1. The new CPS will support the Government of Nepal’s development objective of accelerated, sustainable, inclusive economic growth.
2. The CPS tackles impediments to broad-based, employment-centric, inclusive growth, including (i) the infrastructure deficit, (ii) the low human capital base, and (iii) poor institutional capacity including governance.
3. In 2013–2016, programs will primarily focus on energy, transport, and urban sectors. Education and agriculture transformation will also be supported. Support will be increasingly selective and focused to deliver timely, sustainable, and quality results.
4. In energy, the goal will be achieving energy security at home with stronger institutions.
5. In transport, the CPS will support Nepal’s Country’s Strategic Road Network in rural andurban areas. Key airports will also be upgraded to boost tourism and industrial development.
6. In urban services, the CPS will complete the Melamchi Tunnel and connecting distribution systems by 2016. It will provide assistance to secondary and small towns to improve their urban environment.
7. In education, ADB will support skills development and the school sector reform program.
8. In agriculture, ADB will support implementation of the Agriculture Development Strategy, with a focus on water management with value chain development.
9. Support in the above sectors will be enhanced with mainstreaming of good governance including public financial management, gender equality and social inclusion, and environmental sustainability including climate change and disaster risk management.
10.The CPS prioritizes institutional development of selected priority sector agencies with long-term partnerships to enhance portfolio performance.
11.The CPS will also support measures to boost private sector development by helping selected public-private partnership energy projects and improving the environment for private and foreign direct investment.
12. Regional integration will be facilitated with a focus on energy, transport, and trade facilitation.
13. ADB will adopt a “finance++” strategy in Nepal to increase official and commercial cofinancing, and generate and apply knowledge solutions to improve project design, implementation, asset maintenance, and overall institutional development.