Nepal is set to receive around NPR 6 billion in additional financial support after reaching a staff-level agreement with the International Monetary Fund on the seventh and final review of its Extended Credit Facility programme.
The agreement was concluded during an IMF mission to Kathmandu from February 6 to 20, led by Nepal Mission Chief Sarwat Jahan. Once the IMF Executive Board approves the review, Nepal will gain access to about USD 43.2 million. This will complete the four-year ECF programme, under which Nepal is eligible to receive a total of USD 395.9 million.