KATHMANDU, Feb 13: A team of the International Monetary Fund (IMF) that visited Nepal has found an investment-friendly environment in the energy infrastructure sector in Nepal despite various challenges in Nepal’s economy.

MARRAKESH, Morocco, Oct 11: The IMF kept its 2023 global growth forecast unchanged on Tuesday but warned that the economy is "limping along" as inflation remains high and the outlooks for China and Germany were downgraded.

KATHMANDU, Oct 4: The Confederation of Nepalese Industries (CNI) has suggested the International Monetary Fund (IMF) not to intervene unnecessarily in Nepal’s policy formulation process.

NEW DELHI, July 27:  The International Monetary Fund (IMF) has encouraged India to remove restrictions on the export of a certain category of rice, saying it would have an impact on global inflation.

KATHMANDU, May 2: The International Monetary Fund (IMF) will be providing US $52.80 million (equivalent to Rs 6.90 billion) under its Extended Credit Facility (ECF) to Nepal.

WASHINGTON, April 11: The International Monetary Fund slightly lowered its outlook for the global economy on Tuesday, while predicting that most countries will avoid a recession this year despite economic and geopolitical concerns.

KATHMANDU, August 23: The International Monetary Fund (IMF) has suspended the second installment amount of its credit volume committed to Nepal, raising its concern over the authenticity of the financial audit of Nepal Rastra Bank (NRB)

COLOMBO, July 18: Sri Lanka's acting President Ranil Wickremesinghe said on Monday that the country had almost concluded negotiations with the International Monetary Fund (IMF), a day after he declared a state of emergency in the island nation.

KATHMANDU, April 26: The International Monetary Fund (IMF) has projected that Nepal’s economic growth rate will remain at 4.1 percent in the current fiscal year 2021/22.

KATHMANDU, April 18: The International Monetary Fund (IMF) is keeping its residential office in Nepal, after 12 years of closing its unit in the country.

KATHMANDU, April 11: The International Monetary Fund (IMF) has expressed its concern over the recent government move to suspend Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari from his position.

KATHMANDU, Jan 30: The International Monetary Fund (IMF) has expressed dissatisfaction over the role played by Nepal Rastra Bank to ensure stability of Nepal’s banking sector.

KATHMANDU, Jan 14: The Executive Board of the International Monetary Fund (IMF) approved a 38-month arrangement under the Extended Credit Facility (ECF) for Nepal in an amount equivalent to SDR 282.42 million (180 percent of quota or about US dollar 395.9million) on Wednesday.

KATHMANDU, Dec 7: Nepal has stepped up to receive a loan amounting US $ 400 million from the International Monetary Fund (IMF) under the Extended Credit Facility.

KATHMANDU, April 7: The International Monetary Fund (IMF) has projected that the Nepali economy will grow by 2.9 percent this year.

KATHMANDU, May 9: The executive board of the International Monetary Fund (IMF) approved a disbursement to Nepal under the Rapid Credit Facility (RCF) equivalent to SDR156.9 million (about US$214 million, 100 percent of quota) to help cover urgent balance of payments and fiscal needs stemming from the COVID-19 pandemic.

TOKYO, April 16: Asia’s economic growth this year will grind to a halt for the first time in 60 years, as the coronavirus crisis takes an “unprecedented” toll on the region’s service sector and major export destinations, the International Monetary Fund said on Thursday.

WASHINGTON, April 14: Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast.

WASHINGTON, April 14: The International Monetary Fund said on Monday it would provide immediate debt relief to 25 member countries including Nepal under its Catastrophe Containment and Relief Trust (CCRT) to allow them to focus more financial resources on fighting the coronavirus pandemic.

BRUSSELS, July 3:  European Union governments picked Bulgaria’s Kristalina Georgieva as the bloc’s candidate to lead the International Monetary Fund after more than 12 hours of talks on Friday that highlighted the EU’s internal divisions.

WASHINGTON/SANTIAGO, July 24:  The International Monetary Fund on Tuesday cut its forecast for global growth this year and next, warning that further U.S.-China tariffs or a disorderly exit for Britain from the European union could further slow growth, weaken investment and disrupt supply chains.

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BEIJING, June 5: The International Monetary Fund (IMF) on Wednesday cut its 2019 economic growth forecast for China to 6.2% on heightened uncertainty around trade frictions, saying that more monetary policy easing would be warranted if the Sino-U.S. trade war escalates.

