Kathmandu, Feb. 19 -- Nepal is expected to reach a growth rate of 6.5 percent in fiscal 2018-19, largely due to ongoing reconstruction, investment in hydropower projects, a rebound in agricultural production, and strong tourism-related activities, according to the International Monetary Fund.

If this growth momentum can be sustained in the coming years, Nepal will join an 'elite group of countries' which have enjoyed 'persistent growth accelerations', said the Article IV Consultations report released on Sunday. The executive board of the International Monetary Fund concluded the consultations with Nepal on February 8.

The International Monetary Fund baseline projection for the level of Gross Domestic Product in Nepal is compared to two ...