Nepal and ADB
In the Spotlight
Gearing Up for Competitiveness: The Role of Planning, Governance, and Finance in Small and Medium-sized Cities in South Asia
Local government must play a proactive role in supporting a city’s economic strength, by driving local economic development planning, understanding its role in the region, and aligning its development policies, plans, and investments.
The changing economic structures in many countries in South Asia and the growing demand for agricultural products have increased the potential for regional trade and investments in this sector.
Since 1996, ADB assistance to Nepal is strongly focused on reducing poverty by promoting inclusive economic growth in a country that remains poor, predominantly rural, and affected by ethnic and socioeconomic divisions.
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.
The new constitution, proclaimed in September 2015, has paved the way for lasting peace and stability, with rapid and inclusive economic growth. However, challenges remain in implementing the provisions in the new constitution. Nepal also faces the challenges of recovering from the devastating earthquakes of 2015, which pushed about 3% of the population below the poverty line.
ADB's country partnership strategy for 2013-2017 supports the government's development objective of accelerated, sustainable, and inclusive economic growth.
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
Projects in Nepal