Kathmandu, July 22 -- The Asian Development Bank (ADB) on Tuesday unveiled its five-year Country Partnership Strategy (CPS) for Nepal for the period 2025 to 2029. The strategy incorporates flexibility to account for the country's evolving needs and growing global uncertainties.

Notably, the exit of major development partners-the United States Agency for International Development (USAID) and the Millennium Challenge Corporation (MCC)-has created funding gaps in key sectors, including education, health, and infrastructure, which the CPS aims to help address.

The Philippines-based multilateral lending agency stated that Nepal, classified as a developing member country with a low risk of debt distress, remains eligible for concessional ordi...