A Vision for Nepal : Policy Notes for the Government, Volume 2. Sector Notes
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...
| Main Author: | |
|---|---|
| Format: | Working Paper |
| Language: | English en_US |
| Published: |
Washington, DC
2014
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2014/01/20155445/vision-nepal-policy-notes-government-three-growth-investment-infrastructure-inclusion-vol-2-2 http://hdl.handle.net/10986/20099 |
| id |
okr-10986-20099 |
|---|---|
| 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 en_US |
| topic |
ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO INFORMATION ACCOUNTING ANTI-MONEY LAUNDERING BALANCE OF PAYMENTS BALANCE SHEETS BANK ACCOUNT BANKING ASSETS BANKING CRISES BANKING SECTOR BANKING SERVICES BANKING SYSTEM BANKRUPTCY BRANCH LICENSING BUDGETING CAPACITY BUILDING CAPACITY CONSTRAINT CAPITAL ADEQUACY CAPITAL FORMATION CAPITAL INVESTMENT CAPITAL OUTLAYS CAPITAL RAISING CAPITAL STRUCTURE CASH TRANSFERS COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANK COMMERCIAL BANK BRANCHES COMMERCIAL BANKS COMPLIANCE COST CONTINGENT LIABILITIES COUNTRY RISK CREDIT AGENCIES CREDIT CRUNCH CREDIT CULTURE CREDIT GROWTH CREDIT GUARANTEE CREDIT INFORMATION CREDIT INFORMATION BUREAU CREDIT INFORMATION BUREAUS CREDIT LINE CREDIT MARKETS CREDIT QUALITY CREDIT WORTHINESS CREDITORS CREDITWORTHINESS DEBT DEBT FINANCING DEBT RECOVERY DECENTRALIZATION DEFICITS DEPOSIT DEPOSIT INSURANCE DEPOSITOR DEPOSITORS DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT CORPORATION DOMESTIC CREDIT ECONOMIC ACTIVITY ECONOMIC GROWTH EDUCATION LEVEL ENABLING ENVIRONMENT ENFORCEMENT MECHANISMS ENFORCEMENT PROCEDURES EQUIPMENT EQUITY CAPITAL EXPENDITURE EXPENDITURES EXPORT COMPETITIVENESS EXPORT GROWTH EXPORTERS FINANCIAL ACCESS FINANCIAL CONTAGION FINANCIAL CRISIS FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL PRODUCTS FINANCIAL STABILITY FINANCIAL SUPPORT FINANCIAL SYSTEM FISCAL DISCIPLINE FIXED CAPITAL FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE TRANSACTIONS FOREIGN INVESTMENT FOREIGN INVESTMENTS FOREIGN INVESTORS FORMAL FINANCIAL INSTITUTIONS FORMAL FINANCIAL SECTOR GENDER GENDER GAP GOVERNMENT GUARANTEE GOVERNMENT POLICY GUARANTEE FUND IMPLICIT GUARANTEE INCOME LEVEL INCOME LEVELS INCOME TAX INEQUALITY INFORMATION ASYMMETRIES INFORMATION ASYMMETRY INFORMATION SYSTEM INFORMATION SYSTEMS INFORMATION TECHNOLOGY INFRASTRUCTURE DEVELOPMENT INTEREST RATE INTEREST RATE CAPS INTEREST RATE SPREAD INTEREST RATES INTERMEDIATION SPREAD INTERNAL AUDIT INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL SETTLEMENT INTERNATIONAL STANDARDS INVENTORY INVESTING INVESTMENT CLIMATE INVESTMENT CLIMATES INVESTMENT FLOWS INVESTMENT PLAN INVESTMENT POLICY INVESTMENT PROJECTS INVESTMENT STRATEGY ISSUANCE KEY CHALLENGE KEY CHALLENGES LABOR MARKET LEASE AGREEMENT LEGAL ASSISTANCE LEGAL AUTHORITY LEGAL FRAMEWORK LEGAL INSTRUMENTS LEGAL TOOLS LEGISLATIVE FRAMEWORK LENDERS LENDING DECISIONS LENDING REQUIREMENT LENDING SPREAD LIABILITY LINE OF CREDIT LIQUIDITY LIQUIDITY PROBLEMS LIVING STANDARDS LOAN LOAN MATURITY LOCAL GOVERNMENT LOCAL GOVERNMENTS LOCAL INFRASTRUCTURE