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IMF approves $41.3 mln disbursement to Nepal following fourth review of exetended credit facility

KATHMANDU: The Executive Board of the International Monetary Fund (IMF) has completed the fourth review under the four-year Extended Credit Facility (ECF) for Nepal, allowing the authorities to withdraw the equivalent of special drawing right (SDR) 31.4 million (approximately US$ 41.3 million). This latest approval brings total disbursements under...

IMF approves $41.3 mln disbursement to Nepal following fourth review of exetended credit facility
Nabil Bank risking consumer saving, under scrutiny for financing CG Motors’ KYC EV vans: ethical concerns raised

Nabil Bank risking consumer saving, under scrutiny for financing CG Motors’ KYC EV vans: ethical concerns raised

Nepal Rastra Bank signs $51.58 million deal with chinese firm for banknote printing

Nepal Rastra Bank signs $51.58 million deal with chinese firm for banknote printing

Governor Maha Prasad Adhikari Appears Before Committee Investigating Cooperative Scandal

Governor Maha Prasad Adhikari Appears Before Committee Investigating Cooperative Scandal

BFIs Accumulate Rs 793 Billion in Loanable Funds Amid Low Credit Demand

BFIs Accumulate Rs 793 Billion in Loanable Funds Amid Low Credit Demand

Global IME Bank joins NAS-IT as a sustainability partner to propel Nepal’s tech industry growth

Global IME Bank joins NAS-IT as a sustainability partner to propel Nepal’s tech industry growth

Global IME Bank and Bhumi Developers sign agreement for green housing loan

Global IME Bank and Bhumi Developers sign agreement for green housing loan

Global IME Bank conducts financial literacy program through 233 branches

Global IME Bank conducts financial literacy program through 233 branches

NRB Simplifies Dividend Repatriation for Foreign Companies in Nepal

NRB Simplifies Dividend Repatriation for Foreign Companies in Nepal

Nepal Rastra Bank Eases Cross-Border QR Code Transactions with India

Nepal Rastra Bank Eases Cross-Border QR Code Transactions with India

OPEC Fund provides $25 mln loan to Global IME Bank to support small businesses and enhance climate resilience in Nepal

OPEC Fund provides $25 mln loan to Global IME Bank to support small businesses and enhance climate resilience in Nepal

NRB to draft 2024-25 Monetary Policy with focus on new generation’s reform programs

NRB to draft 2024-25 Monetary Policy with focus on new generation’s reform programs

House of Representatives Passes Appropriation Bill, 2081 with Majority Vote

House of Representatives Passes Appropriation Bill, 2081 with Majority Vote

Sadhain ON Ncell App Adds Payment Feature via Machhapuchchhre Bank

Sadhain ON Ncell App Adds Payment Feature via Machhapuchchhre Bank

Central bank flags rising risks in Nepal’s banking sector

Central bank flags rising risks in Nepal’s banking sector

Tourism sector attracts nearly half of Nepal’s FDI in 2023-24

Tourism sector attracts nearly half of Nepal’s FDI in 2023-24

Global IME Bank’s New ATM at Tribhuvan International Airport

Global IME Bank’s New ATM at Tribhuvan International Airport

Sislen appointed as World Bank country director for Nepal, Maldives and Sri Lanka

Sislen appointed as World Bank country director for Nepal, Maldives and Sri Lanka

World Bank Senior Managing Director to Visit Nepal

World Bank Senior Managing Director to Visit Nepal

Commercial Banks Reduce Interest Rates for Ashadh

Commercial Banks Reduce Interest Rates for Ashadh

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