The 2nd and last tranche in the amount of $27.7 million under Loan 2641 was disbursed on 18 August 2015. The loan was closed with value date of 18 Aug 2015.
The grant is also scheduled for closing.
BTOR for August 2014: Except for the Micro Finance Act and ADBL divestment, all other components are successful. Those include (i) extending microfinance outreach in hills and remote areas ; (ii) establishing the micro credit information service by the Credit Information Bureau ; (iii) enhancing capacity of the Debt Recovery Tribunal; (iv) successfully divesting and privatizing the Small Farmers ' Development Bank; and (v) establishing the Nepal Banking Institute, the country's first professional banking and financial training institute .
BTOR for 25-29 Nov 2013: The establishment of the regulatory authority waits for the approval of the Micro Finance Act.
BTOR for 25-29 Nov 2013: The Micro Finance Act is being processed at the Ministry of Law and Justice. Due to the change of the government, the approval of the Act has been delayed.
BTOR of 25-29 Nov 2013: Formation of ADBL divestment technical sub-committee, approval of draft of ADBL divestment action plan, ADBL valuation report and share purchase agreement report by privatization committee. Procurement Process for Special Audit started.
BTOR of 25-29 Nov 2013: Financial and operational performances are satisfactory.
BTOR of 25-29 Nov 2013: The initial public offering was completed in March 2010.
BTOR of 25-29 Nov 2013: Financial and operating performances are satisfactory.
BTOR of 25-29 Nov 2013: 151 cooperatives including 69 new cooperatives (non-Small Farmer Cooperative Limited) with 124,376 members (of which 60% are women) received on-lending support
BTOR of 25-29 Nov 2013: SFDB has already divested its Govt share to small farmers cooperatives
BTOR of 25-29 Nov 2013: NRB made a decision to merge all GBBs by March 2014. Due diligence audit of five GBBs completed.
BTOR of 25-29 Nov 2013: NBTI conducted 43 regional trainings to train 1154 staff of banks and financial institutions.
BTOR of 25-29 Nov 2013: NBTI has completed design of long-term accredited diploma and degree program, awaiting accreditation. Bantch launch planned to begin from the first week of Dec 2013. Certification course for existing bankers on Credit in the final phase. To be launched soon.
BTOR of 25-29 Nov 2013: NBTI commenced training program substantially to the operational plan.
BTOR of 25-29 Nov. 2013: Consultant recruitment completed. Management information system established. DRT substantially improved its efficiency.
BTOR of 25-29 Nov 2013: The procurement process is completed and contract awarded in March 2013. Disbursement started.