Nepal Development Update, January 2016 : Development Amidst Disturbances

Devastating earthquakes in April and May of 2015 took a huge human toll, destroyed homes, businesses, irreplaceable cultural heritage sites, and slowed economic growth. The Government of Nepal (GoN), through a post disaster needs assessment (PDNA),...

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Main Author: World Bank
Format: Report
Language:English
en_US
Published: World Bank, Washington, DC 2016
Subjects:
TAX
AIR
BUS
GDP
Online Access:http://documents.worldbank.org/curated/en/2016/02/25962752/nepal-development-update-development-amidst-disturbances
http://hdl.handle.net/10986/23776
id okr-10986-23776
recordtype oai_dc
spelling okr-10986-237762021-05-25T10:54:42Z Nepal Development Update, January 2016 : Development Amidst Disturbances World Bank SANITATION DEFICIT MONETARY POLICY EQUIPMENT ACCOUNTING DEPOSITS STOCK FISCAL DEFICITS NATIONAL ECONOMY INCOME VEHICLES GOVERNMENT SPENDING EXPORT PERFORMANCE REMITTANCE GOVERNMENT REVENUES ECONOMIC DEVELOPMENTS GDP PER CAPITA EXPORTS TREND BLACK MARKET REVENUES WELFARE OUTSTANDING CREDIT LOAN VARIABLES TOLL CAPITAL STOCK DAMAGES TAX INPUTS ROUTES INCOME TAX AIR TRANSACTION COST AGRICULTURAL OUTPUT INFLATION INTERNATIONAL BANK BUS FLEET SPEEDS BUDGET DEVELOPMENT TRADE BALANCE OIL PRICES TOTAL FACTOR PRODUCTIVITY COSTS DEVELOPMENT ECONOMICS NATURAL DISASTER TRANSPORT VALUE‐ADDED TRADING OPTIONS MONOPOLY NATURAL DISASTERS MARKETS DEFICITS INFLATIONS BUDGET DEFICIT POTENTIAL OUTPUT LOANS RESERVES ROUTE FUELS RECURRENT EXPENDITURE ECONOMIC RESEARCH INFRASTRUCTURE PUBLIC INVESTMENT BANKING SECTOR FISCAL DEFICIT EXPENDITURE MARKET ECONOMY GROWTH THEORIES BUS TRANSACTION INVESTORS HUMAN CAPITAL VALUE ADDED TRAVEL TRANSPORTATION TRANSIT CAPITAL PRIVATE SECTOR CREDIT VALUE FIXED CAPITAL CREDIT MACROECONOMICS TRADE DEFICIT PURCHASING POWER GOVERNMENT EXPENDITURE GOVERNMENT REVENUE EXPENDITURES EXCISE TAX ECONOMY AGRICULTURE CONSUMERS ISSUANCE PETROLEUM GAS GROWTH MODELS RE-INVESTMENT PHYSICAL ASSETS MARKET OUTPUT PER CAPITA PRODUCTION FUNCTION MACROECONOMIC VARIABLES TRADE GDP GOODS THEORY GROWTH RATE LOAN VOLUME INVESTMENT SHARE POVERTY FUEL REVENUE CONSUMER PRICE INDEX LENDING CREDIT GROWTH GROWTH THEORY TOTAL OUTPUT PETROLEUM PRODUCTS ACCELERATOR REMITTANCES PUBLIC SPENDING CAPITAL INVESTMENT FINANCIAL SECTOR DIESEL OUTCOMES TRANSPORTATION SERVICES INTERNATIONAL MARKETS FINANCIAL OPENNESS MIDDLE INCOME COUNTRIES FREIGHT GUARANTEE PRICES Devastating earthquakes in April and May of 2015 took a huge human toll, destroyed homes, businesses, irreplaceable cultural heritage sites, and slowed economic growth. The Government of Nepal (GoN), through a post disaster needs assessment (PDNA), estimated the value of losses at United States dollar (USD) 7.1 billion (physical damage of USD 5.2 billion and economic losses, spanning several years, of USD 1.9 billion). Nepal’s political parties intensified their efforts to adopt a new constitution, after eight years of deliberations, spurred on by the shift in political priorities following the April and May earthquakes. A normalization was envisaged whereby the faster budget implementation and sustained