UNDP Nepal Partners with NMB Bank to Advance Sustainable Financing
Kathmandu – In a groundbreaking collaboration, the United Nations Development Programme (UNDP) Nepal and NMB Bank have signed a Memorandum of Understanding (MoU) to foster an enabling environment for the private sector to issue thematic bonds. This initiative is a significant step toward advancing sustainable financing solutions in Nepal, aligning with global efforts to address climate challenges and bolster economic resilience.
The partnership comes at a critical time as Nepal prepares for its graduation from the Least Developed Country (LDC) status in 2026. By creating avenues for innovative financial mechanisms such as thematic bonds, the collaboration aims to bridge the financing gap to achieve Nepal’s Sustainable Development Goals (SDGs) by 2030.
“This partnership symbolizes our shared commitment to advancing sustainable financing solutions that drive climate action and economic resilience,” said Kyoko Yokosuka, Resident Representative of UNDP Nepal.
Furthermore, the MoU not only emphasizes the issuance of thematic bonds but also establishes a mutual learning platform between UNDP Nepal and NMB Bank. This platform will facilitate the exchange of knowledge and expertise, strengthening Nepal’s green finance framework and setting a benchmark for similar initiatives across the region.
Sunil KC, Chief Executive Officer of NMB Bank, expressed the transformative potential of this collaboration, stating, “This partnership represents a significant step toward transforming Nepal’s financial landscape. The thematic bond will mobilize much-needed green investments, positioning Nepal as a leader in sustainable financing in the region.”
This initiative underscores the pivotal role of public-private partnerships in achieving sustainable development goals and aligning with global commitments such as the Paris Agreement. By leveraging the expertise of both UNDP Nepal and NMB Bank, the partnership is expected to pave the way for innovative financial solutions that address climate challenges while promoting long-term economic stability.