Kathmandu, June 4 -- The International Finance Corporation (IFC) of the World Bank Group is investing $10million in the Dolma Impact Fund II tofinancesmall and medium sized enterprises,in health care, renewable energy, technology, and other critical sectors, vital to Nepal's post-pandemicrecovery.SMEs contribute 20% of Nepal's GDP and create over 60% of jobs but only 39% of them have access to finance.

"Private equity fundslike Dolmacan be an important source of capital and expertise forNepali firmsthat have potential to grow, including those struggling to deal with the impacts of the pandemic," says IFCResident Representative in Nepal, Babacar S. Faye.

Published by HT Digital Content Services with permission from Nepali Times....