What you should know
Deputy Prime Minister and Finance Minister Bishnu Paudel has released the National Partnership Strategy (2025-2029) of the Asian Development Bank (ADB) for Nepal. The National Partnership Strategy approved by the Board of Directors of ADB has presented ADB's strategic guidance for Nepal for the next five years.
The National Partnership Strategy approved by the Board of Directors of ADB has presented ADB's strategic guidance for Nepal for the next five years.
The national strategy led by the private sector It has focused on economic growth, job growth for youth and environmental sustainability and climate and disaster resilience.
Finance Secretary Ghanshyam Upadhyay, ADB National Director for Nepal Arno Koshwa and Vishwa On behalf of the bank, Preeti Arora, Operations Manager for Maldives, Nepal and Sri Lanka, announced the national partnership strategy.
ADB has prepared a National Partnership Framework jointly with the World Bank Group for the first time in Nepal. It is claimed that it will prove to be an important milestone in the development plan based on cooperation.
With the publication of ADB's new national partnership strategy, Finance Minister Poudel said that a new chapter in the 6-decade-long partnership has begun. Keeping parallel with the 16th plan, he said that it will help in inclusive economic growth, climate resilience and quality employment especially for the youth.
ADB's In addition to reflecting the commitment, Keshwa said that a larger agenda of inclusive, sustainable green and employment-intensive economic growth has been set.
'We appreciate the leadership of the Ministry of Finance and the close cooperation with the World Bank Group,' he said, 'Investment projects linked to policy reforms, institutional strengthening and infrastructure development through the combination of loans and regional development programs provided on a policy basis. ADB is ready to work with all stakeholders to effectively implement the partnership strategy.'
The
national partnership strategy includes interdisciplinary priorities such as digital transformation, capacity building for good governance and federalism, as well as the empowerment of women and marginalized and at-risk groups, which will ensure inclusive and equitable development outcomes, according to ADB.
ADB Chief Economist Ian Hanson and Program Officer Srijana Rajbhandari discussed the national Presented the main strategic priorities and major projects of the partnership strategy.
