IFC will train officials of Nepal´s commercial and development banks in portfolio monitoring, non-performing loan management and help them sharpen their skills to exploit the huge market potential in financing small businesses in Nepal. [break]
The South Asia Enterprise Development Facility, managed by IFC in partnership with the UK Government and the Norwegian Agency for Development Cooperation, is implementing the program.
“IFC´s training program is a timely and practical initiative that will guide bankers on how to cater to the specific needs of small and medium enterprises effectively,” said Rajan Singh Bhandari, president of Nepal Bankers´ Association in the statement.
The training is part of IFC´s broader support to the financial sector in Nepal. IFC´s Access to Finance program facilitates the growth of small and medium enterprises in Nepal, helping enhance their financing options through a supportive financial infrastructure, including institutions, financial product development, and improved payment regulations, said the statement.
Related story
Lending slows as banks focus on recovery of loans at fiscal yea...
