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ADB Launches Strategy 2030 to Respond to Changing Needs of Asia and Pacific

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The Asian Development Bank’s (ADB) Board of Directors has approved a new long-term corporate strategy, Strategy 2030, that sets out the institution’s broad vision and strategic response to the evolving needs of Asia and the Pacific.

“Asia and the Pacific has made great progress over the last half century in poverty reduction and economic growth, but there are unfinished development agendas,” said ADB President Mr. Takehiko Nakao. “Under Strategy 2030, we will combine finance, knowledge, and partnerships to sustain our efforts to eradicate extreme poverty and expand our vision towards a prosperous, inclusive, resilient, and sustainable region.”

ADB’s aspirations are aligned with major global commitments such as the Sustainable Development Goals, the Financing for Development agenda, the Paris Agreement on climate change, and the Sendai Framework for Disaster Risk Reduction. Given the size of Asia and the Pacific, achieving such commitments will depend critically on the region’s success.

Strategy 2030 recognizes that the ambitious global development agenda must be tailored to specific local circumstances.  ADB will strengthen its country-focused approach, promote the use of innovative technologies, and deliver integrated interventions that combine expertise across a range of sectors and themes and through a mix of public and private sector operations.

ADB will continue to prioritize support for the region’s poorest and most vulnerable countries. It will apply differentiated approaches to meet the diverse needs of various groups of countries: fragile and conflict-affected situations, small island developing states, low-income and lower middle-income countries, and upper middle-income countries. Across these country groups, ADB will also prioritize support for lagging areas and pockets of poverty and fragility.

Infrastructure investments—particularly those that are green, sustainable, inclusive, and resilient—will remain a key priority. At the same time, ADB will expand operations in social sectors, such as education, health, and social protection.

ADB’s support will focus on seven operational priorities: (i) addressing remaining poverty and reducing inequalities; (ii) accelerating progress in gender equality; (iii) tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability; (iv) making cities more livable; (v) promoting rural development and food security; (vi) strengthening governance and institutional capacity; and (vii) fostering regional cooperation and integration.

At least 75% of the number of ADB’s committed operations (on a 3-year rolling average, including sovereign and nonsovereign operations) will promote gender equality by 2030. ADB will ensure that 75% of the number of its committed operations (on a 3-year rolling average, including sovereign and nonsovereign operations) will be supporting climate change mitigation and adaptation by 2030. Climate finance from ADB’s own resources will reach $80 billion for the period 2019 to 2030. A new corporate results framework—expected to be ready in mid-2019—will include more targets for ADB’s other operational priorities.

To support the seven operational priorities under Strategy 2030, ADB will expand and diversify its private sector operations to reach one third of ADB operations in number by 2024. “We will expand our private sector operations in new and frontier markets, such as fragile and conflict-affected situations and small island developing states. We will also support more public-private partnerships,” said Mr. Nakao.

ADB’s private sector operations will help improve environmental, social, and governance standards; provide financing that is not available from the market at reasonable terms; improve project design and development outcomes; and mitigate perceived risks.  In addition to innovative infrastructure, they will increase support for agribusiness, and support social sectors such as health and education through private ventures.

ADB will continue to be a reliable financier and catalyzer of finance. “A key measure of our success will be the volume and quality of additional resources we mobilize on top of our own financing,” Mr. Nakao added. ADB targets a substantial increase in long-term cofinancing by 2030, with every $1 in financing for its private sector operations matched by $2.50 in long-term cofinancing.

The institution will also work closely with its developing member countries to produce the most relevant knowledge products and services. It will proactively engage in research, provide high-quality policy advice, strengthen countries’ institutional capacity, and expand knowledge partnerships.

As it strives to be stronger, better, and faster, ADB will pursue a dramatic modernization of its business processes by taking advantage of available technology. It will expand its products and instruments, strengthen human resources, and accelerate its digital transformation. ADB is committed to diversity in the workforce, including promoting gender balance and a respectful work environment for all. ADB will institute a “One ADB” approach, bringing together knowledge and expertise across the organization. It will collaborate with civil society organizations in designing, implementing, and monitoring projects.

In preparing Strategy 2030, extensive consultations were carried out with a wide and representative group of stakeholders across ADB’s membership, leading development experts, and civil society organizations.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 67 members—48 from the region. In 2017, ADB operations totaled $32.2 billion, including $11.9 billion in cofinancing.

