ADB’s country operations business plan (COBP), 2013-2015, for Nepal is consistent with the strategic and operating priorities of ADB’s country partnership strategy (CPS), 2010-2012. It is also in line with ADB’s Strategy 2020 and the government’s own development agenda.

CPS, 2010-2012, is built on four pillars: broad-based and inclusive economic growth, inclusive social development, governance and capacity building, and climate change adaptation and environmental sustainability.

ADB operations will continue to mainstream crosscutting themes (such as gender, governance, regional cooperation and integration, environmental sustainability, and private sector development) and fund investments in the energy, transport and urban services space. These activities have high inclusive-growth content.

ADB will also support other growth-enabling activities where ADB adds high value, such as skills development, education, water management, and financial sector reform.

Future interventions will take into account risks identified in the CPS, including the prolonged political transition, weak implementation capacity and governance, and vulnerability to natural disasters. The risks are being mitigated by maintaining flexibility and peace sensitivity in operations, simplifying project design, supporting critical reforms, and applying project screening tools to enhance governance and deal with climate change risks.

ADB’s operational priorities will be revisited in the next CPS.