IMF Approves $42.9 Million Aid for Nepal

Kathmandu. The International Monetary Fund (IMF) has decided to provide aid equivalent to approximately 42.9 million US dollars to Nepal under its Extended Credit Facility (ECF) program.

According to the IMF, the aid has been provided because Nepal has achieved significant progress in structural reform areas due to the slowdown in economic activities, as stated in a press release issued by the IMF.