Swiss Investment Fund for Emerging Markets invests $10 million in GIBL
The investment will be utilized by the bank to bolster financial inclusion, foster competitiveness in the market, improve financial integration, and create employment opportunities, particularly in agriculture, small, micro, and medium enterprises.
KATHMANDU: The Swiss Investment Fund for Emerging Markets is set to invest 10 million US dollars to Global IME Bank Limited (GIBL).
In a related agreement, signed by Ratnaraj Bajracharya, CEO of GIBL, and George Friden, Chair of the Swiss Investment Fund for Emerging Markets, the investment aims to enhance financial access in agriculture, small, micro, and medium enterprises.
The investment will be utilized by the bank to bolster financial inclusion, foster competitiveness in the market, improve financial integration, and create employment opportunities, particularly in agriculture, small, micro, and medium enterprises.
The collaboration between Swiss Investment Fund for Emerging Markets and GIBL signals confidence in supporting the development of agriculture, small, micro, and medium enterprises in Nepal.
The Swiss Embassy in Nepal expressed satisfaction in its official social media channels, stating pleasure in collaborating with one of Nepal’s major banks to cooperate in expanding agriculture, small, micro, and medium enterprises in Nepal.
