Nepal and ADB
In the Spotlight
A $20 million ADB project is supporting agribusinesses in 10 mountain districts in Nepal, seeking to create 7,500 new jobs by 2017 in one of South Asia's poorest areas.
Prabin Rokaya, cofounder of youth-led NGO Jagaran Nepal, talks about the critical role that young people can play in solving the country’s water problems.
Droughts, floods and extreme weather events could cost South Asian nations up to 9% of their economy every year by the end of this century, says ADB report.
Climate change-driven events like melting glaciers pose a grave risk to Nepal’s economy and could cause losses equal to almost 10% of GDP by 2100, says an ADB report.
Nepal has made notable socioeconomic progress over the years, particularly in the area of poverty incidence, and meeting a majority of the Millennium Development Goals (MDGs), which are likely to be met by 2015. However, it continues to face challenges in further reducing poverty and socioeconomic disparities, achieving the remaining MDGs, and accelerating its annual growth rate.
ADB's country partnership strategy, 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.