Deal signed for green financing

By A Staff Reporter

Kathmandu, Nov. 5: 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 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.