Nepal concludes IMF-supported reform program with record reserves and disinflation

Nepal has successfully exited its first IMF-supported program in nearly two decades, achieving a significant reduction in inflation to 1.7% and expanding foreign exchange reserves to over twelve months of import cover. The fiscal deficit has narrowed, marking a stabilization of the country's macroeconomic position compared to the 7.7% inflation average recorded at the program's inception in 2022.