Banking News – A memorandum of understanding (MoU) has been signed between NMB Bank Limited and the International Centre for Integrated Mountain Development (ICIMOD) with the objective of promoting sustainable and climate development. This partnership aims to connect science-based knowledge and solutions with financial opportunities to make the green financing sector in Nepal more effective.

Under this collaboration, ICIMOD’s research, technical knowledge, and capacity development experience will be linked with NMB Bank Limited’s expertise in the financial sector. This is expected to help identify sustainable projects and investment opportunities that can contribute to environmental protection, mitigation of climate change impacts, and increasing the resilience of local communities.

NMB Bank Limited has been continuously advancing environment-friendly and responsible financial practices, prioritizing sustainable and green banking. It is believed that this partnership between the bank and ICIMOD will further strengthen collaboration between science, finance, and sustainable development, contributing to long-term and environment-friendly economic development in Nepal.