Nepal Infrastructure Bank (NIFRA) and International Finance Corporation (IFC) signed a Memorandum of Understanding (MoU) for the development of infrastructure projects in Public Private Partnership (PPP) modality in Nepal. Chief Executive Officer (CEO) of NIFRA Ram Krishna Khatiwada and Manager, Asia Pacific PPP Transaction Advisory Services of IFC Thomas Lubeck signed the MoU on behalf of their respective agencies at a programme, organised in NIFRA on Friday. As part of the MoU, NIFRA and IFC will collaborate on accelerating the pace of investment in infrastructure sector by bridging the gap in financial and technical resources required for the country’s infrastructure development, according to a press statement of NIFRA.