THT 10 YEARS AGO: ADB Loan for Women Empowerment

Dec 17th, 2014 | By | Category: Financing, Nepal

Asian Development Bank (ADB) will promote greater economic, social, legal, and political empowerment of poor rural women in Nepal, particularly those from ethnic minorities and lower castes, through a $10 million loan approved today, states a press release issued here today.

The loan, for the Gender Equality and Empowerment of Women Project, will target women who have not benefited from past development projects in 15 of the country’s poorest and most disadvantaged districts in the Midwestern and Far Western regions and Central Region, where gender discrimination is pervasive and deep. The project comprises four components covering economic, legal, social, and institutional empowerment.

“The causes of poverty and marginalisation of poor rural women are interwoven so that one cannot be tackled in isolation from the others,” says Marzia Mongiorgi, an ADB project economist, “A comprehensive and cross-sectoral approach is crucial if gender discrimination is to be eliminated. Only a project in which the components reinforce and support each other has the potential to fully address the multiple constraints and deprivations facing poor women in Nepal.” The low status of women in Nepal can be traced to a number of interrelated economic, legal, cultural, political, and institutional factors.

Women’s poverty is exacerbated by caste and ethnicity-based discrimination, as the caste system defines access to resources and opportunities.

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