Kathmandu: The World Bank’s Board of Executive Directors has approved a $100 million development policy operation (DPO) to help Nepal advance its green, resilient, and inclusive development goals. This marks the second of a three-part program aimed at strengthening the enabling environment for Nepal’s sustainable development.
David Sislen, World Bank Regional Country Director for the Maldives, Nepal, and Sri Lanka, emphasized that the DPO series serves as a catalyst for Nepal to enhance resilience and long-term growth, benefiting all Nepalis. The program will support policy initiatives across sectors including green fiscal instruments, water security, irrigation, sustainable forest management, and climate and disaster information systems.
Since 2021, the Government of Nepal has implemented a comprehensive sustainability agenda addressing critical challenges such as unemployment, climate change, economic vulnerability, and environmental risks. The World Bank’s support aligns with Nepal’s development priorities, aiming to improve air quality, expand disaster risk management services, enhance water security, and strengthen community forest management.
Stephen Danyo, World Bank Program Leader for the region, highlighted the importance of integrating sustainability, resilience, and inclusion to drive long-term development in Nepal. The DPO series is expected to help attract investment in sectors crucial for job creation, livelihoods, health, and climate resilience.
This funding will bolster Nepal’s efforts to foster a more sustainable, inclusive future for its citizens.