IFC in Dolma Impact Fund II

The International Finance Corporation (IFC) of the World Bank Group is investing $10million in the Dolma Impact Fund II to finance small and medium sized enterprises, in health care, renewable energy, technology, and other critical sectors, vital to Nepal's post-pandemic recovery. SMEs contribute 20% of Nepal's GDP and create over 60% of jobs but only 39% of them have access to finance. 

"Private equity funds like Dolma can be an important source of capital and expertise for Nepali firms that have potential to grow, including those struggling to deal with the impacts of the pandemic," says IFC Resident Representative in Nepal, Babacar S. Faye.