Press Release No. 25/413

Washington, DC: 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.