MACROECONOMIC STABILITY MARKET ACCESS MARKET SHARE MFI MICRO FINANCE MINIMUM CAPITAL ADEQUACY RATIO MINIMUM CAPITAL REQUIREMENT MONETARY FUND NEGATIVE SHOCK NON PERFORMING LOANS NON-PERFORMING LOANS NPL NUTRITION OUTPUT LOSS PARTIAL RISK PAYMENT SYSTEM PENSIONS POLITICAL ECONOMY POLITICAL STABILITY POLITICAL UNCERTAINTY PORTFOLIO PORTFOLIO INVESTMENT PRIVATE BANKS PRIVATE CREDIT PRIVATE FUNDS PRIVATE INVESTORS PRIVATE SECTOR BANKS PRODUCTIVE INVESTMENT PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC RECORDS PUBLIC SPENDING REAL ESTATE REGULATORY FRAMEWORK REMITTANCE REMITTANCES RESERVE RETURNS SAFETY NET SAVINGS ACCOUNT SHAREHOLDERS SOCIAL RESPONSIBILITY SOLVENCY STATE GUARANTEE SUPPLY OF CREDIT TAX RATES TAX SYSTEM TECHNICAL ASSISTANCE TELECOMMUNICATIONS TERRORISM TRADE CREDIT TRADE FINANCE TRADE UNION TRADING TRANSACTION TRANSPARENCY TREASURY TRUST FUND TURNOVER VILLAGE WITHHOLDING TAX WORKING CAPITAL |
| spellingShingle |
ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO INFORMATION ACCOUNTING ANTI-MONEY LAUNDERING BALANCE OF PAYMENTS BALANCE SHEETS BANK ACCOUNT BANKING ASSETS BANKING CRISES BANKING SECTOR BANKING SERVICES BANKING SYSTEM BANKRUPTCY BRANCH LICENSING BUDGETING CAPACITY BUILDING CAPACITY CONSTRAINT CAPITAL ADEQUACY CAPITAL FORMATION CAPITAL INVESTMENT CAPITAL OUTLAYS CAPITAL RAISING CAPITAL STRUCTURE CASH TRANSFERS COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANK COMMERCIAL BANK BRANCHES COMMERCIAL BANKS COMPLIANCE COST CONTINGENT LIABILITIES COUNTRY RISK CREDIT AGENCIES CREDIT CRUNCH CREDIT CULTURE CREDIT GROWTH CREDIT GUARANTEE CREDIT INFORMATION CREDIT INFORMATION BUREAU CREDIT INFORMATION BUREAUS CREDIT LINE CREDIT MARKETS CREDIT QUALITY CREDIT WORTHINESS CREDITORS CREDITWORTHINESS DEBT DEBT FINANCING DEBT RECOVERY DECENTRALIZATION DEFICITS DEPOSIT DEPOSIT INSURANCE DEPOSITOR DEPOSITORS DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT CORPORATION DOMESTIC CREDIT ECONOMIC ACTIVITY ECONOMIC GROWTH EDUCATION LEVEL ENABLING ENVIRONMENT ENFORCEMENT MECHANISMS ENFORCEMENT PROCEDURES EQUIPMENT EQUITY CAPITAL EXPENDITURE EXPENDITURES EXPORT COMPETITIVENESS EXPORT GROWTH EXPORTERS FINANCIAL ACCESS FINANCIAL CONTAGION FINANCIAL CRISIS FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL PRODUCTS FINANCIAL STABILITY FINANCIAL SUPPORT FINANCIAL SYSTEM FISCAL DISCIPLINE FIXED CAPITAL FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE TRANSACTIONS FOREIGN INVESTMENT FOREIGN INVESTMENTS FOREIGN INVESTORS FORMAL FINANCIAL INSTITUTIONS FORMAL FINANCIAL SECTOR GENDER GENDER GAP GOVERNMENT GUARANTEE GOVERNMENT POLICY GUARANTEE FUND IMPLICIT GUARANTEE INCOME LEVEL INCOME LEVELS INCOME TAX INEQUALITY INFORMATION ASYMMETRIES INFORMATION ASYMMETRY INFORMATION SYSTEM INFORMATION SYSTEMS INFORMATION TECHNOLOGY INFRASTRUCTURE DEVELOPMENT INTEREST RATE INTEREST RATE CAPS INTEREST RATE SPREAD INTEREST RATES INTERMEDIATION SPREAD INTERNAL AUDIT INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL SETTLEMENT INTERNATIONAL STANDARDS INVENTORY INVESTING INVESTMENT CLIMATE INVESTMENT CLIMATES INVESTMENT FLOWS INVESTMENT PLAN INVESTMENT POLICY INVESTMENT PROJECTS