Masatsugu Asakawa assumes office as the 10th President of the Asian Development Bank (ADB) today.
“I am honored to assume the role of ADB President and to begin working in close cooperation with our 68 members. ADB has been a trusted partner of the region for more than half a century, supporting strong growth that has improved the lives of people across Asia and the Pacific. I will strive to ensure ADB remains the preferred choice of its clients and partners,” Mr. Asakawa said.
Mr. Asakawa succeeds Mr. Takehiko Nakao, who stepped down on 16 January 2020.
In a career spanning close to four decades, Mr. Asakawa has held a range of senior positions at the Ministry of Finance of Japan, including Vice Minister of Finance for International Affairs, and gained diverse professional experience in development policy, foreign exchange markets, and international tax policy.
He served as Finance Deputy for the 2019 G20 Osaka Summit and the G20 Finance Ministers and Central Bank Governors meeting in Fukuoka, Japan. Furthermore, in the immediate aftermath of the Global Financial Crisis, he took part in the first G20 Leaders’ Summit Meeting in his capacity as Executive Assistant to the then Prime Minister Taro Aso. Mr. Asakawa has had frequent engagement with the Organisation for Economic Co-operation and Development, including as Chair of the Committee on Fiscal Affairs from 2011 to 2016. Mr. Asakawa’s extensive international experience includes service as Chief Advisor to ADB President Mr. Kimimasa Tarumizu between 1989 and 1992, during which period he spearheaded the creation of a new office in ADB focused on strategic planning.
“I am thrilled to be in Manila, where I will dedicate myself to ADB members in the region and beyond, while listening carefully to their voices. With the expertise of ADB staff, and by further enhancing its effectiveness and efficiency, I am confident that ADB can stand up to the challenges that the region faces. I pledge to do my best to achieve a more prosperous, inclusive, resilient, and sustainable Asia and the Pacific,” Mr. Asakawa said.
Mr. Asakawa served as a Visiting Professor at the University of Tokyo from 2012 to 2015 and at Saitama University from 2006 to 2009.
He obtained his Bachelor of Arts from the University of Tokyo in 1981 and MPA from Princeton University in 1985.
Conditions worsen for stranded migrants along Belarus-EU border
At least eight people have died along the border between Belarus and the European Union, where multiple groups of asylum-seekers, refugees and migrants have been stranded for weeks in increasingly dire conditions.
The UN Refugee Agency, UNHCR, appealed for urgent action on Friday, to save lives and prevent further suffering at the border with Latvia, Lithuania, and Poland. The latest casualty was reported within the past few days.
UNHCR warned that the situation will further and rapidly deteriorate as winter approaches, putting more lives in danger.
For the Agency’s Regional Director for Europe, Pascale Moreau, “when fundamental human rights are not protected, lives are at stake.”
“It is unacceptable that people have died, and the lives of others are precariously hanging in the balance. They are held hostage by a political stalemate which needs to be solved now,” he said.
According to media reports, the EU regards the increase in asylum seekers at the border, a direct result of Belarus, in effect, weaponizing migrants, in retaliation for sanctions placed on the Government over the suppression of the protest movement following last year’s disputed re-election of President Lukashenko.
Among those stranded are 32 Afghan women, men and children. They have been left in limbo between Poland and Belarus since mid-August, unable to access asylum and any form of assistance. They do not have proper shelter and no secure source of food or water.
A group of 16 Afghans tried to cross into Poland this week, but they were apprehended and not allowed to apply for asylum. They were also denied access to legal assistance. Within a few hours, they were pushed back across the border to Belarus.
So far, UNHCR has not been granted access to meet with the group from the Polish side, despite repeated requests, and only met them a few times from the Belarusian side to deliver life-saving aid.
The Agency has been advocating for the group to be granted asylum, since the Afghans have expressed their wish to settle either in Belarus or in Poland.
The request has been ignored by both sides. For UNHCR, that is “a clear violation of international refugee law and international human rights law.”
