Nepal poverty and growth efforts get ADB boost

The Asian Development Bank is granting Nepal USD100 million to aid the country in its poverty reduction and sustainable growth initiatives. “We will focus on reducing rural poverty in hill, mountain and lowland districts in Nepal where isolation and hardship are common,” said ADB Natural Resources Economist for South Asia Jiangfeng Zhang. “It will focus on immediate post-conflict development priorities for accelerating poverty reduction and inclusive development to enhance the delivery of public services and improve access of rural residents to economic opportunities and social services.” The grant comes less than a week after the World Bank gave Nepal its largest grant of USD253 million for various projects. (Source: ADB extends USD 100 million grant to Nepal/Nepalnews)

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