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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Hydropower, renewable energy, infrastructure construction, manufacture, agriculture, and tourism sectors fall under Nepal’s priority sector lending. The bank has said that the funding will help with post-COVID recovery and to create jobs that will facilitate sustained inclusive growth across all segments of society in Nepal.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Srini Nagarajan, the managing director as well as the head of Asia at CDC Group, said that Nepal has always been a high priority country for CDC Group. Nagarajan also said that the CDC Group is committed to continue supporting the economic recovery and sustainable growth of Nepal. Nagarajan said, “Amidst slowdown in global capital flow due to the pandemic, this partnership signifies the vast opportunities in Nepal”.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Nicola Politt, the British Ambassador to Nepal, said that the UK has been supporting Nepal against the impacts of climate change and on post-Covid-19 recovery. She also added that this investment will increase access of domestic businesses to finance.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Hydropower, renewable energy, infrastructure construction, manufacture, agriculture, and tourism sectors fall under Nepal’s priority sector lending. The bank has said that the funding will help with post-COVID recovery and to create jobs that will facilitate sustained inclusive growth across all segments of society in Nepal.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Srini Nagarajan, the managing director as well as the head of Asia at CDC Group, said that Nepal has always been a high priority country for CDC Group. Nagarajan also said that the CDC Group is committed to continue supporting the economic recovery and sustainable growth of Nepal. Nagarajan said, “Amidst slowdown in global capital flow due to the pandemic, this partnership signifies the vast opportunities in Nepal”.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Nicola Politt, the British Ambassador to Nepal, said that the UK has been supporting Nepal against the impacts of climate change and on post-Covid-19 recovery. She also added that this investment will increase access of domestic businesses to finance.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Srini Nagarajan, the managing director as well as the head of Asia at CDC Group, said that Nepal has always been a high priority country for CDC Group. Nagarajan also said that the CDC Group is committed to continue supporting the economic recovery and sustainable growth of Nepal. Nagarajan said, “Amidst slowdown in global capital flow due to the pandemic, this partnership signifies the vast opportunities in Nepal”.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Nicola Politt, the British Ambassador to Nepal, said that the UK has been supporting Nepal against the impacts of climate change and on post-Covid-19 recovery. She also added that this investment will increase access of domestic businesses to finance.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Srini Nagarajan, the managing director as well as the head of Asia at CDC Group, said that Nepal has always been a high priority country for CDC Group. Nagarajan also said that the CDC Group is committed to continue supporting the economic recovery and sustainable growth of Nepal. Nagarajan said, “Amidst slowdown in global capital flow due to the pandemic, this partnership signifies the vast opportunities in Nepal”.</span></span></span></span></p>
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December 16: Global IME Bank is all set to borrow $25 million (almost Rs 3 billion) from CDC Group, a development finance institution based in the UK. An agreement to this effect was signed on Wednesday, December 15. As per the agreement, the fund needs to be invested in priority sector.
Ratna Raj Bajracharya, CEO of Global IME Bank, and Rabi Rayamajhi, country representative of CDC Group, signed the agreement amid a function. The bank stated that the borrowed amount will help increase the credit flow capacity during the time of liquidity crisis as well as mobilize resources for investment in priority sector specified by the government.
Hydropower, renewable energy, infrastructure construction, manufacture, agriculture, and tourism sectors fall under Nepal’s priority sector lending. The bank has said that the funding will help with post-COVID recovery and to create jobs that will facilitate sustained inclusive growth across all segments of society in Nepal.
Srini Nagarajan, the managing director as well as the head of Asia at CDC Group, said that Nepal has always been a high priority country for CDC Group. Nagarajan also said that the CDC Group is committed to continue supporting the economic recovery and sustainable growth of Nepal. Nagarajan said, “Amidst slowdown in global capital flow due to the pandemic, this partnership signifies the vast opportunities in Nepal”.
Ratna Raj Bajracharya, the CEO of Global IME Bank. expressed his excitement over the partnership and commented that the sanctioned amount would enhance and bolster the lending capacity to businesses across the key economic sectors that fall under priority sector lending.
Nicola Politt, the British Ambassador to Nepal, said that the UK has been supporting Nepal against the impacts of climate change and on post-Covid-19 recovery. She also added that this investment will increase access of domestic businesses to finance.
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Nicola Politt, the British Ambassador to Nepal, said that the UK has been supporting Nepal against the impacts of climate change and on post-Covid-19 recovery. She also added that this investment will increase access of domestic businesses to finance.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Nicola Politt, the British Ambassador to Nepal, said that the UK has been supporting Nepal against the impacts of climate change and on post-Covid-19 recovery. She also added that this investment will increase access of domestic businesses to finance.</span></span></span></span></p>
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