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UN mourns death of former Secretary-General Kofi Annan, ‘a guiding force for good’

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Kofi Annan was the seventh Secretary-General of the United Nations. In this photo from 2003, he is addressing reporters at Headquarters. UN Photo/Evan Schneider

The United Nations is mourning the death of former Secretary-General Kofi Annan, who passed away peacefully after a short illness, according to a statement published on his official Twitter account on Saturday. The renowned Ghanain diplomat was 80 years old.

The current UN chief, Antonio Guterres hailed him as “a guiding force for good” and a “proud son of Africa who became a global champion for peace and all humanity.”

“Like so many, I was proud to call Kofi Annan a good friend and mentor. I was deeply honoured by his trust in selecting me to serve as UN High Commissioner for Refugees under his leadership. He remained someone I could always turn to for counsel and wisdom — and I know I was not alone,” Mr. Guterres said in a statement.

“He provided people everywhere with a space for dialogue, a place for problem-solving and a path to a better world.  In these turbulent and trying times, he never stopped working to give life to the values of the United Nations Charter. His legacy will remain a true inspiration for all us.”

Kofi Annan was born in Kamasi, Ghana, on 8 April 1938.

He joined the UN system in 1962 as an administrative and budget officer with the World Health Organization in Geneva, rising through the ranks to hold senior-level posts in areas such as budget and finance, and peacekeeping.

He served as UN Secretary-General for two consecutive five-year terms, beginning in January 1997.

Mr. Annan joined the UN system in 1962 as an administrative and budget officer with the World Health Organization (WHO) in Geneva, rising to hold senior-level posts in areas such as budget and finance, and peacekeeping.

As Mr. Guterres noted: “In many ways, Kofi Annan was the United Nations. He rose through the ranks to lead the organization into the new millennium with matchless dignity and determination.”

From his beginnings in Geneva, Mr. Annan held UN posts in places such as Ethiopia, Egypt, the former Yugoslavia and at Headquarters in New York.

Following Iraq’s invasion of Kuwait in 1990, he was tasked with facilitating the repatriation of more than 900 international staff as well as the release of Western hostages.

He later led the first UN team negotiating with Iraq on the sale of oil to fund purchases of humanitarian aid.

Immediately prior to his appointment as Secretary-General in January 1997, Mr. Annan headed the UN Department of Peacekeeping Operations during a period which saw an unprecedented growth in the Organization’s field presence.

His first major initiative as UN chief was a plan for UN reform, presented to Member States in July 1997.

Mr. Annan used his office to advocate for human rights, the rule of law, development and Africa, and he worked to bring the UN closer to people worldwide by forging ties with civil society, the private sector and other partners.

As Secretary-General, he also galvanized global action to fight HIV/AIDS and combat terrorism.

Mr. Annan and the United Nations jointly were awarded the Nobel Peace Prize in 2001.

In his farewell statement to the UN General Assembly in December 2006, Kofi Annan expressed emotion over leaving what he called “this mountain with its bracing winds and global views.”

Although the job had been difficult and challenging, he admitted that it was also “thrillingly rewarding” at times.

“And while I look forward to resting my shoulder from those stubborn rocks in the next phase of my life, I know I shall miss the mountain,” he said.

However, Mr. Annan did not rest, taking on the role of UN Special Envoy for Syria in the wake of the conflict which began in March 2011.

He also chaired an Advisory Commission established by Myanmar in 2016 to improve the welfare of all people in Rakhine state, home to the minority Rohingya community.

His homeland, Ghana, established an international peacekeeping training centre that bears his name, which was commissioned in 2004.

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Waste-to-energy and circular economy workshops to be held in Uruguay

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photo: UNIDO

The Secretariat of the United Nations Framework Convention on Climate Change (UNFCCC), the United Nations Industrial Development Organization (UNIDO), the Technology Executive Committee (TEC), and the Climate Technology Centre and Network (CTCN) are organizing two workshops during the Latin America & Caribbean Climate Week (LACCW), which will take place between 20 and 23 August in Montevideo. The sessions, titled: “Enabling circular economy solutions to boost climate action” and “Enabling waste-to-energy, industrial waste reuse and prevention solutions to achieve circular economy and boost climate action”, will be held as part of the Regional Technical Expert Meetings on Mitigation (TEMs-M) and the Marrakech Partnership for Global Climate Action.

