World Bank Approves $95 Million to Support Sustainable and Inclusive Finance
Nepal, Feb. 2 -- The World Bank's Board of Executive Directors approved a $95 million operation to help expand access to finance for more than 100,000 small and medium enterprises (SMEs) and promote job-led growth in Nepal. The Sustainable and Inclusive Finance Project (SIF) builds on reforms supported under the World Bank financed Financial Sector Stability and Finance for Growth Development Policy Credit (DPC) series, concluded in 2024, which prioritized access to finance for underserved segments as a key pillar.Complementing these efforts, the project will invest in technology and institutional capacity of the Credit Information Bureau of Nepal (CIBN) to expand data coverage, integrate alternative data sources, and enhance data security ...
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