The Nepal Infrastructure Bank (NIRFA) has signed a memorandum of understanding (MoU) with the IFC to help prepare PPP projects in the country.
According to the IFC, the agreement will help to “accelerate the pace of investment in the infrastructure sector by bridging the gap in financial and technical resources”.
The multilateral will help with all stages of PPPs including project identification, structuring and bidding.
IFC Nepal representative Babacar S. Faye said that the partnership “will help to further develop the PPP ecosystem in Nepal while contributing towards mobilising more private capital and expertise, particularly for critical infrastructure projects”.
Earlier this year, Nepal and the UK signed an agreement to work together on projects and increase investment into its infrastructure. The USA is also working with the country.