KATHMANDU, Oct 11: Global IME Bank is set to obtain a $25 million loan from the Climate Fund to further its investment in clean energy initiatives. This substantial loan will help enhance the bank's lending capacity and foster its support for energy efficiency projects as well as renewable energy ventures.

OTTAWA, Oct 26: Developed nations are set to be three years late meeting a pledge to commit a total of $500 billion to help poorer countries tackle climate change and realize this has damaged mutual trust, Alok Sharma, the president of the upcoming COP26 climate conference, said on Monday.