Description: Nepal Development Update, May 2016 : Remittances at Risk

Nepal Development Update, May 2016 : Remittances at Risk

During 2015, and in the span of six-months, Nepal was hit by two major shocks. The first one was the April 2015 earthquakes that caused a huge loss of life and assets. The second shock has come in the form of a near complete disruption of external trade following the adoption of the new Constit...

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Bibliographic Details
Main Author:	World Bank
Language:	English en_US
Published:	World Bank, Kathmandu 2016
Subjects:	LIVING STANDARDS AUCTION GROWTH RATES MONETARY POLICY DEFICIT RISKS DEPOSIT BUFFERS IMPORT GROWTH EXTERNAL COMPETITIVENESS OIL PRICE ECONOMIC GROWTH TRADE SHOCK ACCOUNTING BROAD MONEY FISCAL BALANCES NOMINAL EXCHANGE RATES STOCK FOREIGN INVESTORS DISPOSABLE INCOME REPO INTEREST DEPRECIATION IMPORT MONEY SUPPLY GOVERNMENT SPENDING INTEREST RATE REMITTANCE EXCHANGE GOVERNMENT REVENUES SUPPLIES SHORTFALL ECONOMIC DEVELOPMENTS LIQUIDITY DEVELOPING COUNTRIES TAX COLLECTION RECESSION REVENUES FISCAL POLICY WELFARE TOTAL RESERVES BONDS HIGH INFLATION LOAN SLOWDOWN TAX INCOME TAX EXTERNAL TRADE INFLATION INTERNATIONAL BANK POLITICAL RISKS POVERTY REDUCTION BUDGET BANK LENDING CENTRAL BANK CONVERSION DOMESTIC CONSUMPTION EXOGENOUS SHOCK POLICY RESPONSE EFFECTIVE EXCHANGE RATE LABOR MARKET FISCAL POLICIES TRADE BALANCE OIL-EXPORTING COUNTRIES OIL PRICES EXOGENOUS SHOCKS RISK DIVERSIFICATION NATURAL CAPITAL MONEY CURRENT ACCOUNT FOOD PRICE HOST COUNTRIES CONTRACTS SURPLUS EXCHANGE RATES TRADING OPTIONS MACROECONOMIC RISKS NATURAL DISASTERS DEBT PRIVATE INVESTMENT RETURN DEFICITS FOREIGN ASSETS EXTERNAL BALANCE EXCESS LIQUIDITY IMPORTS LOANS RESERVES RECURRENT EXPENDITURE UPWARD PRESSURE CURRENT ACCOUNT DEFICITS EXTERNAL FACTORS TAXES BANKING SECTOR FISCAL DEFICIT EXPENDITURE AUCTIONS INVESTORS CONSUMPTION HUMAN CAPITAL GOOD EXTERNAL DEMAND TOTAL EXPORTS FOREIGN RESERVES LOOSE MONETARY POLICY BUFFER SUPPLY-SIDE FINANCIAL CRISIS MARKET PRICES TOTAL CREDIT COMPETITIVENESS PRICE OF OIL CURRENT ACCOUNT BALANCE FIXED CAPITAL TRADE DEFICIT PURCHASING POWER DEMAND NATIONAL INCOME EXOGENOUS FACTORS CONTRACT GOVERNMENT REVENUE ECONOMY EXPENDITURES OIL EXPORTS ISSUANCE SUPPLY DISRUPTIONS ASSETS MARKET PRICE INCREASE REGRESSION ANALYSIS EXPOSURE CURRENCIES BANK LOAN GOODS SECURITY GROWTH RATE ACCOUNT DEFICITS INVESTMENT RISK SHARE POVERTY SUPPLY FISCAL BALANCE EXTERNAL SHOCKS REVENUE PRIVATE CONSUMPTION INVESTMENTS LENDING CREDIT GROWTH LEVERAGE REPOS EXCHANGE RATE REAL EFFECTIVE EXCHANGE RATE COUNTRY OF ORIGIN FOOD PRICES REMITTANCES CAPITAL INVESTMENT COMMODITY PRICES GUARANTEE ECONOMIES INCOME VOLATILITY
Online Access:	http://documents.worldbank.org/curated/en/2016/06/26486827/nepal-development-update-remittances-risk http://hdl.handle.net/10986/24663

Description
Summary:	During 2015, and in the span of six-months, Nepal was hit by two major shocks. The first one was the April 2015 earthquakes that caused a huge loss of life and assets. The second shock has come in the form of a near complete disruption of external trade following the adoption of the new Constitution. Reflecting both the earthquake and trade related disruptions, inflation spiked to over 12 percent (y/ y) by mid-January rising 5 percentage points in just four months from mid-September 2015. This was the highest inflation level since FY2009, with increases in food and non-food prices contributing equally to the spike. As the trade disruptions ended, inflation has eased to back to single digits.

Nepal Development Update, May 2016 : Remittances at Risk

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