The Central Bank of Nepal has signed a memorandum of understanding with the International Finance Corporation (IFC) under which IFC will provide technical assistance to support the development of climate finance in Nepal, including a climate finance strategy and an implementation roadmap. The work programme includes preparing a framework to support phased implementation of the strategy and delivering training and capacity-building activities for the Central Bank of Nepal and the broader financial sector. The initiative is intended to help address climate-related financial risks and promote the mobilisation of financial resources for climate adaptation. The project is set to run until September 2028.
Central Bank of Nepal signs MoU with IFC to develop a climate finance strategy and phased implementation roadmap through September 2028
The Central Bank of Nepal has signed a memorandum of understanding with the International Finance Corporation to develop climate finance in Nepal. The initiative includes creating a climate finance strategy, an implementation roadmap, and providing training and capacity-building for the Central Bank and the financial sector to address climate-related financial risks.