(AGENPARL) – mar 28 febbraio 2023 [Mission Concluding Statements](http://www.imf.org/cgi-shl/create_x.pl?ms)
[Open in your browser](https://www.imf.org/en/News/Articles/2023/02/28/mcs-022823-nepal-imf-reaches-sla-first-second-reviews-under-ecf-concludes-2023-art-iv-consultation?cid=em-COM-123-46176)
https://www.imf.org/en/News/Articles/2023/02/28/mcs-022823-nepal-imf-reaches-sla-first-second-reviews-under-ecf-concludes-2023-art-iv-consultation?cid=em-COM-123-46176
[Nepal: IMF Reaches Staff-Level Agreement on the First and Second Reviews under the Extended Credit Facility and Concludes the 2023 Article IV Consultation](https://www.imf.org/en/News/Articles/2023/02/28/mcs-022823-nepal-imf-reaches-sla-first-second-reviews-under-ecf-concludes-2023-art-iv-consultation?cid=em-COM-123-46176)
FEBRUARY 28, 2023
https://www.imf.org/en/News/Articles/2023/02/28/mcs-022823-nepal-imf-reaches-sla-first-second-reviews-under-ecf-concludes-2023-art-iv-consultation?cid=em-COM-123-46176
IMF staff and the Nepal authorities have reached staff-level agreement on the policies needed to complete the combined first and second reviews of the ECF arrangement. Nepal would have access to about US$52 million in financing once the review is formally approved by the Executive Board. Following a strong post-pandemic recovery, real GDP growth is softening, reflecting the impact of external shocks and necessary policy adjustment. The much-needed monetary policy tightening last year helped stabilize the external position and is contributing to lower inflation, while the recent mid-year budget review is expected to address near-term fiscal risks stemming from lower-than-expected revenue growth. Sustainable medium-term growth will require fiscal reforms in line with debt sustainability, advancing reforms on banking regulations and supervision, reducing the cost of doing business and barriers to FDI and enhancing governance.
[READ MORE](https://www.imf.org/en/News/Articles/2023/02/28/mcs-022823-nepal-imf-reaches-sla-first-second-reviews-under-ecf-concludes-2023-art-iv-consultation?cid=em-COM-123-46176)
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