In 2021, Nepal adopted the Green, Resilient and Inclusive Development (GRID) approach to systematically address the impacts of COVID-19 and Nepal’s structural challenges, including slow national job creation, strong vulnerability to climate change and environmental degradation, low inclusion rates, and significant infrastructure gaps.

The GRID approach involves a fundamental change in risk and development management: from a simple reactive response to a deliberate proactive stimulus strategy for long-term green growth, climate action and sustainable development for all.

Led by the Government of Nepal, the GRID approach is supported by development partners who have been convened with the co-leadership of the World Bank and UK FCDO, to align financial and non-financial support.

Development partners have already committed $ 3.2 billion in resources and identified up to $ 4.2 billion in potential future support in sectors affected by GRID.

Nepal’s GRID approach builds on several strategic initiatives such as Nepal’s Nationally Determined Contribution and its 2020 Relief, Recovery and Resilience (3R) plan.

The GRID high-level roundtable is an important step in setting direction and providing information to the government to prepare its GRID strategic action plan for the next decade and beyond. It aims to:

  • Reconfirm, coordinate and plan for scaling up financial and non-financial support to Nepal’s GRID goals.
  • Exchange views on potential priority investments, incentives (markets and policies), institutional actions and information needed to support Nepal’s GRID transition.
  • Sign the Kathmandu Joint Declaration on GRID.


Source link

Leave a Reply

Your email address will not be published.