## IMF Executive Board Approves Extension of the Extended Credit Facility Arrangement with Nepal

_IMF News, May 6, 2026_

## Source details

**Canonical URL:** [IMF Executive Board Approves Extension of the Extended Credit Facility Arrangement with Nepal](https://www.imf.org/en/news/articles/2026/05/06/imf-pr-26141-nepal-imf-executive-board-approves-ext-of-ecf-arrang)

## Other formats

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## Bibliographic details
- Published: May 6, 2026

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### Overview
- 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.

### ECF arrangement history and key figures
- 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).

### Executive Board decision procedure
- 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.”

### Press contact
- IMF Communications Department, MEDIA RELATIONS
- PRESS OFFICER: Pavis Devahasadin
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- Twitter: @IMFSpokesperson

*Press Release No. 26/141 — May 6, 2026*

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## References

- [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)

_Source: https://www.imf.org/en/news/articles/2026/05/06/imf-pr-26141-nepal-imf-executive-board-approves-ext-of-ecf-arrang_