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Rebuilding livelihoods, Building Back Better key for Nepal: ADB vice-president | Nepali Economy
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Rebuilding livelihoods, Building Back Better key for Nepal: ADB vice-president

Nepal needs immediate help to rebuild livelihoods after last month’s devastating earthquake but in the longer term, the country must make sure it is more resilient to future disasters, according to Asian Development Bank (ADB) vice president for Knowledge Management and Sustainable Development Bindu Nath Lohani.
“Immediate support is needed to help affected people get transitional shelters that can withstand the monsoon season, and farmers resume preparations for the rice sowing season that is to start within a few weeks,” he said at the Build Back Better Reconstruction seminar for Nepal organised by the government and Japan International Cooperation Agency (JICA), here in the capital today.
“But we need to ensure that the recovery process results in higher disaster resilience, both physically and institutionally,” he added.
The 7.8-magnitude devastating earthquake that struck on April 25 and subsequent aftershocks and landslides killed over 8,600 people and damaged hundreds of thousands of homes and buildings. They also destroyed food stocks, livestock and swept away farmland.
Weakness in the agriculture, industry, and services sectors could push Nepal’s economic growth down to 3.8 per cent in the current fiscal year and potentially lower, if supply disruptions continue.
Lohani also shared experiences and lessons learned from ADB’s involvement in several disaster-related reconstruction efforts including in response to earthquakes in India and Pakistan, the 2004 Asian tsunami and, most recently, Typhoon Yolanda which hit the Philippines in 2013.
Given Nepal is highly vulnerable to natural hazards and extreme climate events are already costing the country around 1.5 per cent to 2 per cent of gross domestic product (GDP) every year, the country must build back better, Lohani said, adding that the planning must consider the entire area affected by the earthquake. “Sites where new infrastructure will be relocated need to be properly selected, hazard-resilient building designs must be used, building codes must be fully applied and, where needed, building by-laws must be strengthened and better enforced.”
Noting the positive efforts the government has made in recent years, the vice president said there was nevertheless an opportunity to strengthen the country’s institutional set up for disaster risk management. ADB would, he said, apply a ‘flexible approach’ to help meet Nepal’s rapidly evolving needs.
ADB has already handed over a $3 million grant from the Asia-Pacific Disaster Response Fund for immediate relief efforts in Nepal and will provide up to $200 million more for the first phase of rehabilitation. It has also expanded by $40 million the financing available through its Trade Finance Programme to help Nepal’s banks finance imports for reconstruction.
Between 1987 and 2014, ADB has provided $6.57 billion for disaster response.
ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, it is owned by 67 members – 48 from the region. In 2014, ADB assistance totaled $22.9 billion, including cofinancing of $9.2 billion.