01929cas a2200241 a 4500 AALejournalIMF006563 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455202416 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Nepal : 2010 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility; Staff Report; Staff Supplements; Public Information Notice on the Executive Board Discussion; Press Release on the Executive Board Discussion; and Statement by the Alternate Executive Director and Advisor for Nepal. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (87 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students After years of macroeconomic stability, the global crisis is having a substantial, albeit somewhat delayed, impact on Nepal's economy and exposing its structural weaknesses. Although the Nepalese rupee appears modestly overvalued, maintaining the peg should remain a key near-term policy objective. Risks in the financial sector are coming to a head and need to be addressed urgently. The Nepal Rastra Bank (NRB)'s recent directives are welcome, but enforcement is crucial to their effectiveness. Bank licensing policy needs to be tightened, banking sector consolidation incentivized, and state-controlled bank reform tackled. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2010/185 Full text available on IMF http://elibrary.imf.org/view/journals/002/2010/185/002.2010.issue-185-en.xml IMF e-Library