KATHMANDU: The International Centre for Integrated Mountain Development (ICIMOD) and NMB Bank, Nepal signed a memorandum of understanding on Wednesday to provide mountain communities in Nepal better access to finance.

NMB and ICIMOD hope to build on each other’s network and strengths to foster cooperation and contribute to sustainable mountain and socio-economic development in Nepal through knowledge intervention and business promotion, as per a media release.

The partnership focuses on achieving and delivering the shared values and goals of the organisations.

The three broad focus areas of collaboration are access to finance, impact investment, and corporate social responsibility activities for benefit of mountain communities.