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Kathmandu, July 11: On July 9, 2024, the Executive Board of the International Monetary Fund (IMF) completed the fourth review under the four‑year Extended Credit Facility (ECF) for Nepal, allowing the authorities to withdraw about US$ 41.3 million. This brings total disbursements under the ECF for budget support thus far
Completion would make available SDR 31.4 million (about US$41.6 million), bringing total disbursements under the ECF thus far to SDR
A critical near-term government policy to support growth now is to increase capital spending in a fiscally responsible manner.
Nepal has made good progress with the implementation of the program, which has helped mitigate the impact of the pandemic
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