Kathmandu, Feb. 28 -- The Asian Development Bank (ADB) Chief Economist and Director General of the Economic Research and Development Impact Department, Albert F. Park, on Friday commended Nepal's policymakers for their efforts in reducing poverty over the past two decades.

Park made these remarks on the final day of a four-day mission to Nepal, which included meetings with Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel and Governor of Nepal Rastra Bank Maha Prasad Adhikari.

During his meetings, Park acknowledged Nepal's significant progress in poverty reduction but highlighted the need to address key challenges to achieve sustainable, long-term growth. He emphasised the importance of transitioning from a remittance-depe...