Nepal and ADB
In the Spotlight
In Nepal, one of the region's most vulnerable countries, people from all walks of life are gaining access to the knowledge and information they need to understand, plan, and manage adaptation to climate change.
ADB approved the release of a loan of about $27.5 million equivalent which the Government of Nepal will use for budget support as the country recovers from the devastating earthquakes in April and May 2015.
Spreading information on how to adapt in the face of weather extremes is fast becoming an essential tool for Dhulikhel town in Nepal and other communities on the front line of climate change.
ADB President Takehiko Nakao announced a total of $600 million in assistance to help Nepal “build back better” after the devastating April 25 earthquake.
One month after the devastating 25 April earthquake that left more than 8,000 dead, relief operations continue as Nepal begins to count the cost of the disaster.
Nepal's gross domestic product growth this fiscal year is likely to slow down to 3.8% from the 4.6% rate forecast in ADB’s Asian Development Outlook 2015, following the 7.8 magnitude earthquake that hit the country on 25 April.
In Kathmandu Valley, 160 public school buildings survived the 7.8-magnitude earthquake - thanks to an ADB-supported school safety program. Affected communities have taken shelter in many of these schools.
The meeting was jointly chaired by ADB President Takehiko Nakao and Nepal's Finance Minister, Ram Sharan Mahat.
ADB supports Nepal's objectives of accelerating inclusive economic growth and development. Over the years, it has provided assistance in such sectors as agriculture, transport and ICT, energy, water and sanitation, urban development, education, finance, and governance.
Despite recent conflict and complex political transition, Nepal has made economic and social progress. Literacy rates are up, while poverty rates are sharply down. Gender equality and social inclusion are gaining momentum. Road access to isolated rural communities has improved, with trade and transport networks expanding.
While Nepal will likely meet a majority of the Millennium Development Goals by 2015, accelerating growth and reducing disparities remain challenging. Investment in infrastructure, particularly in the energy sector, is critical to improving quality of life and stimulating private investment.
ADB's country partnership strategy for 2013-2017 supports the government's development objective of accelerated and inclusive economic growth. It seeks to address the infrastructure bottlenecks in the areas of energy, air and road transport, water supply and sanitation, and irrigation, creating an enabling environment for increased business and employment opportunities.
View the ADB and Nepal fact sheet.
Projects in Nepal
- South Asia Subregional Economic Cooperation Power System Expansion Project
- Third Small Towns Water Supply and Sanitation Sector Project
- Kathmandu Valley Water Supply Improvement Project - Additional Financing
- Building Climate Resilience of Watersheds in Mountain Eco-Regions
- Transport Project Preparatory Facility (formerly Transport Project Preparatory and Capacity Development Facility)