IMF review

International Monetary Fund (IMF) has completed its first and second reviews under the Extended Credit Facility (ECF) for Nepal to withdraw $52.8 million. This brings total disbursements under the ECF for budget support thus far to $157.4 million.

While crediting monetary policy tightening for stabilised external position and lower inflation, IMF Executive Board recommended preserving macroeconomic stability and fiscal reforms in line with debt sustainability, banking regulation and supervision, reducing the cost of doing business and barriers to FDI, enhancing governance and social safety net.

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