Nepal: Request for an Extension of the Extended Credit Facility Arrangement-Press Release; and Staff Report

Author: International Monetary Fund. Asia and Pacific Dept

Volume/Issue: Volume 2025 Issue 331

Publication date: December 2025

ISBN: 9798229027380

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Topics covered in this book

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Economics- Macroeconomics , Money and Monetary Policy , Sovereign debt restructuring , Credit , Fiscal stance

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Summary

The authorities of Nepal are requesting an extension of the Extended Credit Facility (ECF) arrangement to May 11, 2026. The ECF arrangement is currently due to expire on January 11, 2026. It was approved by the Executive Board on January 12, 2022 for the equivalent of SDR 282.42 million (180 percent of quota) for 38 months, and an extension of 10 months with rephasing of disbursements was approved by the Executive Board on May 1, 2023, without additional access.