The first workshop will present the concept of “circular economy”, an alternative to a traditional linear economy (make, use and dispose), which is restorative and regenerative by design and redefines products and services to design waste out, being ultimately powered by renewables. The second workshop will then discuss how waste-to-energy, industrial waste reuse and prevention solutions are integral parts to achieving a circular economy and its associated economic and environmental benefits.

The events will bring together members from the civil society, UN agencies and financial institutions. The high-impact case studies presented will serve as a basis for discussion on the vision/goal in terms of harnessing mitigation potential and co-benefits of circular economy related policies, practices and actions as well as on innovative approaches to waste-to-energy and waste reuse/prevention that are actionable in the short term for the region. Participants will learn the necessary elements for replication and upscaling of circular economy and specifically waste-to-energy solutions, such as policy, partnerships and the need of financial, technical and capacity building resources.

Manuel Albaladejo, UNIDO Representative in Uruguay, said, “It is important to understand that the circular economy starts at the design stage and that profitability rarely comes by bending a linear model into a circular one.”

With the Latin America Carbon Forum as a cornerstone event, the focus of Latin America & Caribbean Climate Week (LACCW) will be placed on market-based approaches, economic instruments and climate-aligned finance to drive investment in climate action.

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Multilateralism: The only path to address the world’s troubles

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Secretary-General António Guterres (center) meets with Rohingya refugees in Cox’s Bazaar, Bangladesh. Photo: UNFPA Bangladesh/Allison Joyce

As the world’s problems grow, multilateralism represents to best path to meet the challenges that lie ahead, said United Nations Secretary-General António Guterres on Tuesday, launching his annual report.

The Report of the Secretary-General on the Work of the Organization  for 2018, also tracks the progress made over the last year in maintaining peace and security, protecting human rights, and promoting sustainable development.

“I started my tenure calling for 2017 to be a year of peace, yet peace remains elusive,” said the UN chief in the report’s introduction, noting that since January last year “conflicts have deepened, with grave violations of human rights and humanitarian law; inequality has risen, intolerance has spread, discrimination against women remains entrenched and the impacts of climate change continue to accelerate.”

“We need unity and courage in setting the world on track towards a better future,” stressed Mr. Guterres, crediting the Sustainable Development Goals (SDGs) for generating coordinated efforts by Member States and civil society to “alleviate poverty and build peaceful, prosperous and inclusive societies.”

Wide-ranging reform

The most comprehensive reform of the UN development system in decades already underway, led by Mr. Guterres and his deputy, Amina Mohammed, aims to strengthen the Organization’s capacity to support Member States in achieving the 17 SDGs.

While the report points to gains, such as increased labour productivity, access to electricity and strengthened internet governance, it also illustrates that progress has been uneven and too slow to meet the 2030 Agenda for Sustainable Development Goals within the given time frame.

For example, in 2015, three out of 10 people did not have access to safe drinking water, and  60 per cent lacked safe sanitation. Moreover conflicts, disasters and climate change are also adversely affecting populations.

The report underlines the importance of building stronger multilateral partnerships with Member States; regional and international organizations; and civil society; to “find solutions to global problems that no nation alone can resolve.”

Although the 2018 High-Level Political Forum on Sustainable Development of 2018 reflected some positive initiatives, it also showed the urgent need to step up efforts in areas such as energy cooperation, water and terrestrial ecosystems.

According to the report, “partnerships are key to achieving the SDGs” – and as of June, 3,834 partnerships had been registered with the Partnerships for the SDGs online platform from different sectors across all the 17 goals.

With regard to technology, last October a joint meeting of the Economic and Social Council (ECOSOC) and the Second Committee welcomed Sophia, the first robot to sit on a UN panel. This gave a glimpse into the advances being made in the realm of Artificial Intelligence.

Turning to young people, UN Youth Envoy, Jayathma Wickramanayake, of Sri Lanka, is continuously advocating for their needs and rights, including in decision-making processes at all levels, and in strengthening the UN system’s coordination on delivering for youth, and with their increased participation.

The UN report also spoke to the growing scale, complexity and impact of global migration. In July, the General Assembly agreed a Global Compact for Safe, Orderly and Regular Migration, which will be presented for adoption in December at an Intergovernmental Conference in Morocco.

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