Kathmandu. KATHMANDU: Laxmi Sunrise Bank has collaborated with International Finance Corporation (IFC), a private sector of the World Bank Group. The two organizations signed a collaboration agreement under the Banking on Women initiative ‘Global WMSME SDD’.

The agreement was signed by Mr. Sumed Bhattarai, Acting CEO of Laxmi Sunrise Bank and Mr. Mehdi Cherkaui, Regional Manager for South Asia, IFC.

This collaboration further reinforces the bank’s commitment to responsible banking practices. Through this partnership, the bank expects to make a meaningful contribution in promoting women entrepreneurship and in inclusive economic development.

The program is being supported by the Women Udyami Finance Initiative, a multilateral international initiative established to promote women entrepreneurship. It is a multi-donor international platform that aims to expand investment and financial access to women-led and owned Small and Medium Enterprises (WMSEs) around the world.

The ‘Women Entrepreneur Finance Code’ is a common commitment among financial institutions, regulatory bodies and financial system stakeholders. It aims to provide women entrepreneurs with the necessary financial resources to contribute to economic growth and job creation.