Climate investment opportunities in South Asia : Nepal (English)

A mountainous, landlocked country recovering from two severe natural disasters since 2015, Nepal has shown the resilience of its people and economy, and is expected to have GDP growth of 7.5 percent in 2017, fueled by investment in rebuilding and a revitalized... See More + A mountainous, landlocked country recovering from two severe natural disasters since 2015, Nepal has shown the resilience of its people and economy, and is expected to have GDP growth of 7.5 percent in 2017, fueled by investment in rebuilding and a revitalized agricultural sector. Nepal’s government has prioritized reconstruction and resilience to future disasters in its budget, policies, and its Nationally Determined Contribution (NDC) under the Paris Agreement. The government issued a public private partnerships (PPP) policy in 2015 and plans to establish a PPP center to facilitate investment in infrastructure and services. PPP engagement has been concentrated in key urban areas, with scope to further increase involvement in untapped sectors such as transport. IFC is working with agribusiness firms in Nepal to promote improved agricultural and water management practices, helping small farmers producing rice, maize, and sugarcane to improve their resilience against climate change. The Nepal Pilot Program for Climate Resilience, funded in part through the Climate Investment Funds, is expected to help 15,000 people improve their climate resilience. By starting small and proving the viability of a climate-smart business model, IFC has laid the foundation for future investments that promote resilience without sacrificing productivity. IFC estimates a total climate-smart investment opportunity of 46 billion in Nepal from 2018 to 2030.  See Less -