Kathmandu, Nepal (5 November 2025) — The Asian Development Bank (ADB), the International Development Association (IDA) of the World Bank Group, and the Swiss Agency for Development and Cooperation (SDC) have signed a three-year Memorandum of Understanding (MoU). This partnership reaffirms their joint commitment to assist the Government of Nepal in improving disaster risk management and constructing infrastructure resilient to climate change.
Nepal faces growing challenges caused by climate-induced disasters such as floods, droughts, landslides, and glacier melt. These events result in significant human and economic losses and continue to displace communities. Key sectors that depend heavily on nature, particularly hydropower, which is central to the nation’s economic growth, remain highly vulnerable to these risks.
“Investing in climate-resilient infrastructure and disaster risk management has never been more critical. These investments will not only strengthen communities and safeguard essential assets but also create jobs and foster long-term economic growth,” said Arnaud Cauchois, ADB Country Director for Nepal.
“Through strengthened coordination and technical cooperation, ADB, IDA, and SDC aim to support Nepal in building resilience to climate impacts and ensuring that investments bring lasting benefits to people across the country,” added Arnaud Cauchois.
The ADB, IDA, and Switzerland joined forces with Nepal to reduce climate-related risks and create resilient infrastructure that protects people, assets, and the country’s economic stability.