“We urge Belarus and Poland, as signatories to the 1951 Refugee Convention, to abide by their international legal obligations and provide access to asylum for those seeking it at their borders.
“Pushbacks, that deny access to territory and asylum, violate human rights in breach of international law”, said Mr. Moreau.
UNHCR urges the authorities to determine and address humanitarian and international protection needs, and find viable solutions. The agency also stands ready to support refugees, together with other relevant stakeholders.
“People must be able to exercise their rights where they are, be it in Belarus or in Poland or other EU States where they may be located. This must include the possibility to seek asylum, access to legal aid, information and appropriate accommodation”, Mr. Moreau concluded.
Madagascar: Severe drought could spur world’s first climate change famine
More than one million people in southern Madagascar are struggling to get enough to eat, due to what could become the first famine caused by climate change, according to the World Food Programme (WFP).
The region has been hit hard by successive years of severe drought, forcing families in rural communities to resort to desperate measures just to survive.
Madagascar, the fourth largest island in the world, has a unique ecosystem which includes animals and plants found nowhere else on the planet. The country experiences a dry season, usually from May to October, and a rainy season that starts in November.
Daily life disrupted
However, climate change has disrupted the cycle, affecting smallholder farmers and their neighbours, said Alice Rahmoun, WFP Communications Officer in the capital, Antananarivo, speaking to UN News on Thursday.
“There is of course less rain, so when there is the first rain, they can maybe have hope and sow some seeds. But one little rain is not a proper rainy season,” she said.
“So, what we can say is that the impacts of climate change are really stronger and stronger….so harvests fail constantly, so people don’t have anything to harvest and anything to renew their food stocks.”
Ms. Rahmoun was recently in southern Madagascar, where WFP and partners are supporting hundreds of thousands of people through short and long-term assistance.
The impact of the drought varies from place to place, she said. While some communities have not had a proper rainy season for three years, the situation might be even worse 100 kilometres away.
She recalled seeing villages surrounded by dried-out fields, and tomato plants which were “completely yellow, or even brown”, from lack of water.
Surviving on locusts
“In some areas they are still able to plant something, but it’s not easy at all, so they are trying to grow sweet potatoes. But in some other areas, absolutely nothing is growing right now, so people are just surviving only eating locusts, eating fruits and cactus leaves,” said Ms. Rahmoun.
“And, just as an example, cactus leaves are usually for cattle; it is not for human consumption.”
The situation is even more dire because, she added, “even the cactus are dying from the drought, from the lack of rain and the lack of water, so it’s really, really worrying”.
Families barely coping
The plight of families is also deeply troubling. “People have already started to develop coping mechanisms to survive,” she said.
“And that means that they are selling cattle, for example, to get money to be able to buy food, when before, they were able to get food and feed themselves from their own field production, so it’s really changing the daily life for people.”
Valuable assets such as fields, or even houses, are also put up for sale. Some families have even pulled their children out of school.
“It’s also a strategy right now to gather the family’s forces on finding income-generating activities involving children, so this has obviously a direct impact on education,” Ms. Rahmoun said.
Providing life-saving aid
WFP is collaborating with humanitarian partners, and the Malagasy Government, to provide two types of response to the crisis. Some 700,000 people are receiving life-saving food aid, including supplementary products to prevent malnutrition.
“The second one is more long-term response to allow local communities to be able to prepare for, respond to and recover from climate shocks better,” said Ms. Rahmoun. “So, this includes resilience projects such as water projects. We’re doing irrigation canals, reforestation and even microinsurance to help smallholder farmers to recover from a lost harvest, for example.”
WFP ultimately aims to support up to one million people between now and April, and is seeking nearly $70 million to fund operations. “But we are also involving more partners to find and fund climate change solutions for the community to adapt to the impacts of climate change in southern Madagascar.”
COP26: Prioritize adaptation
In just over a week, world leaders will gather in Glasgow, Scotland, for the COP26 UN climate change conference, which UN Secretary-General António Guterres has called the last chance to “literally turn the tide” on an ailing planet.
