ADB sets new long-term course via Strategy 2030

The Asian Development Bank (ADB) has released a new long-term program aimed at addressing unfinished and emerging issues in the Asia-Pacific region.

“Strategy 2030 sets the course for the Asian Development Bank to respond effectively to the region’s changing needs,” the Manila-based multilateral lender said in an executive summary.

“Under Strategy 2030, ADB will sustain its efforts to eradicate extreme poverty and expand its vision to achieve a prosperous, inclusive, resilent and sustainable Asia and the Pacific,” it added.

Operational priorities under the program are the following:

*  Addressing remaining poverty and reducing inequalities;
*  accelerating progress in gender equality;
*  tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability;
*  making cities more livable;
*  promoting rural development and food security;
*  strengthening governance and institutional capacity; and
* fostering regional cooperation and integration.

The region, it noted, had made “great strides” in terms of reducing poverty and economic growth.

“However, there are unfinished development agendas. Issues such as poverty and vulnerability, rising inequality, climate change, growing environmental pressures and large infrastructure deficits remain to be addressed,” the ADB said.

“Emerging trends, such as technological advancements, urbanization and changing demographos present opportunities and challenges,” it added. Ed VelascO

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