Project Category
Project Category
Banking, Finance and Insurance
Project Description
Project Description
The proposed investment, Nepal Liquidity Facility (NLF) is IFC`s early response to the catastrophic earthquake which severely affected Nepal recently. It seeks to provide financing to local financial institutions to help alleviate the working capital needs of small and medium enterprises ("SME"). IFC`s immediate intervention is aimed to mitigate the disruptions in operational activities and supply chains of SMEs and to restore supplies of key goods and services in the country.NLF`s total size is up to US$70 million for IFC`s own account and would comprise of the individual credit facility to eligible banks in Nepal. The tenor of each facility is up to one year, with a maturity extension trigger for two additional one-year periods. NLF will be initially focused on providing support to the existing IFC clients in Nepal.
Our Reference Number
Our Reference Number
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