ADB approves long-term corporate strategy

Through these country groups, the AfDB has indicated that it will also give priority to supporting lagging areas and pockets of poverty and fragility. PHOTO: FILE

MANILA: The Asian Development Bank (ADB) has approved a new long-term business strategy called Strategy 2030 that defines the institution's overall vision and strategic response to the changing needs of Asia and the Pacific. As part of the 2030 Strategy, AfDB President Takehiko Nakao said the bank will "combine finance, knowledge and partnerships to support our efforts to eradicate extreme poverty and broaden our vision for a prosperous region." , inclusive, resilient and sustainable. 19659005] The ADB says "no need to panic" on the Pakistani economy

The Manila-based bank said it would focus on seven operational priorities, including; accelerate the advancement of gender equality, combat climate change, strengthen resilience to climate change and disasters, improve environmental sustainability, make cities more liveable, promote rural development and food security, strengthen governance and institutional capacity "The AfDB will strengthen its country-centered approach, encourage the use of innovative technologies and deliver integrated interventions that combine expertise across a range of sectors and themes and through a combination of of operations of the public and private sectors ".

Within these groups of countries, the AfDB has indicated that it will also give priority to supporting lagging areas and pockets of poverty and fragility. "Investments in infrastructure – especially those that are green, sustainable, inclusive and resilient – will remain a key priority. At the same time, the ADB will expand its operations in social sectors, such as education, health and social protection. "

Posted in The Express Tribune, July 27 ^th 2018.

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