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BUSINESS BRIEFS: IFC partners with CEDBL

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KATHMANDU, April 19: IFC, a member of the World Bank Group, is partnering with Nepal´s Clean Energy Development Bank Ltd (CEDBL) to help the bank increase its finance for sustainable energy and energy efficiency projects.



According to the press release received on Monday, IFC is advising CEDBL to adopt an approach to help the bank identify opportunities for renewable energy and energy efficiency financing in Nepal. [break]



“IFC´s assistance will include training for staff to improve their skills when evaluating proposals on energy efficiency and renewable energy financing,” the statement added.



The SouthAsia Enterprise Development Facility, managed by IFC in partnership with the United Kingdom´s Department for International Development and the Norwegian Agency for Development Cooperation, is providing advisory support to the bank and the financial sector to train bankers on energy efficiency and renewable energy financing.





NIBL to support Everest cleanup campaign



KATHMANDU, April 19: An all-Nepali team of 31 Sherpas is taking part in the Everest Cleanup project to clear more than 2000 kg of garbage from the treacherous region above 8,000 meters, setting a remarkable example for all Nepali to take an initiative to help clean the country.



Nepal Investment Bank Ltd has been involved in this noble cause. The campaign is supported by Hulas Steel Industries Limited, Nepal Mountaineering Association, The Himalayan Times, Hotel Association Nepal, Surya Nepal, Everest Insurance, Ace Development Bank, Be Human Nepal, Chaudhary Group, The North Face, Himalayan Paint House, and Friends of the Himalayas, a statement received on Monday stated.



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