth model is calibrated for inclusion, which
in turn can help sustain dynamic growth. |
| format |
Publications & Research :: Working Paper |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
A Vision for Nepal : Policy Notes for the Government, Volume 1. Synthesis Report |
| title_short |
A Vision for Nepal : Policy Notes for the Government, Volume 1. Synthesis Report |
| title_full |
A Vision for Nepal : Policy Notes for the Government, Volume 1. Synthesis Report |
| title_fullStr |
A Vision for Nepal : Policy Notes for the Government, Volume 1. Synthesis Report |
| title_full_unstemmed |
A Vision for Nepal : Policy Notes for the Government, Volume 1. Synthesis Report |
| title_sort |
vision for nepal : policy notes for the government, volume 1. synthesis report |
| publisher |
Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2014/01/20155498/vision-nepal-policy-notes-government-three-growth-investment-infrastructure-inclusion-vol-1-2 http://hdl.handle.net/10986/20098 |
| _version_ |
1764444759274815488 |
| spelling |
okr-10986-200982021-04-23T14:03:54Z A Vision for Nepal : Policy Notes for the Government, Volume 1. Synthesis Report World Bank Group ACCESS TO SERVICES ACCOUNTING AGRICULTURAL DEVELOPMENT AGRICULTURAL INPUTS AGRICULTURAL PRODUCTIVITY AGRICULTURAL SECTOR AIR ASSET MANAGEMENT BALANCE OF PAYMENTS BANKING CRISIS BANKING SECTOR BANKING SYSTEM BENEFICIARIES BETTER ACCESS TO MARKETS BOTTLENECKS BRIDGE BUDGET SURPLUS BUDGETING BUS BUS SERVICES CAPITAL ADEQUACY CAPITAL BASES CAPITAL FORMATION CASH TRANSFER CASH TRANSFERS CONFLICT CONFLICTS OF INTEREST COST EFFECTIVENESS COUNTRY RISKS CREDIT GUARANTEE CREDIT INFORMATION CREDIT LINES CREDIT REPORTING CREDIT SQUEEZE CURRENCY DEBT DECENTRALIZATION DEPOSIT DEPOSIT INSURANCE DEVELOPING COUNTRY DEVELOPMENT BANK DRIVERS DRIVING ECONOMIC DEVELOPMENT ECONOMIC DIVERSIFICATION ECONOMIC GROWTH ECONOMIES OF SCALE ELASTICITY EMERGING ECONOMIES EQUITY INSTRUMENTS EXCESS LIQUIDITY EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORT PERFORMANCE FINANCE INFRASTRUCTURE FINANCIAL CRISIS FINANCIAL FLOWS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL PERFORMANCE FINANCIAL STABILITY FINANCIAL SUSTAINABILITY FINANCIAL SYSTEM FIXED CAPITAL FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT FOREIGN INVESTORS FUEL FUEL SAVINGS FUELS GOVERNMENT GUARANTEE GOVERNMENT GUARANTEES GOVERNMENT INVESTMENT GROSS DOMESTIC PRODUCT GUARANTEE FUND HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT HUMAN DEVELOPMENT HUMAN DEVELOPMENT INDEX HUMAN RESOURCES IMPACT ON POVERTY INCOME INCOME DISTRIBUTION INCOME GROWTH INCOME INEQUALITY INCOME TAX INDEBTEDNESS INDICATORS OF POVERTY INFLATION INFORMATION SYSTEM INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROJECTS INTERNATIONAL AIRPORT INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL POVERTY LINE INTERNATIONAL SETTLEMENT INVESTING INVESTMENT ACTIVITIES INVESTMENT CLIMATE INVESTMENT OPPORTUNITIES INVESTMENT POLICY INVESTMENT RATE IRRIGATION LABOR MARKETS LAND TRANSPORT LAND USE LAND VALUE LEASE AGREEMENT LEGAL FRAMEWORK LIQUIDITY LIQUIDITY CRISIS LIVING STANDARDS LOCAL GOVERNMENT LOCAL INFRASTRUCTURE LONG TERM ASSET MACROECONOMIC ENVIRONMENT MARKET ACCESS MARKET