Alexander Pitt, resident representative of International Monetary Fund (IMF) is going to be the last resident representative of IMF for Nepal after his term expires on October 31.
"My term as IMF resident representative in Nepal will end on October 31," he said adding that after that the IMF will maintain a locally staffed office in the Nepal Rastra Bank but the IMF’s resident representative in New Delhi will oversee the Nepal operations.
Issuing a press note here today, Pitt said that the decision was made in the context of the Fund’s reorientation towards a more regional focus, its efforts to strengthen surveillance with an increased focus on multilateral aspects, and budgetary considerations.
"I would like to stress that this decision is completely unrelated to the current political or economic situation in Nepal, and will have no impact on the IMF’s relations with Nepal and on the work that we do on the country," he tried to assure.
In particular, this will not adversely affect ongoing discussions with the government and NRB on a possible Fund-supported programme and a mission will visit to Nepal in September.