Kathmandu, May 9: The International Monetary Fund (IMF) has urged the government of Nepal to apply policy-level precautions stating that Nepal’s economy was still at risk.
The IMF has suggested that Nepal should make the monetary policy more systematic instead of further relaxing it against the backdrop that external pressure on Nepal’s economy was still high.
After a review meeting of the programmes launched through concessional loan support under the Extended Credit Facility (ECF) in Nepal, Deputy Division Chief of IMF Turunen Jarkko cautioned that relaxed monetary policy could invite yet another challenge as Nepal’s imports are gradually increasing.
After the review of the ECF projects, the IMF has announced to release 52.8 million US dollars in loan assistance.
Talking briefly to the media, the IMF Deputy Division Chief urged the concerned to be based on statistics while taking decisions on economic situation.
