Nepal and ADB
In the Spotlight
For more than 45 years, ADB has worked alongside Nepal to promote economic development and improve the lives of its people. That effort entered a new stage in November 1989 when ADB opened its Nepal Resident Mission in Kathmandu.
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.
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.
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.
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 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.