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<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Amending the Guidelines on Environment and Social Risk Management (ESRM) for Banks and Financial Institutions on Sunday, Nepal Rastra Bank (NRB) has made it mandatory for BFIs to analyze such risks.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A notice issued by the central bank states that commercial banks, development banks and finance companies need to analyze the risk posed by climate change.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Amending the Guidelines on Environment and Social Risk Management (ESRM) for Banks and Financial Institutions on Sunday, Nepal Rastra Bank (NRB) has made it mandatory for BFIs to analyze such risks.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A notice issued by the central bank states that commercial banks, development banks and finance companies need to analyze the risk posed by climate change.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Prior to this, banks had to analyze only the environmental and social risks. Now, they have been instructed to make assessment of risk posed by climate change as well, informed Dev Kumar Dhakal, executive director of Nepal Rastra Bank.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Of late, lots of incidents related to climate change are occurring in Nepal. Taking this into consideration, the central bank has instructed BFIs to make assessment of risk posed by climate change.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Climate change has had negative impact on hydropower projects and agriculture sector of Nepal. Flash floods triggered by climate change have been damaging infrastructures of hydropower projects. Similar problems have surfaced in the agriculture sector. BFIs have been providing considerable amount of loans to these sectors. Therefore, the central bank argues that BFIs need to make proper assessment of risk posed by climate change.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Amending the Guidelines on Environment and Social Risk Management (ESRM) for Banks and Financial Institutions on Sunday, Nepal Rastra Bank (NRB) has made it mandatory for BFIs to analyze such risks.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A notice issued by the central bank states that commercial banks, development banks and finance companies need to analyze the risk posed by climate change.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Prior to this, banks had to analyze only the environmental and social risks. Now, they have been instructed to make assessment of risk posed by climate change as well, informed Dev Kumar Dhakal, executive director of Nepal Rastra Bank.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Of late, lots of incidents related to climate change are occurring in Nepal. Taking this into consideration, the central bank has instructed BFIs to make assessment of risk posed by climate change.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Amending the Guidelines on Environment and Social Risk Management (ESRM) for Banks and Financial Institutions on Sunday, Nepal Rastra Bank (NRB) has made it mandatory for BFIs to analyze such risks.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A notice issued by the central bank states that commercial banks, development banks and finance companies need to analyze the risk posed by climate change.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Of late, lots of incidents related to climate change are occurring in Nepal. Taking this into consideration, the central bank has instructed BFIs to make assessment of risk posed by climate change.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Amending the Guidelines on Environment and Social Risk Management (ESRM) for Banks and Financial Institutions on Sunday, Nepal Rastra Bank (NRB) has made it mandatory for BFIs to analyze such risks.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A notice issued by the central bank states that commercial banks, development banks and finance companies need to analyze the risk posed by climate change.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Of late, lots of incidents related to climate change are occurring in Nepal. Taking this into consideration, the central bank has instructed BFIs to make assessment of risk posed by climate change.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Amending the Guidelines on Environment and Social Risk Management (ESRM) for Banks and Financial Institutions on Sunday, Nepal Rastra Bank (NRB) has made it mandatory for BFIs to analyze such risks.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Amending the Guidelines on Environment and Social Risk Management (ESRM) for Banks and Financial Institutions on Sunday, Nepal Rastra Bank (NRB) has made it mandatory for BFIs to analyze such risks.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A notice issued by the central bank states that commercial banks, development banks and finance companies need to analyze the risk posed by climate change.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Of late, lots of incidents related to climate change are occurring in Nepal. Taking this into consideration, the central bank has instructed BFIs to make assessment of risk posed by climate change.</span></span></span></span></p>
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February 14: Banks and Financial Institutions (BFIs) will have to analyze the risk posed by climate change from now onwards.
Amending the Guidelines on Environment and Social Risk Management (ESRM) for Banks and Financial Institutions on Sunday, Nepal Rastra Bank (NRB) has made it mandatory for BFIs to analyze such risks.
A notice issued by the central bank states that commercial banks, development banks and finance companies need to analyze the risk posed by climate change.
Prior to this, banks had to analyze only the environmental and social risks. Now, they have been instructed to make assessment of risk posed by climate change as well, informed Dev Kumar Dhakal, executive director of Nepal Rastra Bank.
Of late, lots of incidents related to climate change are occurring in Nepal. Taking this into consideration, the central bank has instructed BFIs to make assessment of risk posed by climate change.
Climate change has had negative impact on hydropower projects and agriculture sector of Nepal. Flash floods triggered by climate change have been damaging infrastructures of hydropower projects. Similar problems have surfaced in the agriculture sector. BFIs have been providing considerable amount of loans to these sectors. Therefore, the central bank argues that BFIs need to make proper assessment of risk posed by climate change.
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<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Amending the Guidelines on Environment and Social Risk Management (ESRM) for Banks and Financial Institutions on Sunday, Nepal Rastra Bank (NRB) has made it mandatory for BFIs to analyze such risks.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Of late, lots of incidents related to climate change are occurring in Nepal. Taking this into consideration, the central bank has instructed BFIs to make assessment of risk posed by climate change.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Amending the Guidelines on Environment and Social Risk Management (ESRM) for Banks and Financial Institutions on Sunday, Nepal Rastra Bank (NRB) has made it mandatory for BFIs to analyze such risks.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A notice issued by the central bank states that commercial banks, development banks and finance companies need to analyze the risk posed by climate change.</span></span></span></span></p>
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'summary' => 'February 14: Banks and Financial Institutions (BFIs) will have to analyze the risk posed by climate change from now onwards.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">February 14: Banks and Financial Institutions (BFIs) will have to analyze the risk posed by climate change from now onwards.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Amending the Guidelines on Environment and Social Risk Management (ESRM) for Banks and Financial Institutions on Sunday, Nepal Rastra Bank (NRB) has made it mandatory for BFIs to analyze such risks.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A notice issued by the central bank states that commercial banks, development banks and finance companies need to analyze the risk posed by climate change.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Prior to this, banks had to analyze only the environmental and social risks. Now, they have been instructed to make assessment of risk posed by climate change as well, informed Dev Kumar Dhakal, executive director of Nepal Rastra Bank.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Of late, lots of incidents related to climate change are occurring in Nepal. Taking this into consideration, the central bank has instructed BFIs to make assessment of risk posed by climate change.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Climate change has had negative impact on hydropower projects and agriculture sector of Nepal. Flash floods triggered by climate change have been damaging infrastructures of hydropower projects. Similar problems have surfaced in the agriculture sector. BFIs have been providing considerable amount of loans to these sectors. Therefore, the central bank argues that BFIs need to make proper assessment of risk posed by climate change.</span></span></span></span></p>
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