The government of Nepal and the World Bank launched the Forests for Prosperity Project to advance Sustainable Forest Management (SFM) with loans and grants for US $ 24 million out of which US $ 6.1 million as grant and US $17.9 million as concessional loans.

The project will contribute to transforming Nepal’s forest sector by improving Sustainable Forest Management (SFM), and developing and improving forest-based industries.  The project is supporting 50 municipalities in the Madhesh and Lumbini Provinces.  These activities will result in multiple benefits for forest-dependent people in both Provinces, including inclusive economic benefits, ecosystem services, and climate resilience. It will support strengthening ongoing community-based forest -management and efforts through promoting inclusive sustainable use.