IFC, in partnership with Standard Chartered Bank Nepal Limited (SCBNL), has committed $29 million (approximately Rs 3.98 billion) to WorldLink Communications Limited and its subsidiary Data World Limited to expand Nepal’s digital infrastructure and unlock its full economic potential.
The investment aims to grow Nepal’s fiber networks and develop innovative data centers across the country to help bridge the digital divide and drive inclusive development, read the joint statement issued Monday, July 7.
By expanding access to high-speed internet and building modern infrastructure, including robust fiber optic networks to connect remote areas, the partnership aims to address the rising demand for data storage and processing capabilities.
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets.
Founded in 1995, WorldLink Communications Ltd. is Nepal’s largest internet service provider (ISP). It currently serves over 1 million households and thousands of enterprises. Its nationwide fiber network now spans over 7,500 locations, including remote and underserved regions, according to the company. It has established free Wi-Fi hotspots across major cities. With over 5,500 direct and indirect jobs created, WorldLink has also contributed to employment generation.
Standard Chartered Bank Nepal Limited enjoys the status of the only international bank currently operating in Nepal. It is also the only Bank in Nepal accredited with ICRANP-IR AAA rating by ICRA Nepal as the safest bank with regards to timely servicing of financial obligations.
“At WorldLink, we believe that connectivity is the bridge to opportunity. This strategic partnership with IFC and SCBNL will significantly strengthen that bridge across Nepal,” the statement quoted Dileep Agrawal, Founder and Chairman, WorldLink Communications Ltd., as saying. “This collaboration is a testament to our shared commitment to building a digitally empowered society and a cornerstone for a thriving future for all Nepalis.”
Data center infrastructure is expected to become a crucial element of Nepal's economy and growth given the growing reliance on technology across various sectors. By expanding the fiber network and developing a series of state-of-the-art data centers throughout the country — which includes Nepal’s first EDGE-certified facility — this partnership is setting new benchmarks for sustainable and innovative growth, the statement added.
“This investment aligns with the Government of Nepal’s vision under the 16th National Plan and Digital Nepal Framework to achieve universal internet access, integrated infrastructure development and leverage technology for socio-economic progress,” the statement quoted Imad N. Fakhoury, IFC’s Regional Director for South Asia, as saying. “By enhancing digital access especially in underserved areas and creating quality jobs, IFC is proud to support Nepal’s digital transformation, connectivity and economic growth.”
The project will promote sustainable development through environmentally friendly data centers and resilient fiber-to-the-home technology. With IFC’s support, WorldLink Communications also aims to enhance women’s representation in the workforce, aligning with global strategies for inclusive employment.
“Nepal’s digital sector holds immense potential for innovation and growth. Unlocking the full economic benefits of digital technologies requires widespread adoption and greater access, particularly in rural areas where fixed broadband infrastructure remains limited. Data center infrastructure will play a key role in supporting this transformation, driving inclusive growth in national priority sectors and digital services for all,” the statement quoted Vikram Kumar, IFC’s Director for Infrastructure and Natural Resources in Asia and the Pacific, as saying.
“This landmark collaboration between WorldLink, its subsidiary Data World, IFC, and SCBNL is a significant step towards strengthening Nepal’s digital infrastructure,” the statement quoted Gorakh Rana, CEO & Head of Coverage, Nepal, at SCBNL as saying. “By financing digital infrastructures in the country, we aim to significantly improve internet accessibility and expand broadband and data centre capabilities nationwide unlocking global opportunities.”
