"The visiting delegation has completed the necessary homework in this regard. The next mission will finalize Extended Credit Facility to Nepal," said an official, who attended the meeting with visiting IMF delegation led by John Nelmes.[break]
The mission, which is in Nepal on a two-week visit, is scheduled to return on Monday.
Under the credit facility, Nepal will get up to Rs 7 billion credit for three years at 0.5 percent interest rate on condition that the government maintains certain standard to spend the amount.
The credit facility is aimed at managing foreign currency, maintaining positive balance of payment and continuation of economic reforms.
The government had requested IMF for Extended Credit Facility last year.
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