Home Industry Fintech and Financial Services The World Bank Group announced...

The World Bank Group announced the 'Country Partnership Framework for Nepal (2025-2031)'


Fintech and Financial Services

Business Fortune: WBG CPF Nepal 2025-31 Outlook

The framework outlines The World Bank Group's plans to collaborate with Nepal over the next 6 years.

A formal event was conducted in Kathmandu by the World Bank Group to introduce the “Country Partnership Framework for Nepal (2025-2031).” The framework specifies the World Bank Group's plan for strategic partnerships and collaboration with Nepal over six years.

Finance Minister Bishnu Prasad Paudel noted during his remarks that the framework was cited and matched in the context of Nepal's 16th periodic plan which provides a pathway to development, good governance, social justice, and shared prosperity through structural economic transformation. Minister Paudel said the framework is linked to priority areas for Nepal including inclusive economic growth, productive employment, enhancing competitiveness, sustainable social protection and lifestyle, and climate resilience.

The Minister stated that the framework aims to address two of Nepal’s main challenges, which are job creation and disaster resilience, while also benefitting the quality of life for the nation, and particularly vulnerable groups. He noted that the implementation of the framework would yield benefits for Nepal's business environment, infrastructure improvements, travel, and education and skills improvements. He also mentioned that capital and infrastructure investment, along with digital access, will enhance the standard of economic development.

During the event, David Sislen, The World Bank Country Director for Nepal, Maldives, and Sri Lanka, highlighted that the framework is aligned and working in complementary ways with the development priorities of Nepal, with an importance on jobs. He pointed out that remittances make up 25% of Nepal’s GDP and that unemployment remains an issue.


Business News


Recommended News

Latest Magazine