INVESTMENT STRATEGY ISSUANCE KEY CHALLENGE KEY CHALLENGES LABOR MARKET LEASE AGREEMENT LEGAL ASSISTANCE LEGAL AUTHORITY LEGAL FRAMEWORK LEGAL INSTRUMENTS LEGAL TOOLS LEGISLATIVE FRAMEWORK LENDERS LENDING DECISIONS LENDING REQUIREMENT LENDING SPREAD LIABILITY LINE OF CREDIT LIQUIDITY LIQUIDITY PROBLEMS LIVING STANDARDS LOAN LOAN MATURITY LOCAL GOVERNMENT LOCAL GOVERNMENTS LOCAL INFRASTRUCTURE MACROECONOMIC STABILITY MARKET ACCESS MARKET SHARE MFI MICRO FINANCE MINIMUM CAPITAL ADEQUACY RATIO MINIMUM CAPITAL REQUIREMENT MONETARY FUND NEGATIVE SHOCK NON PERFORMING LOANS NON-PERFORMING LOANS NPL NUTRITION OUTPUT LOSS PARTIAL RISK PAYMENT SYSTEM PENSIONS POLITICAL ECONOMY POLITICAL STABILITY POLITICAL UNCERTAINTY PORTFOLIO PORTFOLIO INVESTMENT PRIVATE BANKS PRIVATE CREDIT PRIVATE FUNDS PRIVATE INVESTORS PRIVATE SECTOR BANKS PRODUCTIVE INVESTMENT PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC RECORDS PUBLIC SPENDING REAL ESTATE REGULATORY FRAMEWORK REMITTANCE REMITTANCES RESERVE RETURNS SAFETY NET SAVINGS ACCOUNT SHAREHOLDERS SOCIAL RESPONSIBILITY SOLVENCY STATE GUARANTEE SUPPLY OF CREDIT TAX RATES TAX SYSTEM TECHNICAL ASSISTANCE TELECOMMUNICATIONS TERRORISM TRADE CREDIT TRADE FINANCE TRADE UNION TRADING TRANSACTION TRANSPARENCY TREASURY TRUST FUND TURNOVER VILLAGE WITHHOLDING TAX WORKING CAPITAL World Bank Group A Vision for Nepal : Policy Notes for the Government, Volume 2. Sector Notes |
| 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 2. Sector Notes |
| title_short |
A Vision for Nepal : Policy Notes for the Government, Volume 2. Sector Notes |
| title_full |
A Vision for Nepal : Policy Notes for the Government, Volume 2. Sector Notes |
| title_fullStr |
A Vision for Nepal : Policy Notes for the Government, Volume 2. Sector Notes |
| title_full_unstemmed |
A Vision for Nepal : Policy Notes for the Government, Volume 2. Sector Notes |
| title_sort |
vision for nepal : policy notes for the government, volume 2. sector notes |
| publisher |
Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2014/01/20155445/vision-nepal-policy-notes-government-three-growth-investment-infrastructure-inclusion-vol-2-2 http://hdl.handle.net/10986/20099 |
| _version_ |
1764444762056687616 |
| spelling |
okr-10986-200992021-04-23T14:03:54Z A Vision for Nepal : Policy Notes for the Government, Volume 2. Sector Notes World Bank Group ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO INFORMATION ACCOUNTING ANTI-MONEY LAUNDERING BALANCE OF PAYMENTS BALANCE SHEETS BANK ACCOUNT BANKING ASSETS BANKING CRISES BANKING SECTOR BANKING SERVICES BANKING SYSTEM BANKRUPTCY BRANCH LICENSING BUDGETING CAPACITY BUILDING CAPACITY CONSTRAINT CAPITAL ADEQUACY CAPITAL FORMATION CAPITAL INVESTMENT CAPITAL OUTLAYS CAPITAL RAISING CAPITAL STRUCTURE CASH TRANSFERS COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANK COMMERCIAL BANK BRANCHES COMMERCIAL BANKS COMPLIANCE COST CONTINGENT LIABILITIES COUNTRY RISK CREDIT AGENCIES CREDIT CRUNCH CREDIT CULTURE CREDIT GROWTH CREDIT GUARANTEE CREDIT INFORMATION CREDIT INFORMATION BUREAU CREDIT INFORMATION BUREAUS CREDIT LINE CREDIT MARKETS CREDIT QUALITY CREDIT WORTHINESS CREDITORS