The Town Development Fund of Nepal organized a national conference on Municipal Finance jointly with the Ministry of Federal Affairs and Local Development (MoFALD) and the Ministry of Urban Development (MoUD) that took place on December 20 in Kathmandu at Hotel Annapurna.
In Nepal, shifting the transfer of social security allowances from manual to digital means will lead to significant savings and increased efficiency. Savings will enable the Government to put more resources into health and education.
In this issue we have partnered with the United Nations Capital Development Fund (UNCDF) to bring forward the issue of Access to Finance and Financial Inclusion in Nepal. This builds on the work that beed management undertook in Nepal on Making Access Possible (MAP). We are grateful to Judith Karl, Executive Secretary of UNCDF for her interview. We would also like to express our sincerest gratitude to Dr. Binod Atreya, Dr. Chiranjibi Nepal, Catherine Denoon-Stevens, Kamneshnee Naidoo and Ujjwal Pokhrel for their contributions to this special issue of nefport.
Nepal is a newcomer to the digital financial services (DFS) space, with most efforts being small scale with branchless banking deployments.
Most banks simply lack a long-term vision to create alternate distribution channels to reach the ‘last mile,’ and a large portion of their efforts to date have been driven by interventions from development agencies. Nepal’s economy has been affected significantly by the earthquake of April 2015 as well as the political unrest that occurred during most of the second half of 2015.
A memorandum of understanding (MOU) was signed between the United Nations Capital Development Fund (UNCDF) and the International Centre for Integrated Mountain Development (ICIMOD) on 14 July at ICIMOD’s headquarters in Nepal. Judith Karl, Executive Secretary, UNCDF and David Molden, Director General, ICIMOD signed the MOU in the presence of delegates from UNCDF and colleagues from ICIMOD.
Nepal Rastra Bank, the UN Capital Development Fund (UNCDF), and the United Nations Development Programme (UNDP) jointly launched the findings from the supply side study and roadmap for financial inclusion in Nepal. The findings were released in a national conference, which was jointly inaugurated by Honourable Dr. Yuba Raj Khatiwada, Vice Chairperson of the National Planning Commission; Dr.
UNNATI-A2F Nepal organized a 5-day training of trainers (ToT) on Agriculture Value Chain Finance (AVCF) for Banks and Financial Institutions (BFIs)s in Kathmandu from 27 June to 1 July 2016. The training was facilitated by Practical Action Consulting, a well-experienced training institute on AVCF. Representatives from eleven commercial banks, nine Microfinance Institutions and Management Contractor of UNNATI programme have participated in the training.
Large parts of the rural areas of Nepal are still not connected to electricity, especially through the national grid. Therefore, both the government and the private sector are making attempts to supply renewable and alternative energy sources to such areas.
The “Learning and Sharing Workshop, Cleanstart Project - Nepal” has been successfully organized in joint collaboration with the Alternative Energy Promotion Center (AEPC) and the UN Capital Development Fund (UNCDF) in Kathmandu on the 23rd of May 2016. The workshop was facilitated by Winrock International.