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KATHMANDU, April 10: The latest edition of the World Economic Outlook (WEO) from the International Monetary Fund (IMF) has projected Nepal’s economy to grow by 6.5 percent in the current fiscal year – FY2018/19.

COLOMBO, March 1: The International Monetary Fund has agreed to extend Sri Lanka’s $1.5 billion loan program by one year and has reached staff level agreement to disburse the sixth tranche of the loan, government and diplomatic sources told Reuters on Friday.

IMF for reining in rapid credit expansion

February 19, 2019 08:16 am

KATHMANDU, Feb 19: The International Monetary Fund (IMF) has warned that prolonged rapid credit expansion by Nepal’s bank and financial institutions over the last few years has likely led to a build up of credit and liquidity risk.

KATHMANDU, Dec 15: Montreal Convention, a law to address air route damages, comes into effect in Nepal from Saturday, paving the way for passengers of international flights to get insurance coverage of up to 113,100 Special Drawing Rights (SDR), or US$ 157,996 in current exchange rate, in case of death or injury.

PAKISTAN, Oct 12: Commenting on the news that Pakistan is to request a $7 billion bailout from the IMF, Tim Jones, economist at the Jubilee Debt Campaign said: “Pakistan has received IMF bailout loans for 33 of the last 46 years.

PAKISTAN, Oct 10: Pakistan's currency plunged by nearly 7 percent after the government said it would seek emergency bailout loans from the International Monetary Fund.

KATHMANDU, Oct 10: The International Monetary Fund (IMF) has kept economic growth projection for Nepal for the current Fiscal Year 2018/19 unchanged at 5 percent.

ARGENTINA, Sept 2: Argentina's Economy Minister Nicolas Dujovne heads to Washington on Monday to thrash out a hastily revised loan deal with the International Monetary Fund to help revive South America's second-largest economy.

Nepal ratifies Montreal Convention

August 24, 2018 07:53 am

KATHMANDU, Aug 24: The parliament ratified the Montreal Convention on Thursday, paving the way for passengers of international flights to get insurance coverage of up to 113,100 Special Drawing Rights (SDR), or US$ 157,996 in current exchange rate, in case of death or injury.

KATHMANDU, April 22: Nepali officials have made a briefing to the International Monetary Fund (IMF) about the country’s preparation and implementation of national anti-money laundering (AML) framework.

KATHMANDU, April 22: The International Monetary Fund (IMF) has said that Nepal needs to strengthen its key institutions and administrative capacity of the government to restore robust growth in the country.

KATHMANDU, Jan 21: The International Monetary Fund (IMF) has said that growth is expected to accelerate or remain broadly stable in South Asia except Nepal.

KATHMANDU, Oct 11: Following the World Bank and the Asian Development Bank, the International Monetary Fund (IMF) has also lowered the economic growth forecast for Nepal for the current Fiscal Year 2017/18.

KATHMANDU, July 15: Visiting senior officials of the International Monetary Fund (IMF) have welcomed the monetary policy unveiled by the Nepal Rastra Bank (NRB) for the upcoming fiscal year 2017/18.

Infographics: IMF on Indian Economy

June 25, 2017 00:05 am

IMF on Indian Economy

DUBAI, May 2: The International Monetary Fund said on Tuesday oil exporting countries in the Middle East continue to have the world's largest energy subsidy bill and that additional reforms are still needed to curb government spending.

KATHMANDU, April 22: The International Monetary Fund (IMF) has said the fiscal policy of Nepal should be oriented toward facilitating spending on post-earthquake reconstruction and infrastructure as quickly as possible.

WASHINGTON, April 20: World finance leaders are gathering on U.S. President Donald Trump's home turf on Thursday to try to nudge his still-evolving policies away from protectionism and show broad support for open trade and global integration.

ADB, IMF project economic rebound

March 28, 2017 21:30 pm

KATHMANDU, March 28: The Asian Development Bank (ADB) has projected that the country's economic growth will be between 5.2 to 6.2 percent in 2017.

KATHMANDU, Jan 24: Amid concerns that the decision to scrap high value Indian banknotes by the Indian government is also likely to weigh on economic growth of Nepal, the International Monetary Fund (IMF) has played down such risk.

WASHINGTON, DC, Oct 4: While the government says Nepal will achieve an economic growth of 6.5 percent in the current fiscal year, the International Monetary Fund on Tuesday projected that Nepal’s growth in the current fiscal year would rebound by only 4 percent.