Completion of infrastructure to connect inland waterways of India and Bangladesh could ease movement between the two countries, and make transport of freight to Nepal and Bhutan faster and less expensive. Opening inland waterways would make alternative modes of transport viable and could open up livelihood opportunities, helping facilitate trade in Bangladesh, Bhutan, India, and Nepal, according to experts attending a forum on subregional inland waterways.
Tags: Bangladesh, Bhutan, India, Nepal, Poverty Reduction, Sustainable Development Goals, Transport
Transboundary rivers between India and Nepal have huge hydropower and irrigation potential. Developing these rivers can become an engine for regional development, alleviating poverty for millions of people within a reasonable timeframe. With improved relations between Bangladesh, Bhutan, India and Nepal, formulating and implementing sustainable plans to manage these rivers presents a significant win-win opportunity for the subregion.
Tags: India, Nepal, Hydropower, Kosi River, Sustainability, Poverty Reduction
The Railway Sector Investment Program, approved by the Asian Development Bank on October 2006 as a multitranche financing facility with total cost of $537.5 million, is approaching completion within 2015. The project contributes to sustainable economic growth and poverty reduction in Bangladesh by improving the country's railway network.
Tags: Bangladesh, Transport, Poverty Reduction
Economic dynamism in the Asia-Pacific region has been driven primarily by individual economies, yet to ensure sustainable growth in the future, countries must integrate and cooperate to share prosperity, according to the 2014edition of the Economic and Social Survey of Asia and the Pacific.
Tags: Regional Cooperation, Poverty Reduction, UNESCAP, Asia-Pacific, Energy, Connectivity, ICT, LDC, SASEC, Trade, Transport
Nepal’s Alternative Energy Promotion Centre has installed its first wind-solar hybrid system in Dhaubadi village of Nawalparasi district, with Asian Development Bank support. The clean energy approach of this successful pilot project, already providing energy services to 46 rural households, can be replicated under a proposed SASEC power system expansion project.
Tags: Energy, Nepal, Poverty Reduction, ADB, SASEC
Mr. Madhu Kumar Marasini, Joint Secretary, Ministry of Finance represented the Government of Nepal at the official launch of activities under a $1.5 million technical assistance project financed by the Japan Fund for Poverty Reduction, on 21 May 2014 in Kathmandu, Nepal. The capacity development technical assistance will support trade facilitation initiatives being carried out under the South Asia Subregional Economic Cooperation (SASEC) Trade Facilitation Program.
Tags: Trade Facilitation, Nepal, SASEC, ADB, WCO, Poverty Reduction, Customs