Nepal Country Partnership Strategy
Nepal Country Partnership Strategy
FY 2014-2018
The World Bank Group
Nepal has made good progress on
poverty reduction…
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Pockets of poverty are
concentrated in the
Western Hill regions
Most of the poor are
densely populated in
the southern plains.
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Development Challenges and Opportunities
Faster, inclusive and sustained economic growth
Political stability/policy certainty as key prerequisite
Poor infrastructure as major bottleneck
–
Energy
–
Transport
Regulatory environment/financial sector stability
Agriculture as source of growth and poverty reduction
Opportunities: quality health/education and skills
Governance and management of public expenditures
WBG Country Partnership Strategy (FY14-18)
Overall Objective:
to support Nepal’s aspirations for increasing
economic growth through increased investments in key sectors while
providing support to make growth more inclusive and to help
equalize opportunities across groups and communities.
WBG Country Partnership Strategy (FY14-18)
Pillar 1:
Removing the binding constraints to private investment
and growth by focusing on energy, transport, the financial sector
and the enabling business environment.
WBG Country Partnership Strategy (FY14-18)
Pillar 2:
Increasing inclusive growth and providing historically-
disadvantaged Nepalis with opportunities to improve their
resilience and increase their prosperity.
WBG Country Partnership Strategy (FY14-18)
Cross-Cutting Dimensions
Governance
–
Manage public expenditure efficiently and
effectively
–
Improve public procurement
–
Strengthen demand-side / social
accountability
Gender
Climate Change
WBG Country Partnership Strategy (FY14-18)
Implementation
Financing
–
IDA: $200-300 million/year
–
IFC: $300-800 million in hydropower; $20-40 million financial institutions,
manufacturing, agribusiness, services
–
MIGA: Potential for 1-2 risk guarantees
Knowledge
Partnerships
For further information please visit:
www.worldbank.org/np
www.ifc.org
www.facebook.com/worldbanknepal
Thank you!!
Nepal has made progress in poverty reduction, with challenges in rural areas. The focus is on sustainable growth, involving key sectors like energy and agriculture. The World Bank Group aims to support Nepal's economic growth aspirations and inclusive development through targeted outcomes in electricity supply, transportation, education, health, and private sector investment.
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Presentation Transcript
Nepal Country Partnership Strategy FY 2014-2018 The World Bank Group
Nepal has made good progress on poverty reduction but vulnerability remains high, especially in rural areas Pockets of poverty are concentrated in the Western Hill regions Most of the poor are densely populated in the southern plains.
Poverty reduction has been driven by remittances but reducing poverty further will require faster and more sustainable growth.
Development Challenges and Opportunities Faster, inclusive and sustained economic growth Political stability/policy certainty as key prerequisite Poor infrastructure as major bottleneck Energy Transport Regulatory environment/financial sector stability Agriculture as source of growth and poverty reduction Opportunities: quality health/education and skills Governance and management of public expenditures
WBG Country Partnership Strategy (FY14-18) Overall Objective: to support Nepal s aspirations for increasing economic growth through increased investments in key sectors while providing support to make growth more inclusive and to help equalize opportunities across groups and communities. Pillar 2: Increasing inclusive growth and opportunities for shared prosperity Pillar 1: Increasing economic growth and competitiveness Outcome 1.1: Increased supply of electricity, including import, and improved access to reliable and affordable electricity within Nepal Outcome 2.1: Increased agricultural productivity and commercialization Outcome 1.2: Improved transportation connectivity, internally and with India Outcome 2.2: More equitable access to education and skills development, of higher quality and relevance Outcome 1.3: Improved environment for private sector investment, including increased financial sector stability Outcome 2.3: Improved health and nutrition services, particularly for the poor and disadvantaged Outcome 2.4: More efficient and transparent social safety net system
WBG Country Partnership Strategy (FY14-18) Pillar 1: Removing the binding constraints to private investment and growth by focusing on energy, transport, the financial sector and the enabling business environment. Pillar 1: Increasing economic growth and competitiveness Outcome 1.1: Increased supply of electricity, including import, and improved access to reliable and affordable electricity within Nepal Outcome 1.2: Improved transportation connectivity, internally and with India Outcome 1.3: Improved environment for private sector investment, including increased financial sector stability
WBG Country Partnership Strategy (FY14-18) Pillar 2: Increasing inclusive growth and providing historically- disadvantaged Nepalis with opportunities to improve their resilience and increase their prosperity. Pillar 2: Increasing inclusive growth and opportunities for shared prosperity Outcome 2.1: Increased agricultural productivity and commercialization Outcome 2.2: More equitable access to education and skills development, of higher quality and relevance Outcome 2.3: Improved health and nutrition services, particularly for the poor and disadvantaged Outcome 2.4: More efficient and transparent social safety net system
WBG Country Partnership Strategy (FY14-18) Cross-Cutting Dimensions Governance Manage public expenditure efficiently and effectively Improve public procurement Strengthen demand-side / social accountability Gender Climate Change
WBG Country Partnership Strategy (FY14-18) Implementation Financing IDA: $200-300 million/year IFC: $300-800 million in hydropower; $20-40 million financial institutions, manufacturing, agribusiness, services MIGA: Potential for 1-2 risk guarantees Knowledge Partnerships Level of Engagement Engagement Areas Top Five Development Partners (size of commitments) WBG, Germany, ADB, China, India WBG, ADB, Japan, India, Switzerland WBG, UK, ADB, Norway, Germany ADB, WBG, UN, USAID, Switzerland, EU WBG, ADB, EU, Denmark, UN WBG, UK, USAID, Global Fund, Germany WBG, ADB, EU, Denmark, UN WBG, EU, UN, Denmark, Germany ADB, Germany, Japan, WBG, UN ADB, India, UK, WBG, Finland UN, USAID, Denmark, UK, Norway, WBG Electricity Transportation Finance Agriculture Education/Skills Health/Nutrition/Sanitation Primary/Basic Education Peace and Reconstruction Urban Development Local Development Social Development CPS Engagement More Areas Prior WBG Less Areas
Thank you!! For further information please visit: www.worldbank.org/np www.ifc.org www.facebook.com/worldbanknepal
