Kathmandu, Nov. 3
NMB Bank
Limited has signed a Letter of Cooperation with USAID Trade and Competitiveness for
facilitating Green Financing, climate
financing, and foreign and domestic investment.
The bank under the arrangement shall provide
access to finance for the micro, small and medium sized enterprises (MSMEs) in
a sustainable manner, it said in a statement on Thursday.
The partnership shall promote the integration of
women, youth, and marginalised groups into markets to participate in economic
opportunities with agriculture, tourism and digital services with primary focus.
USAID Trade and Competitiveness is a five-year US$18.9
million activity to enable Nepal to capitalise on global integration to
diversify toward higher quality and higher value exports, foster sustainable
job growth and Income-generating opportunities for those that have previously
been left behind by economic growth, and create greater sustainability and
resiliency, read the statement.
Deloitte Consulting LLP is implementing the activity
in partnership with J.E Austin, South Asia Watch on Trade, Economics, and
Environment (SAWTEE) and Deloitte, Touche, and Tohmatsu India (DTTI).
NMB Bank is currently providing its services through
201 branches, 138 ATMs and 11 extension counters.
Published in The Rising Nepal daily on 4 November 2022.
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