Catalog

A Mutual Understanding
ADB Review [ August 2005 ]

ADB and GDC sign agreement to enhance opportunities for collaboration

The Asian Development Bank (ADB) and the German Development Cooperation (GDC) signified their intent to cooperate with each other on areas of mutual interest, and to enhance opportunities for collaboration.

ADB President Haruhiko Kuroda and the Permanent Secretary of the German Ministry for Economic Cooperation Uschi Eid signed a letter of intent during the President’s meeting with the German delegation immediately before the opening ceremony of ADB’s 38th Annual Meeting of the Board of Governors in Istanbul.

SHARED GOALS ADB-GDC collaboration will enhance the institutions’ effectiveness; ADB President Haruhiko Kuroda and the Permanent Secretary of the German Ministry for Economic Cooperation Uschi Eid after signing the letter of intent

“ADB believes that collaboration with GDC will strengthen institutional capacities in both organizations, and enhance the efficiency and effectiveness of the use of their respective resources,” says Mr. Kuroda.

The two institutions will explore possibilities for effective collaboration in areas such as education, water supply and sanitation, energy, transport, health and nutrition, finance, urban development, and environmental sustainability.

The collaboration between ADB and GDC may involve cofinancing investment projects and policy programs, developing new financing instruments, sponsoring joint seminars or conferences, promoting staff exchanges, as well as regularly exchanging information on their respective regional and country programs, and on other areas of common interest.

GDC aims to achieve a global structural and peace policy, help resolve crises and conflicts in a peaceful manner, ensure that scarce resources are more equitably shared, and preserve the natural environment for coming generations. It also aims to help reduce poverty.

At present, GDC comprises the Federal Ministry for Economic Cooperation and Development, Kreditanstalt für Wiederaufbau Development Bank, Deutsche Gesellschaft für Technische Zusammenarbeit, Capacity Building International, German Development Service, Centre for International Migration, and German Investment and Development Company.

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