Nepal: World Bank Provides $150M to Strengthen Country's Financial Sector

Source: The Himalayan

The World Bank's board of executive directors have approved a $150 million "Finance for Growth" development policy credit to strengthen financial sector stability, diversify financial solutions, and increase access to financial services in support of Nepal's green, resilient, and inclusive development.

"A well-functioning financial system is a key enabler for the mobilization of private investment and driver of economic activity," stated Faris Hadad-Zervos, World Bank country director for Nepal, Maldives and Sri Lanka.