Over the past three decades, the relationship between the People’s Republic of China (PRC) and the Asian Development Bank (ADB) has transformed from borrower-lender into a partnership for policy development, capacity building, and knowledge sharing.
“The PRC is now working closely with ADB to find ways to address its own challenges and to share its rich experience with other countries and development partners in Asia and the Pacific,” said ADB Vice-President Mr. Stephen Groff. “Going forward, the PRC government and ADB will continue to work closely together to ensure their partnership remains responsive to the evolving needs of the PRC and the region.”
Mr. Groff was in Beijing to launch A Partnership Transformed, a book detailing 30 years of cooperation between the PRC and ADB. While in Beijing, he also attended the International Forum on China’s Reform and Opening-Up and Poverty Reduction on 1 November and the annual meeting of the China Council for International Cooperation on Environment and Development, a high-level advisory body to the PRC government, on 2–3 November.
The book describes the transformation of the PRC and its relationship with ADB. When the PRC joined ADB in March 1986, it was a low-income country seeking financial, technical, and knowledge support while ADB was a fairly young institution, providing project finance in a region that was seeking to pull itself out of poverty. Since then, the PRC has grown into the second-largest economy in the world after the United States, yet still faces a number of development challenges, including persistent inequality and regional disparity, environmental degradation and climate change, and a rapidly aging population.
Between 1986 and 2017, ADB has approved $39.1 billion in financing for the PRC. Initially, the support was to the PRC’s eastern coastal region for finance and industry, but the focus has since shifted to the central, northeast, and western regions with greater emphasis on poverty reduction, regionally balanced growth, environmental protection, and helping the PRC tackle climate change.
South-south cooperation for knowledge has become a key part of the PRC–ADB partnership, and the PRC has expanded its role in ADB. In 2005, the PRC contributed for the first time to ADB’s fund for concessional lending and set up the PRC Poverty Reduction and Regional Cooperation Fund, a trust fund to finance technical assistance projects implemented by ADB.
Looking ahead, the book notes that the PRC and ADB are well-positioned to build on past achievements and address the PRC’s ongoing development challenges. ADB’s support during the period 2016–2020 includes multi-sector programs to improve air quality in the Greater Beijing–Tianjin–Hebei area and ecological recovery in the Yangtze River Economic Belt.
Digital Technology Will Help Djibouti Leap into the Future
Digital technology will have a critical part to play in boosting Djibouti’s socio-economic development and meeting the ambitious goals set out in its national strategy, Vision Djibouti 2035. As a key step toward building a strong, inclusive digital economy, the Government of Djibouti and the World Bank are co-hosting a high-level event that will explore the potential benefits of digital development and propose a concrete roadmap of action.
“Disruptive technologies are creating new business models, opening up new markets, and giving consumers access to more products and services than ever before. It is hard to overstate the economic potential of these transformations,” said Ilyas Moussa Dawaleh, Djibouti’s Ministry of Economy and Finance. “In a country like ours, developing a high-performing digital ecosystem will provide a unique chance to stimulate the economy and create jobs. The Digital Economy conference starting today will bring us one step closer to this vision.”
“The digital sector will be key to improving the lives of Djiboutian people, expanding our economy, and strengthening our position as a logistics and commercial hub. With eight submarine cable landing on our shores, there is no doubt Djibouti has what it takes to become a digital leader in the region,” noted Abdi Youssouf Sougueh, Minister of Communications. “We are keen to bring in development partners like the World Bank to leverage this infrastructure to the fullest and reinforce all the other fundamentals that are necessary to nurture a vibrant digital economy.”
The conference will bring together a wide range of government representatives, technology pioneers, and development partners. Building on this uniquely diverse combination of knowledge and global perspectives, participants will assess Djibouti’s digital landscape, share international best practices, discuss how technology can help modernize all sectors of the economy, and outline a clear strategy and action plan for digital development in the country.
“Countries around the world are leveraging digital innovation to accelerate economic growth and build a better future for people, and Djibouti is very well positioned to gain from that approach,” said Boutheina Guermazi, World Bank Director for Digital Development. “I am confident this event will pave the way for close collaboration on digital development between the Word Bank, Djibouti, and countries across the Middle East and Africa.”
In addition to discussing Djibouti’s opportunities and challenges, the event will also highlight the need for bolder action on digital development engagement across the region.
Sessions will cover all key dimensions of digital development, with a focus on how to strengthen the five pillars of the digital economy: digital infrastructure; innovation and entrepreneurship; digital financial services and identification; digital platforms; and digital literacy and skills.
“Technological innovation holds great promise for Djibouti. By harnessing the full power of the digital economy, the country could see significant GDP growth, create a future-proof labor market, and raise living standards for all segments of the population. We stand ready to work hand in hand with Djibouti on this journey, to help create the right conditions for a thriving digital sector,” said Atou Seck, World Bank Resident Representative in Djibouti.
