Nepal



Nepal is a priority country for IFC, with efforts focused on boosting inclusive and sustained growth and helping deal with the impacts of the COVID-19 pandemic.

In line with that, in the financial year ending June 2022, IFC invested $45 million in two premier Nepali banks in a bid to reach over 30,000 small and medium sized enterprises (SMEs) by 2023– a key engine of growth in Nepal. IFC also extended a trade finance facility as part of Global Trade Finance Program (GTFP), which includes a special provision for green trade financing. This is the first Green GTFP for IFC globally.

IFC has played an active role in numerous other areas, vital for Nepal’s growth, including tourism, agribusiness, transportation, trade finance, small businesses, and private equity and venture funds. IFC also works closely with the government of Nepal to help create an enabling business environment in the country.

We have invested in Nepal since 1975—creating opportunities where it is needed the most. As of June 2022, IFC’s committed portfolio is over:

$600 million


STORIES OF IMPACT


Creating opportunities through sustainable hydropowerWith over 6,000 rivers and streams, Nepal has an enormous potential for hydropower. However, energy shortages are chronic. Now, the power of Nepal's Trishuli River will be harnessed to create a 216-megawatt run-of-river hydropower project  supported by the IFC. When completed, it will generate electricity sufficient to supply up to 9 million people.



Adapting to new demands in the COVID-19 crisisGandaki Urja, Nepal’s largest commercial biogas plant, supported by IFC-backed private equity and climate-focused fund, was helping its clients, mostly restaurants in western Nepal, get access to clean cooking fuel. With the COVID-19 crisis adversely impacting the service industry, the plant was almost at the brink of closure. Today, Gandaki Urja is working with clients like hospitals and farmers that are saving lives and feeding people in the pandemic.

 Published in August 2022