A Diversification Strategy for South Asia

A Diversification Strategy for South Asia

Author: Weicheng Lian

Publisher: International Monetary Fund

Published: 2021-07-30

Total Pages: 49

ISBN-13: 1513584790

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While South Asia has gone a long way in diversifying their economies, there is substantial scope to do more. Some countries – India, Nepal, and Sri Lanka – can build on their existing production capabilities; others – Bangladesh, Bhutan, and the Maldives – would need to undertake a more concerted push. We identify key policies from a large set of potential determinants that explain the variation in export diversification and complexity across 189 countries from 1962 to 2018. Our analysis suggests that South Asia needs to invest in infrastructure, education, and R&D, facilitate bank credit to productive companies, and open to trade in order to diversify and move up the value chains. Given the COVID-19 pandemic, investing in digital technologies as part of the infrastructure push and improving education are of even greater importance to facilitate the ability to work remotely and assist resource reallocation away from the less viable sectors.


Development Co-operation Report 2021 Shaping a Just Digital Transformation

Development Co-operation Report 2021 Shaping a Just Digital Transformation

Author: OECD

Publisher: OECD Publishing

Published: 2021-12-21

Total Pages: 503

ISBN-13: 9264856862

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Digital transformation is revolutionising economies and societies with rapid technological advances in AI, robotics and the Internet of Things. Low and middle-income countries are struggling to gain a foothold in the global digital economy in the face of limited digital capacity, skills, and fragmented global and regional rules.


Samoa: Technical Assistance Report—Climate Macroeconomic Assessment Program

Samoa: Technical Assistance Report—Climate Macroeconomic Assessment Program

Author: International Monetary

Publisher: International Monetary Fund

Published: 2022-03-21

Total Pages: 62

ISBN-13:

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Samoa is highly exposed to natural hazards such as tropical cyclones, earthquakes, tsunamis, droughts, and floods. These damage economic growth and impact debt sustainability adversely. Increasing frequency and intensity of coastal storms are likely to amplify damage to infrastructure and livelihoods. Slow-moving climate stresses such as sea level rise and increasing heat hazard are also likely to impact potential growth in the main economic sectors such as agriculture, fisheries, and tourism.


Technical Assistance Disbursement Handbook

Technical Assistance Disbursement Handbook

Author: Asian Development Bank

Publisher: Asian Development Bank

Published: 2010-05-01

Total Pages: 113

ISBN-13: 9292547402

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The Technical Assistance Disbursement Handbook contains important information and instructions for the efficient withdrawal of technical assistance funds by claimants, namely, consultants, executing agencies, cooperating institutions, and Asian Development Bank staff.


Nepal

Nepal

Author: International Monetary Fund. Asia and Pacific Dept

Publisher: International Monetary Fund

Published: 2015-11-18

Total Pages: 61

ISBN-13: 151356224X

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This 2015 Article IV Consultation highlights that the earthquakes in April and May and protests and trade disruptions following the promulgation of a new constitution in September have exacerbated the macroeconomic policy challenges facing the Nepalese economy. Real GDP growth is estimated to have decelerated to 3.4 percent in 2014/15 (mid-July 2014 to mid-July 2015) from 5.5 percent in 2013/14. Growth is expected to gradually rebound to about 5.5 percent by 2016/17, as economic activity recovers from the earthquake and reconstruction gains momentum. Inflation is projected to rise to about 8.5 percent over the next 12 months. The medium-term outlook depends importantly on the authorities’ reform efforts.


Nepal

Nepal

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 1996-07-18

Total Pages: 142

ISBN-13: 145182985X

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This Selected Issues paper highlights that progress on structural reforms in Nepal stalled during 1994/95 while economic performance deteriorated. Real GDP slowed as agriculture output was depressed by a less favorable monsoon, and exports declined as both the carpet and garment sectors faltered. Although the government’s domestic borrowing remained low, rapid growth in private credit financed a surge in imports that in combination with weakening export demand led to a sharp reduction of the external surplus. In 1995/96, economic activity rebounded as favorable weather conditions boosted agricultural output, while inflation performance continued to be satisfactory.


Nepal

Nepal

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2002-09-24

Total Pages: 56

ISBN-13: 1451829906

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This 2002 Article IV Consultation highlights that Nepal’s real GDP growth is estimated to have slowed to 0.8 percent in 2001/02 from 5 percent in the previous year (fiscal year ending mid-July). Agricultural growth slowed to less than 2 percent from more than 4 percent, reflecting irregular rainfall. The output of nonagricultural sectors was largely stagnant, with manufacturing and tourism sectors particularly hit hard by the domestic security situation as well as the global slowdown. Inflation was subdued at about 3 percent, reflecting weak domestic demand and stable Indian prices for most of the year.