This report is a compendium of understanding, concepts, experiences and lessons of disaster risk management (DRM), emergency response planning and capacity building in Nepal. It also provides a chronology of the development of DRM processes in the country including government's initiatives in creating suitable policy and legal environments for effective disaster risk reduction (DRR), creation of Disaster Cluster Groups, participation of Nepal in global initiatives in DRR including the International Decade for Natural Disaster Reduction (IDNDR) and the International Strategy for Disaster Reduction (ISDR), participation in the formulation of Hyogo Framework of Action (HFA) and translation of its meaning to Nepalese context, participation in Global Platform for Disaster Risk Reduction. The report looks into the level of natural hazards the country is exposed to, and explores the social, economic, and political meanings of disasters for the country. It makes a case on why and how Nepal should address the issues of DRM in order to preserve and enhance the well-known resilience of the Nepalese to adversaries and vagaries of nature, and ensure incorporation of DRR into country’s developmental efforts.