Managing Public Finances for a New Nepal : A Public Finance Management Review
The people's movement of April 2006, known as Jana Andolan II, has created a sense that a new Nepal that is peaceful, inclusive, just, and prosperous is at hand. Such open moments are rare in the history of a country, and the opportunity must...
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| Format: | Integrated Fiduciary Assessment |
| Language: | English en_US |
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Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2007/07/9543562/nepal-managing-public-finances-new-nepal-public-finance-management-review http://hdl.handle.net/10986/7745 |
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okr-10986-77452021-04-23T14:02:38Z Managing Public Finances for a New Nepal : A Public Finance Management Review World Bank EXPENDITURES GOVERNANCE GROWTH POTENTIAL INFRASTRUCTURE INVESTMENT CLIMATE LABOR LAWS POVERTY REDUCTION PROCUREMENT PUBLIC FINANCIAL MANAGEMENT TRADE FACILITATION The people's movement of April 2006, known as Jana Andolan II, has created a sense that a new Nepal that is peaceful, inclusive, just, and prosperous is at hand. Such open moments are rare in the history of a country, and the opportunity must be seized. However, the road ahead is challenging. Despite remarkable achievements in reducing poverty over the last decade and despite a good growth potential, Nepal faces major investment climate constraints notably weak infrastructure, weak governance, weak trade facilitation, and rigid labor laws. Recent economic growth has stagnated around 1 percent per capita, despite growth in neighboring China and India. Investment has been sluggish despite large liquidity excess, notably from the income remitted by Nepali workers abroad. This Public Finance Management (PFM) review outlines the key objectives of the government's development strategy and explores the potential contribution of sound public finance management to this agenda.This review has been conducted by the government of Nepal (GoN) and the World Bank, working in partnership under the guidance of the government's National Planning Commission (NPC) and Ministry of Finance (MoF). The scope of the review was finalized in December 2005. Workshops were held in March 2006 to outline frameworks for assessing PFM and procurement performance, and working group meetings were subsequently held. Support was provided in early 2006 for the preparation of sectoral business plans and subsequently for the preparation of the budget. Dialogue with the MoF and the NPC underpins the expenditure data and analysis. 2012-06-11T21:17:59Z 2012-06-11T21:17:59Z 2007-07-05 http://documents.worldbank.org/curated/en/2007/07/9543562/nepal-managing-public-finances-new-nepal-public-finance-management-review http://hdl.handle.net/10986/7745 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Integrated Fiduciary Assessment 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 |
EXPENDITURES GOVERNANCE GROWTH POTENTIAL INFRASTRUCTURE INVESTMENT CLIMATE LABOR LAWS POVERTY REDUCTION PROCUREMENT PUBLIC FINANCIAL MANAGEMENT TRADE FACILITATION |
| spellingShingle |
EXPENDITURES GOVERNANCE GROWTH POTENTIAL INFRASTRUCTURE INVESTMENT CLIMATE LABOR LAWS POVERTY REDUCTION PROCUREMENT PUBLIC FINANCIAL MANAGEMENT TRADE FACILITATION World Bank Managing Public Finances for a New Nepal : A Public Finance Management Review |
| geographic_facet |
South Asia Nepal |
| description |
The people's movement of April
2006, known as Jana Andolan II, has created a sense that a
new Nepal that is peaceful, inclusive, just, and prosperous
is at hand. Such open moments are rare in the history of a
country, and the opportunity must be seized. However, the
road ahead is challenging. Despite remarkable achievements
in reducing poverty over the last decade and despite a good
growth potential, Nepal faces major investment climate
constraints notably weak infrastructure, weak governance,
weak trade facilitation, and rigid labor laws. Recent
economic growth has stagnated around 1 percent per capita,
despite growth in neighboring China and India. Investment
has been sluggish despite large liquidity excess, notably
from the income remitted by Nepali workers abroad. This
Public Finance Management (PFM) review outlines the key
objectives of the government's development strategy and
explores the potential contribution of sound public finance
management to this agenda.This review has been conducted by
the government of Nepal (GoN) and the World Bank, working in
partnership under the guidance of the government's
National Planning Commission (NPC) and Ministry of Finance
(MoF). The scope of the review was finalized in December
2005. Workshops were held in March 2006 to outline
frameworks for assessing PFM and procurement performance,
and working group meetings were subsequently held. Support
was provided in early 2006 for the preparation of sectoral
business plans and subsequently for the preparation of the
budget. Dialogue with the MoF and the NPC underpins the
expenditure data and analysis. |
| format |
Economic & Sector Work :: Integrated Fiduciary Assessment |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Managing Public Finances for a New Nepal : A Public Finance Management Review |
| title_short |
Managing Public Finances for a New Nepal : A Public Finance Management Review |
| title_full |
Managing Public Finances for a New Nepal : A Public Finance Management Review |
| title_fullStr |
Managing Public Finances for a New Nepal : A Public Finance Management Review |
| title_full_unstemmed |
Managing Public Finances for a New Nepal : A Public Finance Management Review |
| title_sort |
managing public finances for a new nepal : a public finance management review |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2007/07/9543562/nepal-managing-public-finances-new-nepal-public-finance-management-review http://hdl.handle.net/10986/7745 |
| _version_ |
1764404491842486272 |