The International Monetary Fund has approved the immediate disbursement of approximately UD42.05 million to help Nepal address the effects of the global economic crisis. The funds will be available through IMF’s Rapid Credit Facility, which is designed to extend speedy and flexible financial assistance to low-income countries with urgent balance of payments need.
Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).
About the author
Ivy Mungcal
As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.
