Nepal - Current economic position and prospects (Vol. 1 of 2) : Main report

RESTR I CTED Report No. SA-7a Inis reporT was prepared for use witnin Tne Bank and irs amiiaTea organizOtions. They do not accept responsibility for its accuracy or completeness. The report may a no be publishedl nor may it be quoted as representing tneir views. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERINATIONAL DEVELOPMENT ASSOCIATION CURRENT ECONOMIC POSITION ANTD PROP ECTS7rl OF NEPAL (in two volumnes) VOLUME I MAIN REPORT June 26, 1969 South Asia Departrrient  GRTTRPENGYV EUTTTVALT.rNTS 1 Nepalese rupee = U.S. $0. 1O 1 U.S. dollar = NRs 10. 125 1 Nepalese rupee = . 74 Indian rupee (IR) 1 IR = NRs 1.35  This report is based on the findings of a mission that' visited Nepal from Mlarch 15 to April 6, 1969. The mission consisted of the following members: King, Benjamin B. - Chief Browin, Dorris D. - Agricultural Economist (Consultant.) Erkmen, Esref Power Engineer (part time) Hardy, S. Clifford - Transport Engineer (part time) Kavalskvy Basil rf. - Gen-ral Economist Mark:gren Olle J. - Education Specialist Wilhelm., Rolf E. - Ger,eral Economlst   CONTENTS BASIC DATA page (and Note on the Nepal Calendar and Fiscal Year) SUMI4?ARY A.ND CONCLUSIONS i - I. THE STATE OF THE ECONOMY 1 The Hills and the Terai 1 The Meaning of Development 2 The Agricultural Economy 5 The Pattern of Trade 8 II. RAISING RESOURCES FOR PUBLIC INVESTMENT 11 The Resource. Potential 12 Expenditure 15 III. PUTTDIG RESOURCES TO WORK 19 The Short Run: The Need for Concentration of Effort 20 Increasing fsgricultural Productivity 23 Diversifyingr the Economy 26 Developing rnstitutions qnd ManDower Resources 29 ANNEX 1 - NATIONAL PRODUCT 34 ANNEX 2 - POPULATION AND FAMILY PlANNING 38 Statsticl Appendixj I +11"1l"n 9, ' hO TvT',m 1 _ - nen;o a- - .1 - -'-e a.L-JaL 1Map 2 - PopUA J.-Deit Uy l1J Map 3 - PU