STRUCTURE MICRO FINANCE MOBILITY MONETARY FUND NATIONAL SAVINGS NON PERFORMING LOANS NPL OLD-AGE PENSION OPPORTUNITY COST OPPORTUNITY COSTS OUTPUT LOSS PARTIAL RISK PAYMENT DEFAULT PAYMENT SYSTEM PEAK DEMAND PEDESTRIAN PEDESTRIAN INFRASTRUCTURE PER CAPITA CONSUMPTION PHYSICAL ASSETS POLITICAL STABILITY POOR POOR POLICY POPULATION GROWTH PORTFOLIO PORTFOLIO DIVERSIFICATION POVERTY ERADICATION POVERTY ESTIMATES POVERTY GAP POVERTY IMPACT POVERTY LEVELS POVERTY LINE POVERTY RANKINGS POVERTY REDUCTION PRIVATE CAPITAL PRIVATE FINANCING PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE TRANSFERS PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC TRANSPORT PUBLIC WORKS PURCHASING POWER QUALITY OF TRANSPORT QUALITY OF TRANSPORT SERVICES RATES OF RETURN RE-INVESTMENT REAL INTEREST REAL INTEREST RATES REMITTANCE REMITTANCES REMOTE REGIONS REPAYMENT RESERVE RETURNS RIGHT OF WAY RISK AVERSION ROAD ROAD NETWORK ROADS RURAL RURAL AREAS RURAL DEVELOPMENT RURAL ECONOMY RURAL INCOME RURAL PHENOMENON RURAL WATER RURAL WATER SUPPLY SAFETY SAFETY NET SAFETY NETS SANITATION SOCIAL IMPACTS SOCIAL POLICIES SOCIAL SAFETY NETS SOLVENCY STATE GUARANTEE TARGETING TAX RATES TELECOMMUNICATIONS TERMS OF CREDIT TERRORISM TRAFFIC TRAFFIC MANAGEMENT TRANSACTION TRANSACTION COSTS TRANSPARENCY TRANSPORT TRANSPORT FACILITIES TRANSPORT INFRASTRUCTURE TRANSPORT INVESTMENT TRANSPORT INVESTMENTS TRANSPORT SECTOR TRANSPORTATION TREASURY TRIP TRUE TRUST FUND URBAN TRANSPORT VILLAGE DEVELOPMENT WALKING WAR WITHHOLDING TAX Nepal needs a new economic model to achieve faster and sustained growth as well as further improvements in human development and poverty outcomes. Economic growth, while ro¬bust at around 4 percent annual average since 2005, is far from the level needed to achieve the government s ambitious targets. The economy, highly dependent on remittances, lacks the nec¬essary dynamism. While substantial gains have been made to reduce poverty and expand access to services, achieving further progress will require more determined and targeted state intervention. To redefine Nepal s growth model, public policy should focus on 3 I s: Investment, In¬frastructure, and Inclusion. Investment is the bedrock of a sustainable growth model but in Nepal, the state, firms and households critically under-invest, with gross fixed capital formation between 19.9 and 22.2 percent of GDP over the past decade (compared to 30 percent or more in fast-growing countries in East Asia). In order to unlock investment as well as to expand access to services and opportunities for all, public infra¬structure is critical, but Nepal is under-connected and under-powered. Finally, growth alone will not deliver continued fast progress on inequality and poverty reduction unless the growth model is calibrated for inclusion, which in turn can help sustain dynamic growth. 2014-09-12T20:38:09Z 2014-09-12T20:38:09Z 2014 http://documents.worldbank.org/curated/en/2014/01/20155498/vision-nepal-policy-notes-government-three-growth-investment-infrastructure-inclusion-vol-1-2 http://hdl.handle.net/10986/20098 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Publications & Research :: Working Paper Publications & Research South Asia Nepal |