Kathmandu: The Asian Development Bank (ADB) today unveiled its new Country Partnership Strategy (CPS) for Nepal for 2025-2029, setting a comprehensive agenda to support the country’s inclusive, resilient, green, and employment-intensive economic growth.
According to Asian Development Bank, the strategy focuses on three strategic priorities: private sector-led, employment-intensive, green economic transformation; inclusive and quality human capital development and public services; and environmental sustainability and climate resilience. As Nepal advances toward graduating from least developed country status, the CPS will support the country’s transition to a more sustainable and inclusive growth model, said ADB Country Director for Nepal Arnaud Cauchois. This model prioritizes productivity gains and job creation through domestic private investment and foreign direct investment, improved access to quality infrastructure, skills development, deeper integration with regional and global value chains and exports, while also strengthening resilience to disasters and climate change.
A low-risk Group A developing member, Nepal will be eligible to access concessional ordinary capital resources (COL) and ADB expects to mobilize about $2.3 billion (COL) between 2025 and 2029 and selective grants from the Asian Development Fund 14 which are allocated on a project basis for specific thematic priorities. Commitment of these funds is guided by government priorities, project readiness, and the country’s performance. ADB will also support the mobilization of additional resources through cofinancing, innovative financing solutions, exploring mobilization of funds from green bonds and the issuance of thematic and local currency bonds (such as Nepalese rupee-linked bonds) to international investors.
ADB is a leading multilateral development bank supporting inclusive, resilient, and sustainable growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members-50 from the region.