Publications and Documents

Explore our data-rich research, policy analysis, toolkits, guidelines, and other resources on economics and key development topics. Our operational documents are also available in this section.

NRM Working Papers


  • An Evaluation of the Rural Microfinance Development Centre as a Wholesale Lending Institution in NepalPapers and Briefs |

    An Evaluation of the Rural Microfinance Development Centre as a Wholesale Lending Institution in Nepal

    ln 1998 the Government of Nepal, with the support of the Asian Development Bank (ADB), established the Rural Microfinance Development Centre (RMDC), a public company with the mandate to operate as a wholesale lending agency for microfinance institutions (MFls) in Nepal. An attempt has been made in this study to assess the performance of the RMDC and its impact on the beneficiaries.

    The research was undertaken between May and September 2006 using a participatory approach, which involved extensive discussions with microfinance practitioners and field visits to five project areas, where small samples of MFls and their clients were selected and interviewed. This study can contribute towards understanding the microfinance sector in Nepal and help improve its strategy.

  • An Empirical Analysis of the Conflict in NepalPapers and Briefs |

    An Empirical Analysis of the Conflict in Nepal

    A decade-long conflict in Nepal has affected the social, economic, and political landscape of the country since it started in 1996. Thousands of people have been killed, physical infrastructure has been destroyed, hundreds of thousands of people have been displaced and development activities have slowed down.

    This study is an empirical investigation of the factors that explain the conflict in Nepal. It uses the logit model to determine the factors that determine the probability of conflict in Nepal. It also derives policy implications which, when taken into consideration, will help mitigate the conflict, support the peace process and plan post-conflict rehabilitation and reconstruction.

  • Managing the Debt: An Assessment of Nepal's Public Debt SustainabilityPapers and Briefs |

    Managing the Debt: An Assessment of Nepal's Public Debt Sustainability

    This paper examines the debt sustainability of Nepal. Unlike previous studies, in which macroeconomic variables were predicted independently, this debt sustainability analysis - in an attempt to present a more theoretically consistent analysis - is based on the predicted values of macroeconomic variables from the Nepal Macroeconometric Model. Given the current magnitude and structure of debt, Nepali public debt appears to be sustainable. This debt sustainability analysis shows that the debt-to-GDP ratio over the next 5 years will be stable at the current level. The stress test results indicate that the impacts of external shocks on the debt-to-GDP ratio are generally modest.

  • Nepal Public Debt Sustainability AnalysisPapers and Briefs |

    Nepal Public Debt Sustainability Analysis

    The study on Nepal Public Debt Sustainability Analysis was undertaken by the Asian Development Bank (ADB) in 2001 to analyze the public debt sustainability of Nepal. The outcome of the study was intended to improve debt management by the Government of Nepal and to provide inputs for the Tenth Five Year Plan and other long-term perspective plans. It was also intended to assist the ADB to articulate its lending policy for Nepal based on country risk analysis.

  • Nepal Regional Strategy for DevelopmentPapers and Briefs |

    Nepal Regional Strategy for Development

    The study was undertaken to examine the major issues of and constraints to balanced regional development, prepare a strategy for achieving balanced regional development, and make necessary policy recommendations for effective implementation of regional development. The paper has reviewed past experiences of regional approach in Nepal's planning, examined the magnitude of regional disparity, focused on decentralization, examined the asymmetric economic relation of Nepal with its immediate neighboring countries and recommended ways for effective operationalization of a regional strategy.

  • Nepal Macroeconometric ModelPapers and Briefs |

    Nepal Macroeconometric Model

    The NRM Working Paper Series draws on ongoing and recently completed research and policy studies undertaken by NRM and its policy analysis network. The papers represent rudimentary work meant to stimulate discussion and elicit feedback. Papers published under this series could subsequently be revised based on feedback of commentators and published as articles in professional journals or chapters in books.

  • Ethnic and Caste Diversity: Implications for DevelopmentPapers and Briefs |

    Ethnic and Caste Diversity: Implications for Development

    The study provides a historical perspective on cultural diversity and includes a review of anthropological studies on ethnicity and caste, and perceptions of different groups on the beneficiaries of development. NRM conducted interviews, and held focus group discussions with staff of line agencies and nongovernment organizations and a diverse range of informants, covering different castes, ethnic groups, and men and women beneficiaries of an ADB-assisted project.

  • Measuring the Economic Costs of Conflict: the Effect of Declining Development Expenditures on Nepal's Economic GrowthPapers and Briefs |

    Measuring the Economic Costs of Conflict: the Effect of Declining Development Expenditures on Nepal's Economic Growth

    The study was undertaken by the Asian Development Bank's Nepal Resident Mission (NRM) to measure the economic costs of the conflict, and the effect of declining development expenditures on Nepal's economic development. This paper uses the Nepal Macroeconometric Model to measure it. The paper tries to establish the relationship between development expenditures and economic growth and contribute to improving the understanding of the costs of conflict in Nepal.

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