CREDITWORTHINESS DEBT DEBT FINANCING DEBT RECOVERY DECENTRALIZATION DEFICITS DEPOSIT DEPOSIT INSURANCE DEPOSITOR DEPOSITORS DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT CORPORATION DOMESTIC CREDIT ECONOMIC ACTIVITY ECONOMIC GROWTH EDUCATION LEVEL ENABLING ENVIRONMENT ENFORCEMENT MECHANISMS ENFORCEMENT PROCEDURES EQUIPMENT EQUITY CAPITAL EXPENDITURE EXPENDITURES EXPORT COMPETITIVENESS EXPORT GROWTH EXPORTERS FINANCIAL ACCESS FINANCIAL CONTAGION FINANCIAL CRISIS FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL PRODUCTS FINANCIAL STABILITY FINANCIAL SUPPORT FINANCIAL SYSTEM FISCAL DISCIPLINE FIXED CAPITAL FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE TRANSACTIONS FOREIGN INVESTMENT FOREIGN INVESTMENTS FOREIGN INVESTORS FORMAL FINANCIAL INSTITUTIONS FORMAL FINANCIAL SECTOR GENDER GENDER GAP GOVERNMENT GUARANTEE GOVERNMENT POLICY GUARANTEE FUND IMPLICIT GUARANTEE INCOME LEVEL INCOME LEVELS INCOME TAX INEQUALITY INFORMATION ASYMMETRIES INFORMATION ASYMMETRY INFORMATION SYSTEM INFORMATION SYSTEMS INFORMATION TECHNOLOGY INFRASTRUCTURE DEVELOPMENT INTEREST RATE INTEREST RATE CAPS INTEREST RATE SPREAD INTEREST RATES INTERMEDIATION SPREAD INTERNAL AUDIT INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL SETTLEMENT INTERNATIONAL STANDARDS INVENTORY INVESTING INVESTMENT CLIMATE INVESTMENT CLIMATES INVESTMENT FLOWS INVESTMENT PLAN INVESTMENT POLICY INVESTMENT PROJECTS INVESTMENT STRATEGY ISSUANCE KEY CHALLENGE KEY CHALLENGES LABOR MARKET LEASE AGREEMENT LEGAL ASSISTANCE LEGAL AUTHORITY LEGAL FRAMEWORK LEGAL INSTRUMENTS LEGAL TOOLS LEGISLATIVE FRAMEWORK LENDERS LENDING DECISIONS LENDING REQUIREMENT LENDING SPREAD LIABILITY LINE OF CREDIT LIQUIDITY LIQUIDITY PROBLEMS LIVING STANDARDS LOAN LOAN MATURITY LOCAL GOVERNMENT LOCAL GOVERNMENTS LOCAL INFRASTRUCTURE MACROECONOMIC STABILITY MARKET ACCESS MARKET SHARE MFI MICRO FINANCE MINIMUM CAPITAL ADEQUACY RATIO MINIMUM CAPITAL REQUIREMENT MONETARY FUND NEGATIVE SHOCK NON PERFORMING LOANS NON-PERFORMING LOANS NPL NUTRITION OUTPUT LOSS PARTIAL RISK PAYMENT SYSTEM PENSIONS POLITICAL ECONOMY POLITICAL STABILITY POLITICAL UNCERTAINTY PORTFOLIO PORTFOLIO INVESTMENT PRIVATE BANKS PRIVATE CREDIT PRIVATE FUNDS PRIVATE INVESTORS PRIVATE SECTOR BANKS PRODUCTIVE INVESTMENT PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC RECORDS PUBLIC SPENDING REAL ESTATE REGULATORY FRAMEWORK REMITTANCE REMITTANCES RESERVE RETURNS SAFETY NET SAVINGS ACCOUNT SHAREHOLDERS SOCIAL RESPONSIBILITY SOLVENCY STATE GUARANTEE SUPPLY OF CREDIT TAX RATES TAX SYSTEM TECHNICAL ASSISTANCE TELECOMMUNICATIONS TERRORISM TRADE CREDIT TRADE FINANCE TRADE UNION TRADING TRANSACTION TRANSPARENCY TREASURY TRUST FUND TURNOVER VILLAGE WITHHOLDING TAX WORKING CAPITAL 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. 2014-09-12T20:41:43Z 2014-09-12T20:41:43Z 2014 http://documents.worldbank.org/curated/en/2014/01/20155445/vision-nepal-policy-notes-government-three-growth-investment-infrastructure-inclusion-vol-2-2 http://hdl.handle.net/10986/20099 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Publications & Research :: Working Paper Publications & Research South Asia Nepal |