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Green, Resilient, Inclusive Development (GRID) in Action: A High-level Dialogue for Nepal

June 21, 2022
Nepal

Watch Video: Green, Resilient, and Inclusive Development: A High-Level Dialog for Nepal

ABOUT THE EVENT

The event Green, Resilient, and Inclusive Development (GRID) in Action: A High-Level Dialogue for Nepal with the government, development partners, private sector, think tanks, and youth representatives was organized by the World Bank on June 21, 12:00-1:45 PM. 

The high-level dialogue discussed:

·       Advancing Nepal’s shift to a green, resilient, and inclusive development (GRID) pathway, building on the September 2021 Kathmandu Declaration on GRID endorsed by the Government of Nepal (GoN) and 17 Development Partners (DPs).

·       Priorities, challenges, and opportunities for investment, institutions, incentives, and information to inform Nepal’s GRID Strategic Action Plan on which the government has just started preparing.

·       Forging a shared understanding of integrated climate and development priorities as part of Nepal’s GRID pathway, based on the World Bank’s upcoming Climate Change Development Report (CCDR).

The High-level dialogue was organized as a part of the visit of Ms. Mari Elka Pangestu, World Bank Managing Director of Development Policy and Partnerships and World Bank Vice President for South Asia, Mr. Hartwig Schafer.

                                                                  

Last Updated: Jun 22, 2022

CONTEXT

In September 2021, the World Bank joined hands with the government of Nepal and development partners to endorse the landmark ‘Kathmandu Declaration’ for a strategic action plan for green, resilient, and inclusive development (GRID) of Nepal to systematically address the impacts of COVID-19 and the country’s structural challenges.

The GRID approach involves a fundamental shift in managing risk and development: from a reactive response to a deliberate and proactive recovery strategy for long-term green growth, climate action, and sustainable and inclusive development for all. To support GRID, Nepal’s Development partners have identified up to $4.2 billion in potential future support, in addition to the $3.2 billion in previously committed resources.

Event Details