IMF approves USD 395.9 million extended credit facility arrangement for Nepal

KATHMANDU: The Executive Board of the International Monetary Fund (IMF) approved a 38-month arrangement under the Extended Credit Facility (ECF) for Nepal in an amount equivalent to SDR 282.42 million (180 percent of quota or about US$395.9million). The ECF arrangement will assist the authorities’ Covid-19 response in mitigating the pandemic’s...