Under the country partnership strategy for 2013-2017, ADB will support the Government of Nepal's development objective of accelerated, sustainable, inclusive economic growth.
In line with its inclusive growth framework, ADB will pursue faster growth in economic opportunities through investments in infrastructure. It will seek to deliver access to economic opportunities through projects and programs in education, including skills development; water supply and sanitation; and rural infrastructure.
Mainstreaming gender equality and social inclusion and supporting related reforms will also improve access to basic services.
ADB will promote social protection through work on disaster risk management, skills development, and knowledge partnerships.
Regional cooperation integration work will be emphasized through investments anchored on the South Asia Subregional Economic Cooperation program.
The 2016-2018 country operations business plan (COBP) maintains the strategic thrust of the CPS, 2013-2017. It applies sector selectivity and focus, with fewer but larger projects on reforms and investments in hydropower generation, transmission, and distribution; highways and airports for regional integration; reforms and investments in the water utility of Kathmandu, and strategic urban planning and investments along economic corridors; enhancement of secondary and higher education, and skills development; and agriculture policy reforms and market infrastructure investments.
ADB operations will be underpinned by a close partnership with the government, reform and investment road maps coordinated with development partners, and new financing modalities - e.g., multitranche financing facility, results-based lending, and public-private partnerships.
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The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.