IFC helping or hurting Nepali private sector

IFC  provided Buddha Air  a loan of $6.1 million.Interest rate for the  loan is 4.19% . On going interest rate of  a loan taken from Nepali commercial banks is about 12%.Click here to read more

Just yesterday,I was reading a news paper article with a title- 28% fall in banks credit flow to the private sector.


Humm....It makes me wonder if IFC is "crowding in" or crowding out "  private sector ? Buddha Air  already controls 43% of the domestic airline market ...Monopoly anyone??

local products cost Rs 361 per kg (inclusive of VAT), whereas similar imported products are available for Rs 256 per kg. As a result, the two companies have been left with a stock of around 500 tonnes of powdered milk worth around Rs 200 million.Click here to read more 

Nepal’s Urban Housing Challenge

More than 75% of Nepal’s urban population does not earn enough income to afford a standard 50-square-meter self-constructed house on an 80-square-meter plot of land on the outskirts of a city. It is estimated that 95% of the urban population cannot afford to purchase ready built property.Click here to read more