{
  "title": "IMF Executive Board Approves Extension of the Extended Credit Facility Arrangement with Nepal",
  "publication": "IMF News, May 6, 2026",
  "sourceUrl": "https://www.imf.org/en/news/articles/2026/05/06/imf-pr-26141-nepal-imf-executive-board-approves-ext-of-ecf-arrang",
  "canonical": "https://www.imf.org/en/news/articles/2026/05/06/imf-pr-26141-nepal-imf-executive-board-approves-ext-of-ecf-arrang",
  "overlayPath": "/en/news/articles/2026/05/06/imf-pr-26141-nepal-imf-executive-board-approves-ext-of-ecf-arrang/index.md",
  "summary": "IMF Executive Board Approves Extension of the Extended Credit Facility Arrangement with Nepal",
  "publishDate": "2026-05-06",
  "sections": [
    {
      "heading": "Overview",
      "content": "- The Executive Board of the International Monetary Fund (IMF) approved the Nepali authorities’ request for a two-month extension of the Extended Credit Facility (ECF) arrangement until July 11, 2026.\n- Purpose of the extension: to allow sufficient time for the completion of the seventh and final review of the ECF arrangement.\n- Decision date reported: May 6, 2026."
    },
    {
      "heading": "ECF arrangement history and key figures",
      "content": "- Original approval: 38-month ECF arrangement approved by the Executive Board on January 12, 2022.\n- Original access: SDR 282.42 million (180 percent of quota).\n- Previous extension and rephasing: Extension of the ECF arrangement to January 11, 2026 with rephasing of disbursements without additional access approved by the Executive Board on May 1, 2023.\n- Most recent prior extension: Extension of the ECF arrangement to May 11, 2026 without additional access approved by the Executive Board on December 1, 2025.\n- Current extension: two-month extension to July 11, 2026 (no indication of additional access)."
    },
    {
      "heading": "Executive Board decision procedure",
      "content": "- The Executive Board’s decision was taken on a lapse-of-time basis.\n- Footnote explanation included: “The Executive Board takes decisions under its lapse-of-time procedure when a proposal can be considered without convening formal discussions.”"
    },
    {
      "heading": "Press contact",
      "content": "- IMF Communications Department, MEDIA RELATIONS\n- PRESS OFFICER: Pavis Devahasadin\n- Phone: +1 202 623-7100\n- Email: MEDIA@IMF.org\n- Twitter: @IMFSpokesperson\n\nPress Release No. 26/141 — May 6, 2026\n\n---\n\n\n References\n\n- Nepal and the IMF\n- Press Releases\n- PRESS CENTER\n- Press Release No. 22/6\n- IMF Country Report No. 23/158\n- IMF Country Report No. 25/331\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2026/05/06/imf-pr-26141-nepal-imf-executive-board-approves-ext-of-ecf-arrang"
    }
  ],
  "bullets": [
    "[Markdown version](/en/news/articles/2026/05/06/imf-pr-26141-nepal-imf-executive-board-approves-ext-of-ecf-arrang/index.md)",
    "[Structured JSON version](/en/news/articles/2026/05/06/imf-pr-26141-nepal-imf-executive-board-approves-ext-of-ecf-arrang/index.json)",
    "[Bundle manifest](/en/news/articles/2026/05/06/imf-pr-26141-nepal-imf-executive-board-approves-ext-of-ecf-arrang/bundle-manifest.json)",
    "Published: May 6, 2026",
    "The Executive Board of the International Monetary Fund (IMF) approved the Nepali authorities’ request for a two-month extension of the Extended Credit Facility (ECF) arrangement until July 11, 2026.",
    "Purpose of the extension: to allow sufficient time for the completion of the seventh and final review of the ECF arrangement.",
    "Decision date reported: May 6, 2026.",
    "Original approval: 38-month ECF arrangement approved by the Executive Board on January 12, 2022.",
    "Original access: SDR 282.42 million (180 percent of quota).",
    "Previous extension and rephasing: Extension of the ECF arrangement to January 11, 2026 with rephasing of disbursements without additional access approved by the Executive Board on May 1, 2023.",
    "Most recent prior extension: Extension of the ECF arrangement to May 11, 2026 without additional access approved by the Executive Board on December 1, 2025.",
    "Current extension: two-month extension to July 11, 2026 (no indication of additional access).",
    "The Executive Board’s decision was taken on a lapse-of-time basis.",
    "Footnote explanation included: “The Executive Board takes decisions under its lapse-of-time procedure when a proposal can be considered without convening formal discussions.”",
    "IMF Communications Department, MEDIA RELATIONS",
    "PRESS OFFICER: Pavis Devahasadin",
    "Phone: +1 202 623-7100",
    "Email: MEDIA@IMF.org",
    "Twitter: @IMFSpokesperson",
    "[Nepal and the IMF](http://www.imf.org/external/country/NPL/index.htm)",
    "[Press Releases](https://www.imf.org/en/news/searchnews)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[Press Release No. 22/6](https://www.imf.org/en/News/Articles/2022/01/13/pr2206-nepal-imf-executive-board-approves-us-million-ecf-arrangement)",
    "[IMF Country Report No. 23/158](https://www.imf.org/en/publications/cr/issues/2023/05/04/nepal-staff-report-for-the-2023-article-iv-consultation-first-and-second-reviews-under-the-533075)",
    "[IMF Country Report No. 25/331](https://www.imf.org/en/publications/cr/issues/2025/12/09/nepal-request-for-an-extension-of-the-extended-credit-facility-arrangement-press-release-572447)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
  ],
  "alternates": {
    "markdown": "/en/news/articles/2026/05/06/imf-pr-26141-nepal-imf-executive-board-approves-ext-of-ecf-arrang/index.md",
    "json": "/en/news/articles/2026/05/06/imf-pr-26141-nepal-imf-executive-board-approves-ext-of-ecf-arrang/index.json",
    "bundleManifest": "/en/news/articles/2026/05/06/imf-pr-26141-nepal-imf-executive-board-approves-ext-of-ecf-arrang/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-26T04:38:13.146Z"
}