Imf in Nepal
Chapter 1
Introduction
1. Background of the study
The international financial institutions make up institutional arrangements for international business. During the end of the World War II, many countries started mulling the plight of the future world. There were valid concerns about reconstruction of devasted areas, and re-building and developing the war-hit economies. Remarkable decisions were made in Bretton Woods conference in 1944 to boost international trade and economic growth, and to achieve monetary stability in the global economy.
Along with IMF (International Monetary Fund), IBRD (World Bank) and ITO (International Trade Organization) were the outcomes of the historical
Bretton Woods Conference. However, in this report we focus on IMF as a financial institution and its activities and contribution in Nepalese economy.
1.2 Objectives of the study
• To know about the IMF’s role in Strengthening the International Financial System • To know the role of IMF in resolving economic crisis. • To find out the impact of IMF in monetary policy. • To know the IMF’s role to meet the changing needs of its member countries in an evolving world economy. • To find out the impact of IMF in Nepalese economy. • To know about the IMF lending in Nepal.
1.3 Importance of the study
The following are the points, which throw light on the importance of this fieldwork:
• It serves as the partial fulfillment of requirement of B.B.A. program. • It has helped us to boost up our confidence. • It has helped us to gain an experience of working in group. • It might be useful for the other researchers, who can take it to be their guideline. • It might be useful for the library, so that any student wanting to prepare a report on such field can have some ideas and basic guidelines.
1.4 Limitations of the study
This study has the following limitations:
• We had to collect the
Introduction
1. Background of the study
The international financial institutions make up institutional arrangements for international business. During the end of the World War II, many countries started mulling the plight of the future world. There were valid concerns about reconstruction of devasted areas, and re-building and developing the war-hit economies. Remarkable decisions were made in Bretton Woods conference in 1944 to boost international trade and economic growth, and to achieve monetary stability in the global economy.
Along with IMF (International Monetary Fund), IBRD (World Bank) and ITO (International Trade Organization) were the outcomes of the historical
Bretton Woods Conference. However, in this report we focus on IMF as a financial institution and its activities and contribution in Nepalese economy.
1.2 Objectives of the study
• To know about the IMF’s role in Strengthening the International Financial System • To know the role of IMF in resolving economic crisis. • To find out the impact of IMF in monetary policy. • To know the IMF’s role to meet the changing needs of its member countries in an evolving world economy. • To find out the impact of IMF in Nepalese economy. • To know about the IMF lending in Nepal.
1.3 Importance of the study
The following are the points, which throw light on the importance of this fieldwork:
• It serves as the partial fulfillment of requirement of B.B.A. program. • It has helped us to boost up our confidence. • It has helped us to gain an experience of working in group. • It might be useful for the other researchers, who can take it to be their guideline. • It might be useful for the library, so that any student wanting to prepare a report on such field can have some ideas and basic guidelines.
1.4 Limitations of the study
This study has the following limitations:
• We had to collect the
Bibliography: ▪ IMF’s official website(www.imf.org) and publication ▪ IMF Survey, Vol. 36, no. 1, Jan 15, 2007 ▪ Arhan Sthapit, International Business (Text and Cases), Taleju Prakshan, 2005 ----------------------- Managing Director Executive Board Board of Governors