ADB President to Visit Nepal as Resident Mission Marks 20 Years of Operations

News Release | 24 July 2010

MANILA, PHILIPPINES - Asian Development Bank (ADB) President Haruhiko Kuroda is to visit Nepal from 26th to 29th July 2010, with the trip coinciding with the 20th anniversary of the establishment of ADB's resident mission in the country.

During the visit―which will be his first to Nepal as ADB President―Mr. Kuroda is scheduled to meet senior government officials to discuss ADB's ongoing assistance, and to reaffirm continued support for the country's development objectives. He will also make field trips to ADB-assisted projects and meet with the projects' beneficiaries.

Following the establishment of the Nepal Resident Mission, ADB has significantly increased its assistance to Nepal, with the amount set to double in 2009-2010 to $559 million, from $258 million in 2007-2008.

Since ADB first began extending assistance to Nepal in 1969 it has provided nearly $3 billion in concessional loans and grants for investment projects, and about $138 million in technical assistance grants. The major sectors that receive support include agriculture and natural resources, education, finance, governance, water supply, sanitation and urban development, transport and communications.