The first shopping tourism project in Mexico
The World Tourism Organization (UNWTO) and the Municipality of León (Guanajuato, Mexico) have signed an agreement to carry out the country’s first project to develop Shopping Tourism, with the support of the Ministry of Tourism of the State of Guanajuato.
The project is expected to serve as an international reference point and as a showcase at major tourism forums.
The Tourism Observatory of the State of Guanajuato has been a member of the UNWTO International Network of Sustainable Tourism Observatories since 2014. At the World Tourism Organization’s General Assembly held in Medellín, Colombia, in September 2015, Guanajuato expressed its interest in being one of the destinations to develop a project on shopping tourism, and León was the selected destination in light of the fact that 27% of its tourists visit the city to go shopping.
The World Tourism Organization (UNWTO) is the United Nations agency responsible for the promotion of responsible, sustainable and universally accessible tourism.
The project will help León (Guanajuato, Mexico) to develop innovative shopping tourism offerings that link the public and private sectors and that highlight the destination’s tourism attractions and products as well as tourism’s contribution to socio-economic development, which includes the creation of jobs directly in the tourism sector and in the many activities related to the sector.
Smart city matchmaking in Barcelona
This year’s Smart City Expo World Congress (SCEWC), Europe’s biggest Smart City related event, takes place from 13 to 15 November in Barcelona and will, like previous editions, attract several thousand stakeholders.
During the congress, on November 14, the Smart Cities Innovation Partnership on Smart Cities (EIP-SCC) will organise its next matchmaking event, seeking to bring projects and investors together to stimulate action. It is especially tailored to match individual projects with financing.
To take part, stakeholders must register on the matchmaking platform where they will join other cities, industry and financial players. Registered users need to submit short descriptions of their upcoming projects. A dedicated team will then process and match them with financiers’ interests, leading to one-to-one meetings, organised specifically and individually for them and their projects.
Should participation in above-mentioned event not be possible, the matchmaking platform will remain available also after the Barcelona congress, as the EIP-SCC will organise further matchmaking events in the future.
In addition, there will be an exhibition stand, where interested stakeholders can meet any of the 12 Horizon 2020 Lighthouse projects (representing € 270 million of EU funding), experts from the EIP-SCC, the Smart Cities Information System, as well as the European Commission.
Finally, there will be a number of sessions organised at the mentioned exhibition stand as part of the SCEWC programme covering a wide range of Smart City related topics. The full programme is available at http://www.smartcityexpo.com/en/agenda-2018.
Pakistan a peace loving nation
Muslims when meeting each other greet “Peace be upon you”. Islam is the religion of Peace and Love, Islamophobia is...
Time to Tackle the Stigma Behind Wartime Rape
The youngest capital city in Europe, Pristina, is the ultimate hybrid of old and new: Ottoman-era architecture stands amongst communist...
Why Education? How education changed my life
I have a story to tell the world about the importance of education. I was born in a remote village...
Is nuclear energy essential for deep decarbonization?
The world is not on track to meet the target of the Paris Agreement to limit global warming to ‘well...
Three Groups of Threats from Lethal Autonomous Weapons Systems
Using autonomous technologies, artificial intelligence and machine learning in the military sphere leads to the emergence of new threats, and...
Recognition of Macedonian schism by Constantinople – Threat Remains
After the publication in Macedonian news agency Sloboden Pecat, many believers of Serbian Orthodox Church gave a sigh of relief...
Digital Technology Will Help Djibouti Leap into the Future
Digital technology will have a critical part to play in boosting Djibouti’s socio-economic development and meeting the ambitious goals set...
- Queen Rania of Jordan Wears Ralph & Russo Ready-To-Wear
- OMEGA watches land on-screen in Universal Pictures’ new film First Man
- Experience the Prada Parfum’s Way of Travelling at Qatar Duty Free
- ‘Get Carried Away’ With Luxurious Villa Stays and Complimentary Private Jet Flights
- Westin Hotels & Resorts to Debut in Maldives
Reports3 days ago
Making power systems more flexible as global energy transition accelerates
Newsdesk3 days ago
Smart city matchmaking in Barcelona
Americas2 days ago
The Meaning of a Multi-Polar World
Middle East2 days ago
The sanctions of a split
Reports2 days ago
Organisations are not doing enough to prepare for the future of work
Middle East1 day ago
Paris Peace Forum: A missed opportunity for the Middle East
Green Planet3 days ago
Bicycle comeback amongst initiatives to help Hangzhou cut air pollution
Southeast Asia2 days ago
Ahok biopic: The making of a man, the unmaking of a nation