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Nepal's Global IME Bank likely to get $56m from IFC

World Bank Group member proposes three-year U.S. dollar-denominated loan

Global IME Bank is the largest bank in Nepal, while IFC is a multinational lender and member of the Word Bank Group. (NIKKEI montage/Source photo Getty. Logos from Global IME Bank and IFC websites)
MARS W. MOSQUEDA JR., DealStreetAsia | South Asia

CEBU, Philippines -- World Bank Group member International Finance Corporation has proposed extending a $56 million loan to Global IME Bank, the largest lender in Nepal, according to a disclosure.

The proposed three-year U.S. dollar-denominated senior loan will be used exclusively for on-lending to small and medium-size enterprises in Nepal, IFC said.

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