World Bank and Asian Development Bank Join Forces for Sustainable Development of Nepal’s Hydropower Sector

The World Bank and the Asian Development Bank (ADB) announced collaboration to strengthen Nepal’s hydropower sector specifically in the context of the proposed Upper Arun and Dudh Koshi hydropower projects.

A memorandum of understanding (MOU) stipulating cooperation between the two institutions for an initial period of five years was signed today on the sidelines of COP28 by Martin Raiser, World Bank Vice President for South Asia and Fatima Yasmin, ADB Vice-President for Sectors and Themes.