Nepal and ADB
In the Spotlight
ADB and Nepal’s Ministry of Finance (MoF) launched a photo exhibit to commemorate 50 years of partnership that started when Nepal became a founding member of ADB in 1966. The photo exhibit runs until 25 January in Kathmandu and between 30 January and 1 February in Pokhara.
ADB and the Government of Nepal celebrated the breakthrough of the first key section of the Melamchi Tunnel. When completed, the Melamchi Tunnel will carry to Nepal’s thirsty Kathmandu Valley 170 million liters of water per day from the Melamchi River and another 340 million liters of water from the Yangri and Larke Rivers by 2021.
Nepal is to receive a $20 million grant to spur private sector investment in utility-scale solar power, ensuring the installation of at least 25 megawatts of solar power by 2018. The funding also provides a business model that can be replicated and scaled up elsewhere in the country.
An ADB-supported project, run in collaboration with the Swiss Development Corporation, helped over 59,000 students in Nepal learn new trade skills and find jobs.
Nepal has made notable socioeconomic progress in recent years. Literacy rates have increased, poverty rates have declined, gender disparities have narrowed, and social inclusion has improved.
Nepal now strives to achieve the Sustainable Development Goals and to graduate from least-developed country status.
ADB's country partnership strategy for 2013-2017 supports the government's development objective of accelerated, sustainable, and inclusive economic growth.
Nepal is a member of the South Asia Subregional Economic Cooperation (SASEC) program.
View the ADB and Nepal fact sheet.
- Macroeconomic Update: Nepal
Published twice a year, it reviews and analyzes Nepal's real, fiscal, monetary, and external sectors