The World Bank Group’s Board of Executive Directors has endorsed a new 7-year Country Partnership Framework (CPF) for Nepal, focusing on job creation, disaster resilience, and climate adaptation to drive sustainable growth.
The CPF, backed by an estimated $2.7 billion in funding, aims to strengthen Nepal’s economy by boosting employment, improving infrastructure, and enhancing preparedness for natural disasters linked to climate change.
“Creating jobs is not just at the heart of our mission, it is also the lifeline that can drive Nepal’s sustainable and resilient growth,” said David Sislen, World Bank Country Division Director for Maldives, Nepal, and Sri Lanka. “The CPF builds on over 60 years of partnership and will leverage private sector solutions to spur investments and opportunities.”
Imad N. Fakhoury, IFC’s Regional Director for South Asia, emphasized private sector involvement, stating, “We support Nepal in mobilizing domestic and international capital, promoting public-private partnerships, and strengthening institutions to create a sustainable future.”
The CPF aligns with Nepal’s 16th Plan and follows extensive consultations across all seven provinces. The World Bank Group’s long-term vision seeks to transform Nepal’s economic potential while addressing critical vulnerabilities.
.
