IFC proposes $55m debt funding for Nepal's Siddhartha Bank

IFC proposes $55m debt funding for Nepal's Siddhartha Bank

Durbar Square, Kathmandu, Nepal/Photo: Sebastian Pena Lambarri/Unsplash

The International Finance Corp (IFC) on Wednesday proposed a $55-million investment through three-year senior loans to Kathmandu-based Siddhartha Bank.