Japan, Asian Development Bank Invest in Nepal Customs Service

Japan’s work with the Asian Development Bank (ADB) to modernize Nepal’s customs service signifies growing recognition by developed countries that investments in developing nations’ customs services will benefit the economies of all partners involved. The initiative is a component of implementing various regional economic initiatives as well as the World and Customs Modernization Action Plan.

These types of investments, whether through the ADB or Inter-American Development Bank (IDB) which implements similar investment projects in Latin America, are significant steps toward global economic development. However, it is important for the developed world, investment banks, and large private firms doing in-country work to appreciate the need to customize scalable solutions for developing nations and not take a ‘one-size-fits all’ approach to technology, personnel, and infrastructure development.