Developing Asia Fastest Growing Region

Developing Asia remains the fastest growing region globally despite slower-than-expected growth in major industrial countries as key economies move ahead with structural reforms, says a new ADB report. Read More

Prabin Rokaya: Giving the Youth a Voice in Nepal’s Water Future

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. Read More

A Broader View of Asian Poverty

Food insecurity and economic vulnerability should be included in a broader definition of poverty that could help policymakers develop more effective approaches, says new ADB report. Read More

Nepal May See 10% GDP Loss From Glacier Melts, Climate Extremes

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. Read More

Overview

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.

Fast Facts

27.21 (2013)
Population in millions

1.3% (2008-2013)
Average annual population growth rate

25.2% (2011)
Population living below the national poverty line

ADB Lending

Amount ($M) / %
Sector (No. of loans)
1,021.39 / 25.65
Agriculture (58)
 
350.40 / 8.80
Education (16)
 
714.70 / 17.95
Energy (21)
 
239.90 / 6.02
Finance (12)
 
157.23 / 3.95
Industry and Trade (10)
 
51.10 / 1.28
Multisector (3)
 
192.30 / 4.83
Public Sector (4)
 
628.06 / 15.77
Transport and ICT (26)
 
626.90 / 15.74
Water Supply (18)
 
3,981.98 / 100.00
TOTAL (168)
Cumulative as of 31 December 2013