IMF, Nepal reach agreement on sixth ECF review, unlocking $42.7 million

The latest tranche would bring total disbursements under the ECF programme to $331.8 million.

Nepal and the International Monetary Fund (IMF) have reached a staff-level agreement on the policies and reforms necessary to complete the sixth review under the Extended Credit Facility (ECF), paving the way for the disbursement of $42.7 million in financial support, subject to approval by the IMF’s Executive Board.