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IFC, a member of the World Bank Group, is partnering with Nepal Rastra Bank (NRB), the central monetary authority of Nepal, to help the bank adopt improved environmental and social risk management practices to strengthen their portfolio performance, generate business opportunities and boost competitiveness in the region.
Improved risk management practices will help minimize potential risks for financial institutions and will create increased access to financing for businesses with strong environment and social performance.
As part of this program, IFC will assist NRB in adopting a robust Environmental and Social Risk Management Guideline and promoting its adoption by financial institutions in Nepal. At a workshop held today in Kathmandu, senior representatives from government, the financial sector, and international organizations...