KATHMANDU, July 22: The Asian Development Bank (ADB) is investing a total of US $2.30 billion (around Rs 313 billion) in the next five years in Nepal through collaborating with the Government of Nepal (GoN) under its new strategic partnership.
Launching the ADB’s Country Partnership Strategy (CPS) for Nepal 2025–2029, the multilateral lending organisation made the announcement in the capital on Tuesday. The ADB will be injecting the aforementioned amount in the form of grants, loans or assistanceship to Nepal. The priorities of the programs will be set by the GoN.
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The CPS outlines ADB’s strategic direction for Nepal over the next five years, with a focus on promoting private sector–led growth, boosting youth employment, and strengthening environmental sustainability and climate and disaster resilience.
ADB Country Director for Nepal Arnaud Cauchois said the CPS reflects ADB’s continued strong commitment in supporting Nepal’s development goals and sets a comprehensive agenda for inclusive, resilient, green, and employment-intensive economic growth. “The ADB will be working with all stakeholders to implement the CPS effectively through a combination of investment projects, policy-based lending, and sector development programs that integrate policy reforms, institutional strengthening, and infrastructure investments.”
In his keynote address, Deputy Prime Minister and Minister of Finance Bishnu Prasad Paudel termed the launch of ADB’s new Country Partnership Strategy a new chapter in our six-decade partnership. “Aligned with Nepal’s 16th Plan, it supports inclusive growth, climate resilience, and quality job creation—especially for our youth,” Paudel added.
The CPS incorporates cross-cutting priorities such as digital transformation, good governance and capacity building for federalism, and the empowerment of women and disadvantaged and vulnerable groups—ensuring inclusive and equitable development outcomes, according to the ADB.
Preeti Arora, the World Bank Operations Manager for Maldives, Nepal, and Sri Lanka, said the country made a notable achievement in poverty reduction over the past few years. “However, the country lacks structural transformation to ensure high productivity and job creation,” said Arora, adding that the partnership will help reduce duplication of projects and increase efficiency.
