Kathmandu, Nepal (5 November 2025) — The Asian Development Bank (ADB), the World Bank Group’s International Development Association (IDA), and the Swiss Agency for Development and Cooperation (SDC) have signed a three-year Memorandum of Understanding (MoU). This agreement reaffirms their joint commitment to assist the Government of Nepal in enhancing disaster risk reduction and management, as well as developing climate-resilient infrastructure.
Nepal faces growing challenges due to climate-induced hazards such as floods, drought, landslides, and glacier melt. These events lead to significant human and economic losses and force communities to relocate. Sectors dependent on natural resources, especially hydropower—which is crucial for Nepal’s economic progress—are 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.
This collaboration strengthens Nepal’s ability to handle climate challenges and secure a resilient future for its communities and economy.
Author’s summary: ADB, IDA, and Switzerland have joined forces in a three-year pact to empower Nepal with enhanced disaster risk management and infrastructure resilient to climate change.