Share this Twitter Myspace Digg Del.icio.us Slashdot Furl Yahoo Googlize this Blinklist Facebook Wikio Export PDF Print E-mail

The Asian Development Bank (ADB) will continue to strongly support the country as it undertakes efforts to overcome economic challenges amidst political transition, ADB President Haruhiko Kuroda said today.

Visiting Asian Development Bank (ADB) chairman, Haruhiko Kuroda, meets...

Speaking at the conclusion of a four-day visit to Nepal, President Kuroda said the country has made significant gains in poverty reduction and several key human development indicators over the past decade, despite a lengthy civil conflict that only ended in 2006, compounded by Nepal's challenging topography and landlocked geography.

President Kuroda said he is confident Nepal can overcome them.

"I strongly believe that Nepal has the potential to transform the current challenges into opportunities by staying the course on economic reforms, and ensuring equitable and inclusive growth by focusing on progressive social and human development," he said.

To help the government carry out its development program, ADB is more than doubling its country assistance to Nepal from $ 258 million in 2007-2008 to $ 559 million for 2009-2010, and is targeting about $287 million annually from 2011 to 2013.

"Our assistance includes a grant component of 50%, and will allow the Government of Nepal to focus on priority capacity building and social reforms," Kuroda added. nepalnews.com

Readers are kindly requested to avoid using offensive language and also refrain from issuing threats to others.

View Comments	Search
As postings are shown online immediately, please be warned of offensive comments

Anonymous   |86.15.175.xxx |2010-07-29 21:02:46 The ADB support and donation is very necessary in Nepal and we would welcome.But we would like to asked to brahmins about where that much money goes to? Therefore,the ADB donation are not utilised for the nation and nationalities,only gone in bahuns hand,please ADB president would you stop to donate in the hand of bahuns.Nepal will never develope by Mr bahuns, you can see even now,what they have developed and hom much ADB have donated? you can see Mr president,roads,electricity,water,health for the publics and poorest peoples. The Mr bahuns,they have long noses but they never shy,that mean they have no any reputation because of gypgies Anonymous  - Help people Please not so call government   |174.21.152.xxx |2010-07-29 15:20:20 How about providing jobs,education,health care for malnurished Neapli youths ? No country or any world leader with right mind should hand out any cash$$$$ to these fat cats(Nepal government)STOP IT ! you are Not helping average Nepali Mr Kuroda. Give man a fish he will eat for day and go hungry again teach man how to fish and he will eat for life Bharat Kumar Chalaune  - Road situation in Nepal   |92.231.156.xxx |2010-07-29 05:26:51 Dear Sir and Madam, we are getting so much aid from ADB asian devlopment bank since many years. Where this money goese? We could build 2line roads in our main highway Karnali, and Nepalgaunj to Kothiaghatt blacktap road. Why it is not made buy our goverment? Many tourists are efectet buy our tourist transport systems... Our peoples need more education system and more Technical line in Nepal....

3.26 Copyright (C) 2008 Compojoom.com / Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."