Our first direct investment in Nepal, in 2018 we provided a $15 million, three-year loan to NMB to allow it to grow its lending to key sectors of the Nepalese economy, including infrastructure, agriculture and foreign currency-earning sectors such as tourism and hydropower projects.
This is only the second debt investment in the Nepalese banking sector since regulatory reforms were introduced in 2018. Previously, Nepalese banks had been constrained in raising capital from foreign investors due to restrictions on borrowing in foreign currency. As well as allowing NMB to focus on growing its proportion of loans to micro, small and medium-sized businesses (MSMEs) in the coming years, our investment should help increase foreign investors’ confidence in coming to Nepal.
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- South Asia
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.
- Financial services
- Investment type
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Direct Debt
For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).
For funds, this is the total amount that CDC has committed to the fund.
This is the investee company’s place of incorporation; or a fund’s jurisdiction.