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 2025-12-06
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.