ADB Launches Country Partnership Strategy (CPS) for Nepal 2025–2029

Kathmandu: Deputy Prime Minister and Minister of Finance Bishnu Prasad Paudel launched the Asian Development Bank’s (ADB) Country Partnership Strategy (CPS) for Nepal 2025–2029 on July 23. Approved on 17 June this year by the ADB Board of Directors, 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.

Finance Secretary Ghanshyam Upadhyaya, Joint Secretary and Chief, International Economic Cooperation Coordination Division, Ministry of Finance, Dhani Ram Sharma, and World Bank Operations Manager for Maldives, Nepal, and Sri Lanka Preeti Arora also attended the launch.

For the first time in Nepal, the CPS was developed jointly with the World Bank Group Country Partnership Framework, marking a significant milestone in collaborative development planning, reads the press release.

“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,” said ADB Country Director for Nepal Arnaud Cauchois.

“We appreciate the leadership of the Ministry of Finance and the deep collaboration with the World Bank Group. ADB remains committed to 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.”