During the visit, Kuroda is scheduled to meet senior government officials and discuss ADB´s ongoing assistance. On the occasion, he will also reaffirm ADB´s continued support to the country´s development objectives. He is also scheduled to visit ADB-assisted projects and meet the projects´ beneficiaries. [break]
Following the establishment of the Nepal Resident Mission, ADB has significantly increased its assistance to Nepal, says a press statement issued by the bank. The amount is set to double in 2009-2010 to $559 million, from $258 million in 2007-2008.
ADB had begun extending assistance to Nepal in 1969. Since then, it has provided nearly $3 billion in concessional loans and grants for different investment projects, and about $138 million in technical assistance grants.
The major sectors that received support include agriculture and natural resources, education, finance, governance, water supply, sanitation and urban development, transport and communications.
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