reconstruction activities can lead to a surge in imports, which will have tipped the current account balance into deficit over the forecast period, despite large remittances. Similarly, increased government spending on capital expenditure, as national reconstruction authority speeds up reconstruction activities, will lead to a larger budget deficit. The aim of this report is to report on key economic developments over the preceding months, placing them in a longer term and global perspective and to examine topics of particular policy significance. 2016-02-26T17:42:08Z 2016-02-26T17:42:08Z 2016-01 Report http://documents.worldbank.org/curated/en/2016/02/25962752/nepal-development-update-development-amidst-disturbances http://hdl.handle.net/10986/23776 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work South Asia Nepal
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 SANITATION
DEFICIT
MONETARY POLICY
EQUIPMENT
ACCOUNTING
DEPOSITS
STOCK
FISCAL DEFICITS
NATIONAL ECONOMY
INCOME
VEHICLES
GOVERNMENT SPENDING
EXPORT PERFORMANCE
REMITTANCE
GOVERNMENT REVENUES
ECONOMIC DEVELOPMENTS
GDP PER CAPITA
EXPORTS
TREND
BLACK MARKET
REVENUES
WELFARE
OUTSTANDING CREDIT
LOAN
VARIABLES
TOLL
CAPITAL STOCK
DAMAGES
TAX
INPUTS
ROUTES
INCOME TAX
AIR
TRANSACTION COST
AGRICULTURAL OUTPUT
INFLATION
INTERNATIONAL BANK
BUS FLEET
SPEEDS
BUDGET
DEVELOPMENT
TRADE BALANCE
OIL PRICES
TOTAL FACTOR PRODUCTIVITY
COSTS
DEVELOPMENT ECONOMICS
NATURAL DISASTER
TRANSPORT
VALUE‐ADDED
TRADING
OPTIONS
MONOPOLY
NATURAL DISASTERS
MARKETS
DEFICITS
INFLATIONS
BUDGET DEFICIT
POTENTIAL OUTPUT
LOANS
RESERVES
ROUTE
FUELS
RECURRENT EXPENDITURE
ECONOMIC RESEARCH
INFRASTRUCTURE
PUBLIC INVESTMENT
BANKING SECTOR
FISCAL DEFICIT
EXPENDITURE
MARKET ECONOMY
GROWTH THEORIES
BUS
TRANSACTION
INVESTORS
HUMAN CAPITAL
VALUE ADDED
TRAVEL
TRANSPORTATION
TRANSIT
CAPITAL
PRIVATE SECTOR CREDIT
VALUE
FIXED CAPITAL
CREDIT
MACROECONOMICS
TRADE DEFICIT
PURCHASING POWER
GOVERNMENT EXPENDITURE
GOVERNMENT REVENUE
EXPENDITURES
EXCISE TAX
ECONOMY
AGRICULTURE
CONSUMERS
ISSUANCE
PETROLEUM GAS
GROWTH MODELS
RE-INVESTMENT
PHYSICAL ASSETS
MARKET
OUTPUT PER CAPITA
PRODUCTION FUNCTION
MACROECONOMIC VARIABLES
TRADE
GDP
GOODS
THEORY
GROWTH RATE
LOAN VOLUME
INVESTMENT
SHARE
POVERTY
FUEL
REVENUE
CONSUMER PRICE INDEX
LENDING
CREDIT GROWTH
GROWTH THEORY
TOTAL OUTPUT
PETROLEUM PRODUCTS
ACCELERATOR
REMITTANCES
PUBLIC SPENDING
CAPITAL INVESTMENT
FINANCIAL SECTOR
DIESEL
OUTCOMES
TRANSPORTATION SERVICES
INTERNATIONAL MARKETS
FINANCIAL OPENNESS
MIDDLE INCOME COUNTRIES
FREIGHT
GUARANTEE
PRICES
spellingShingle SANITATION
DEFICIT
MONETARY POLICY
EQUIPMENT
ACCOUNTING
DEPOSITS
STOCK
FISCAL DEFICITS
NATIONAL ECONOMY
INCOME
VEHICLES
GOVERNMENT SPENDING
EXPORT PERFORMANCE
REMITTANCE
GOVERNMENT REVENUES
ECONOMIC DEVELOPMENTS
GDP PER CAPITA
EXPORTS
TREND
BLACK MARKET
REVENUES
WELFARE
OUTSTANDING CREDIT
LOAN
VARIABLES
TOLL
CAPITAL STOCK
DAMAGES
TAX
INPUTS
ROUTES
INCOME TAX
AIR
TRANSACTION COST
AGRICULTURAL OUTPUT
INFLATION
INTERNATIONAL BANK
BUS FLEET
SPEEDS
BUDGET
DEVELOPMENT
TRADE BALANCE
OIL PRICES
TOTAL FACTOR PRODUCTIVITY
COSTS
DEVELOPMENT ECONOMICS
NATURAL DISASTER
TRANSPORT
VALUE‐ADDED
TRADING
OPTIONS
MONOPOLY
NATURAL DISASTERS
MARKETS
DEFICITS
