Nepal ESRM (IFC-600378)

Countries
  • Nepal
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 28, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Climate and Environment
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 0.31 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 4, 2017

Disclosed by Bank Aug 25, 2016


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Project Description
This project aims to support the adoption of Environmental and Social Risk Management practices and standards through the implementation of Environmental and Social Risk Management Guideline by the financial institutions in Nepal. The main areas of focus for the project will be: <br> <br>1. Supporting the Client to develop comprehensive ESRM Guideline for the financial sector and a monitoring tool to assess Banks and Financial Institutions (BFIs) adherence to ESRM Guideline; <br>2. Building awareness on environmental and social risk issues and developing local ESRM technical resources through a Training of Trainers (TOT) program to ensure program sustainability.
People Affected By This Project
The expected development impact of the advisory services is to promote adoption of Environmental and Social Risk Management (ESRM) standards and practices by the financial sector of Nepal through enhancing the banking regulatory and institutional frameworks to create a market driver and develop market and institutional capacity on ESRM implementation.
Investment Description
Estimated Total Budget $313,889.00 (Project budget includes all project-funded activities)

Contact Information
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