KATHMANDU: The International Monetary Fund (IMF) has approved the release of an additional Rs 6.5 billion (approximately USD 42.9 million) to Nepal following the successful completion of the seventh and final review of the Extended Credit Facility (ECF).

This final installment brings Nepal’s total budgetary assistance under the ECF program—originally approved in January 2022 and later extended to May 11—to roughly Rs 58.23 billion (USD 384.1 million).

According to the IMF, Nepal has made significant progress in implementing structural and governance reforms, which have directly aided economic recovery, maintained financial stability, and protected vulnerable sectors.

Key achievements highlighted by the fund include the modernization of monetary operations, enhanced financial regulation, thorough loan portfolio reviews, stronger anti-money laundering frameworks, and improved accountability across public enterprises, all of which will help ease the country’s public financial management moving forward.