IMF Executive Board Approves Extension of the Extended Credit Facility Arrangement with Nepal
FOR IMMEDIATE RELEASE
Washington, DC – December 8, 2025: On December 1, 2025, the Executive Board of the International Monetary Fund (IMF) approved the Nepali authorities’ request for a four-month extension of the Extended Credit Facility (ECF) arrangement until May 11, 2026, to allow sufficient time for completing the seventh review of the ECF arrangement.
The 38-month ECF arrangement was approved by the Executive Board on January 12, 2022, with access of SDR 282.42 million (180 percent of quota) (see Press Release No. 22/6). An extension of the ECF arrangement to January 11, 2026 with rephasing of disbursements was approved by the Executive Board on May 1, 2023 (see IMF Country Report No. 23/158).
The Executive Board’s decision was taken on a lapse-of-time basis[[1]].
[[1]] The Executive Board takes decisions under its lapse-of-time procedure when a proposal can be considered without convening formal discussions.
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