Nepal to benefit from debt service relief through EU contribution to IMF managed CCRT

KATHMANDU: Nepal is among 28 countries to receive a debt service relief amounting to EURO 4.299 million (NPR 582 million) through a European Union (EU) contribution of EURO 183 million to the ‘Catastrophe Containment Relief Trust’ (CCRT) set up by the International Monetary Fund (IMF).

The CCRT aims to provide debt service relief on instances of disasters and catastrophes to the poorest and most vulnerable countries.