The World Bank Group on Friday launched a new Country Partnership Framework (CPF) for Nepal for the fiscal years 2025-2031, outlining its strategic engagement to support the country’s development goals and improve the lives of Nepalis.

The seven-year framework, unveiled during an event in Kathmandu on Friday, sets out a comprehensive plan for the World Bank Group’s operations in Nepal. It focuses on three core outcomes aligned with the group’s corporate scorecard: generating more and better jobs, fostering connected communities, and promoting a green and resilient population.

According to the CPF, the World Bank Group plans to provide around $2.7 billion over the CPF period. This funding will be delivered through a combination of development policy financing, performance-based operations, programmatic approaches, investment project financing, guarantees, advisory services, and technical assistance.

The Group will also coordinate with the Asian Development Bank, other development partners, and the private sector to identify critical reforms and priority areas for development.

The CPF identifies two central development challenges: fostering job-creating growth and strengthening resilience to natural disasters. To address these, the Group aims to overcome project implementation bottlenecks and adopt more programmatic and phased approaches. It also plans to diversify its portfolio by increasing the share of simpler and more targeted projects.

In the short term, the CPF prioritises new operations aimed at improving the business environment, boosting tourism, enhancing digital connectivity, and advancing integrated urban development—areas seen as key drivers of growth and employment.