KATHMANDU, April 11, 2013
International Finance Corporation (IFC), a member of the World Bank Group, has launched a training initiative for banks in Nepal, helping them address the financing needs of small and medium enterprises (SMEs) so that they can expand operations and contribute to the country´s economic growth.
IFC will train officials of Nepal´s commercial and development banks in portfolio monitoring, non-performing loan management and help them sharpen their skills to exploit the huge market potential in financing small businesses in Nepal.
The South Asia Enterprise Development Facility, managed by IFC in partnership with the UK Government and the Norwegian Agency for Development Cooperation, is implementing the program.
“IFC´s training program is a timely and practical initiative that will guide bankers on how to cater to the specific needs of small and medium enterprises effectively,” said Rajan Singh Bhandari, president of Nepal Bankers´ Association in the statement.
The training is part of IFC´s broader support to the financial sector in Nepal. IFC´s Access to Finance program facilitates the growth of small and medium enterprises in Nepal, helping enhance their financing options through a supportive financial infrastructure, including institutions, financial product development, and improved payment regulations, said the statement.
Source: Republica
International Finance Corporation (IFC), a member of the World Bank Group, has launched a training initiative for banks in Nepal, helping them address the financing needs of small and medium enterprises (SMEs) so that they can expand operations and contribute to the country´s economic growth.
IFC will train officials of Nepal´s commercial and development banks in portfolio monitoring, non-performing loan management and help them sharpen their skills to exploit the huge market potential in financing small businesses in Nepal.
The South Asia Enterprise Development Facility, managed by IFC in partnership with the UK Government and the Norwegian Agency for Development Cooperation, is implementing the program.
“IFC´s training program is a timely and practical initiative that will guide bankers on how to cater to the specific needs of small and medium enterprises effectively,” said Rajan Singh Bhandari, president of Nepal Bankers´ Association in the statement.
The training is part of IFC´s broader support to the financial sector in Nepal. IFC´s Access to Finance program facilitates the growth of small and medium enterprises in Nepal, helping enhance their financing options through a supportive financial infrastructure, including institutions, financial product development, and improved payment regulations, said the statement.
Source: Republica
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