Nepal and ADB
In the Spotlight
Binita Shah Khadka from ADB's Nepal Resident Mission makes the long trek west to Rara Lake in remote Mugu district where a new road is expected to bring development to some of the country's poorest communities.
The growth outlook for developing Asia and the Pacific remains steady, even though momentum slowed in the second half of 2014, but the declining oil prices represent a golden opportunity for many beneficial reforms, ADB says in a new report.
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.
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.
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