Nepal - The economy

RESTRICTED Fll a~ CflDV Report No- AS- 101a IL ZIEJIJ UIJI 1 This report was prepared for use within the Bank and its afFiliated organizations. They do not accept responsibilily for its accuracy or completeness. The report may not be published nor may it be quoted as representing their views. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAI DEVELOPMENT ASSOCIATION THE E;CONOMY OF NEPAL Report of Bank Mission February 28, 1964 Department of Operations S.n1ith AR1i andi Middle East  CO UR RENY EQ UiVA L ENT 1 Nepalese Rupee = U.S. $0.13 1 T.S. D!a = 7. ANo Rupeesaaa P AMA 160 Nepalese Rupees = 100 Ineian Rupees Nepal's fiscal year ends on Ashad 31 (mid-July)  TABLE OF CONTENTS Page Maps of Nepal i Basic Data iv Foreword vi Summary vii CHAPTER I - DESCRIP'ION OF THE ECONOMTY The Country and Its Natural Resources 1 Institutional Framework 3 Pattern of Economic Activity 5 Production and Prices 8 Publ.ic Finance 9 Currency, Banking and Foreign Exchange 12 CHAPTER II - ECONOMIC DEVELOPiENT AND FOREIGN AID 17 CHAPTER TTT - PPOBT.EM$- OF FUTURE TRnlOTH Getting Things Done 24 Basic Inforrm.+ato 25 Opportunities for Development 26 A,,riculture and Irrigation OA Forestry 30 T oursm 30 Manufacturing Industry 31 VE1ec41r;rlc PoweVC-r 3 Transport and Communications 3h r1U rTT .'TD -177 r1rWTsTrT T TC -MTC\T Z 'JJIfl.i 4. UJJA 4 V - 'VMJ' J VI 'J.JUL .'JNIJj Tables in Text 1. Recorded Visible Foreign Trade of Nepal, 1960/61 6 2. Rul-1ar l o-vuverrzmienrt R'evenue andu Ehpenditure 10 3. Public Development Expenditure 11 . Asset-s and Liabilities of the Nepal Rastra Bank 13 5. Assets and Liabilities of the Nepal Bank Limited 15 6. U.S. and Indian Assistance to Mepal 21  4, P i; S A N_IE P A Le : o vr 0 , 9 < < . .:/ < . :t-Y l > 34-- t ' . x,-~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~P-P i..0 01 U 1 t c r & L O3harc, > X+ ,: (AXD, fir Z {; 4 ' | /~~~~~~~~~~~~~~~~~~~~~~~~101 00 4 . ,. T I e E T ( ChillC ) P r c d e 8 h NculznWz>t ~~~' _=6+jrhlkn; .> _ , , ,, , . , , ; % 5 i k k i m >t ffiPK1l ;B / i