On the Nepal leg of her South Asia visit, Kyte said, “IFC is confident that Nepal can further its sustainable economic growth by building infrastructure and developing sustainable tourism, which will promote small and medium enterprises and help create vibrant domestic markets.” [break]
She also expressed commitment to working with firms that serve the base of the pyramid with innovative products and financial services.
IFC has been offering its services to Nepal since the 1970s, both as a financer in developing and implementing private sector projects and as an advisor to small and medium enterprises to improve their ability to access finance and markets and operate more efficiently.
“Our past work in Nepal includes investments in hydropower and the financial sector. We are now working closely with the government and the private sector to facilitate reforms and create appropriate conditions for promoting growth, particularly among the country´s small and medium businesses,” said Tom Davenport, newly appointed IFC Director for South Asia.
Davenport stressed IFC´s strategic focus in promoting inclusive growth, addressing impacts of climate change, and facilitating global integration through enhanced trade in South Asia.
The IFC delegation, including IFC General Manager for Advisory Services Anil Sinha and IFC Resident Representative Rajeev Gopal, is meeting senior government officials and key private sector chiefs to discuss ways to advance development and growth.
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