INFLATIONS
BUDGET DEFICIT
POTENTIAL OUTPUT
LOANS
RESERVES
ROUTE
FUELS
RECURRENT EXPENDITURE
ECONOMIC RESEARCH
INFRASTRUCTURE
PUBLIC INVESTMENT
BANKING SECTOR
FISCAL DEFICIT
EXPENDITURE
MARKET ECONOMY
GROWTH THEORIES
BUS
TRANSACTION
INVESTORS
HUMAN CAPITAL
VALUE ADDED
TRAVEL
TRANSPORTATION
TRANSIT
CAPITAL
PRIVATE SECTOR CREDIT
VALUE
FIXED CAPITAL
CREDIT
MACROECONOMICS
TRADE DEFICIT
PURCHASING POWER
GOVERNMENT EXPENDITURE
GOVERNMENT REVENUE
EXPENDITURES
EXCISE TAX
ECONOMY
AGRICULTURE
CONSUMERS
ISSUANCE
PETROLEUM GAS
GROWTH MODELS
RE-INVESTMENT
PHYSICAL ASSETS
MARKET
OUTPUT PER CAPITA
PRODUCTION FUNCTION
MACROECONOMIC VARIABLES
TRADE
GDP
GOODS
THEORY
GROWTH RATE
LOAN VOLUME
INVESTMENT
SHARE
POVERTY
FUEL
REVENUE
CONSUMER PRICE INDEX
LENDING
CREDIT GROWTH
GROWTH THEORY
TOTAL OUTPUT
PETROLEUM PRODUCTS
ACCELERATOR
REMITTANCES
PUBLIC SPENDING
CAPITAL INVESTMENT
FINANCIAL SECTOR
DIESEL
OUTCOMES
TRANSPORTATION SERVICES
INTERNATIONAL MARKETS
FINANCIAL OPENNESS
MIDDLE INCOME COUNTRIES
FREIGHT
GUARANTEE
PRICES
World Bank
Nepal Development Update, January 2016 : Development Amidst Disturbances
geographic_facet South Asia
Nepal
description Devastating earthquakes in April and May of 2015 took a huge human toll, destroyed homes, businesses, irreplaceable cultural heritage sites, and slowed economic growth. The Government of Nepal (GoN), through a post disaster needs assessment (PDNA), estimated the value of losses at United States dollar (USD) 7.1 billion (physical damage of USD 5.2 billion and economic losses, spanning several years, of USD 1.9 billion). Nepal’s political parties intensified their efforts to adopt a new constitution, after eight years of deliberations, spurred on by the shift in political priorities following the April and May earthquakes. A normalization was envisaged whereby the faster budget implementation and sustained reconstruction activities can lead to a surge in imports, which will have tipped the current account balance into deficit over the forecast period, despite large remittances. Similarly, increased government spending on capital expenditure, as national reconstruction authority speeds up reconstruction activities, will lead to a larger budget deficit. The aim of this report is to report on key economic developments over the preceding months, placing them in a longer term and global perspective and to examine topics of particular policy significance.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Nepal Development Update, January 2016 : Development Amidst Disturbances
title_short Nepal Development Update, January 2016 : Development Amidst Disturbances
title_full Nepal Development Update, January 2016 : Development Amidst Disturbances
title_fullStr Nepal Development Update, January 2016 : Development Amidst Disturbances
title_full_unstemmed Nepal Development Update, January 2016 : Development Amidst Disturbances
title_sort nepal development update, january 2016 : development amidst disturbances
publisher World Bank, Washington, DC
publishDate 2016
url http://documents.worldbank.org/curated/en/2016/02/25962752/nepal-development-update-development-amidst-disturbances
http://hdl.handle.net/10986/23776
_version_ 1764454905077039104