Nepal: Asian Development Bank Member Fact Sheet 2017

Abstract

Nepal has made notable socioeconomic progress in recent years: literacy rates have increased, poverty rates have declined, and gender disparities have narrowed. Nepal now strives to graduate to lower middle-income country status and achieve the Sustainable Development Goals by 2030. In 2017, local government elections and the fi rst-ever elections to state assemblies and the Federal Parliament marked crucial steps for the country in its transition towards federalism, as enshrined in the 2015 Constitution.