Kathmandu. NMB Bank Limited and International Centre for Integrated Mountain Development (ICIMOD) have signed a Memorandum of Understanding (MoU) with an aim to promote sustainable and climate development. The partnership aims to combine science-based knowledge and solutions with financing opportunities to make the green financing sector more effective in Nepal.

Under this collaboration, ICIMOD’s research, technical know-how and capacity building experience will be combined with NMB Bank Limited’s expertise in the financial sector. This is expected to help identify sustainable projects and investment opportunities that can protect the environment, mitigate the effects of climate change and enhance the resilience of local communities.

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