Xinhua, Manila :
The Asian Development Bank (ADB) renewed on Saturday its strong commitment to eradicate extreme poverty in Asia and the Pacific and expand the bank’s vision to achieve a prosperous, inclusive, resilient, and sustainable region.
ADB President Takehiko Nakao bared the ADB’s new long-term Strategy 2030 in his opening address at the 51st annual meeting of ADB’s Board of Governors held at its headquarters in Manila, the Philippine capital.
Nakao highlighted the Strategy 2030 which is in the consultation process, ADB’s achievements in 2017, continued solid growth of Asian economies, and impacts of new technologies on jobs.
In his speech, Nakao said the Strategy 2030 will address existing and emerging challenges. “There is still persistent poverty,” Nakao said.
Nakao stressed the need to “address rising inequality, growing environmental pressures, and rapid urbanization,” adding that “aging in some countries and an increasing youth population in others present opportunities as well as challenges.”
Nakao said Strategy 2030 will be aligned with international agendas, including the Sustainable Development Goals and the Paris Agreement on climate change.
The Strategy 2030 will have 10 priorities – tackle remaining poverty and increasing inequalities in Asia and the Pacific; accelerate progress in gender equality; scale up support to combat climate change, build climate and disaster resilience, and enhance environmental sustainability; and build livable cities that are competitive, green, resilient, and inclusive.
The six other priorities are to promote rural development and food security; strengthen governance; foster regional cooperation and integration; mobilize private sector resources to meet the region’s huge development financing needs; further strengthen ADB’s role as a provider and facilitator of knowledge; and pursue a stronger, better, and faster ADB.
“A One ADB approach will break down silos and bring together expertise across ADB,” Nakao added.
In his speech, Nakao also appreciated the strong support of the Philippines as ADB’s host country since 1966 and thanked the government and its people for the excellent arrangements and warm hospitality.
The Asian Development Bank (ADB) renewed on Saturday its strong commitment to eradicate extreme poverty in Asia and the Pacific and expand the bank’s vision to achieve a prosperous, inclusive, resilient, and sustainable region.
ADB President Takehiko Nakao bared the ADB’s new long-term Strategy 2030 in his opening address at the 51st annual meeting of ADB’s Board of Governors held at its headquarters in Manila, the Philippine capital.
Nakao highlighted the Strategy 2030 which is in the consultation process, ADB’s achievements in 2017, continued solid growth of Asian economies, and impacts of new technologies on jobs.
In his speech, Nakao said the Strategy 2030 will address existing and emerging challenges. “There is still persistent poverty,” Nakao said.
Nakao stressed the need to “address rising inequality, growing environmental pressures, and rapid urbanization,” adding that “aging in some countries and an increasing youth population in others present opportunities as well as challenges.”
Nakao said Strategy 2030 will be aligned with international agendas, including the Sustainable Development Goals and the Paris Agreement on climate change.
The Strategy 2030 will have 10 priorities – tackle remaining poverty and increasing inequalities in Asia and the Pacific; accelerate progress in gender equality; scale up support to combat climate change, build climate and disaster resilience, and enhance environmental sustainability; and build livable cities that are competitive, green, resilient, and inclusive.
The six other priorities are to promote rural development and food security; strengthen governance; foster regional cooperation and integration; mobilize private sector resources to meet the region’s huge development financing needs; further strengthen ADB’s role as a provider and facilitator of knowledge; and pursue a stronger, better, and faster ADB.
“A One ADB approach will break down silos and bring together expertise across ADB,” Nakao added.
In his speech, Nakao also appreciated the strong support of the Philippines as ADB’s host country since 1966 and thanked the government and its people for the excellent arrangements and warm hospitality.
