Kathmandu, May 9:
The International
Centre for Integrated Mountain Development (ICIMOD) and NMB Bank on Wednesday
signed a Memorandum of Understanding (MoU) to provide the mountain communities
in Nepal better access to finance.
The two organisations
will collaborate in three broad areas – access to finance, impact investment
and corporate social responsibility (CSR).
Director General of
ICIMOD Dr. David Molden and Chief Executive Officer of NMB Bank Sunil KC signed
the MoU on behalf of their respective organisations.
"NMB and ICIMOD
hope to build on each other's network and strength to foster cooperation and
contribute to sustainable mountain and socio-economic development in Nepal
through knowledge intervention and business promotion," reads a statement
issued by the ICIMOD.
Dr. Molden said that
the ICIMOD recognised NMB as a strategic private sector partner that can
provide communities much needed access to finance for sustainable livelihoods
and the success of interventions in the country.
"ICIMOD is
increasing stepping up to work closely with private sector organisations in
Nepal and other regional member countries of the Hindu-Kush Himalayan region.
We see that there is a synergy in businesses and would like to engage in a
meaningful partnership with NMB Bank to enhance our impact on mountain
communities," he said.
KC said that NMB
believed that investing in real economies was pertinent to the long-term
economic sustainability of Nepal.
Published in The Rising Nepal daily on May 10, 2018.
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