Ms. Rahmoun said WFP wants to use the conference to shift the focus from crisis response, to risk management.
Countries must be prepared for climate shocks, and they must act together to reduce severe impacts on the world’s most vulnerable people, which includes the villagers of southern Madagascar.
“COP26 is also an opportunity for us to ask governments and donors to prioritize funding relating to climate adaptation programmes, to help countries to build a better risk management system, and even in Madagascar, because if nothing is done, hunger will increase exponentially in the coming years because of climate change,” she said, adding: “not only in Madagascar, but in other countries.”
Albania Has Opportunity to Build a More Sustainable Growth Model
Albania’s economy, like other countries in the region, is recovering faster than expected after the historic recession created by the COVID-19 pandemic. Following the contraction of the economy by 4 percent in 2020, GDP growth is projected to reach 7.2 percent in 2021, one of the highest among Western Balkans countries, says the latest edition of the Western Balkans Regular Economic Report, Greening the Recovery.
The strong recovery is supported by consumption, tourism, and construction. Going forward, growth is expected to moderate at 3.8 percent in 2022 and 3.7 percent in 2023.
Albania’s poverty rate is projected to fall below its pre-pandemic level by end-2021. Employment and labor force participation is also recovering, albeit with a lag, and real wages are increasing.
The recovery is contributing to fiscal revenue collection. Macroeconomic policies have supported the recovery, but higher spending has led to a further rise in the debt-to-GDP ratio. Economic uncertainty remains high, as the COVID-19 pandemic continues worldwide.
“The Albanian economy has shown encouraging signs of recovery in 2021,” said Emanuel Salinas, World Bank Country Manager for Albania. “As growth rebounds, Albania has the opportunity to strengthen the sustainability of its economic model and implement reforms that further support sustainable and shared growth, while preserving macroeconomic stability.”
The report shows that the Western Balkans region has improved significantly, with GDP growth now projected to reach 5.9 percent in 2021, after a 3.1 percent contraction in 2020. Growth in the region is projected at 4.1 percent in 2022 and 3.8 percent in 2023.
The poverty rate for the region is projected to resume its pre-pandemic downward trend and fall by around 1 percentage point to 20.3 percent, close to its 2019 level.
The regionwide recovery is due to strength in both domestic and external demand. A sharp rebound in domestic consumption and in travel across Europe helped boost remittances as well as tourism inflows during the 2021 peak summer season. A strong recovery in advanced economies also provided a boost to demand for the region’s exports.
However, the recovery remains fragile. Early warning signals from the labor market call for close policy attention. Job losses from the recession and its aftermath have disproportionately affected women and youth, which may set back efforts to raise the region’s perennially low rates of labor force participation. Youth unemployment in the region rose to 37.7 percent in 2021, up 5.4 percentage points from June 2020, further worsening youth employment prospects.
“As the Western Balkans countries look to a post-pandemic future, their policy approach will need to focus on addressing key impediments to job creation and economic transformation, including green transition,” said Linda Van Gelder, World Bank Country Director for the Western Balkans. “All six countries would benefit from reforms in the business environment, governance, and digitalization, which would contribute to growth and close the gap with EU countries.”
The report also looks at the macro-fiscal challenges and drivers of greening the region’s growth. The Western Balkans now find themselves at a key decision point regarding the impending green transition.
Global strides toward climate action are causing fundamental changes in society. Consumer and investor preferences are shifting, green technologies and new business models are disrupting more markets, and green policies are reshaping economic landscapes. As such, greening a country’s economy is becoming a decisive factor in international competitiveness and the ability to attract international finance and investments.
The Western Balkans are no exception. Still characterized by a development model tilted toward familiar brown industries, moving toward a green growth pathway is far from easy, especially in the short term. Yet, the green transition offers significant opportunities for the Western Balkans – including closer integration into Euro-centric global value chains and access to significant EU resources to help fund a green transition.
Effectively managing this green transition, including the many policy tradeoffs, will need to be a core focus of policy attention for the Western Balkans in the years ahead.
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