In this issue read about economist Jeffrey Sachs' perspective on the global financial crisis, ADB President Kuroda's meeting in Davos, discussions over ADB's general capital increase, and an advisory group appointed to advise ADB on human resources management. Featured are the ADB assistance to Grameen Telecom in Bangladesh and a water supply and sanitation project in Jilin, People's Republic of China. Also, find out the latest on ADB events, publications, and opportunities.
The global economic crisis should be viewed by Asia's policymakers as an opportunity to expand investment in "desperately" needed public goods, economist Jeffrey Sachs tells an ADB audience.
ADB has announced the establishment of an advisory group of six eminent persons to advise on institutional and human resources management under its long-term strategic framework, Strategy 2020.
ADB President Discusses Financial Crisis with MDB Heads in Davos
ADB's President Kuroda participated in a special meeting of the multilateral development bank (MDB) heads hosted by Swiss Federal Councillor Doris Leuthard in Davos. The discussions focused on the financial crisis, its effects on the MDBs and their countries of operation, as well as the evolving international aid and financial architecture. President Kuroda also spoke about the importance of regional cooperation and the impact of the crisis on Asia's Big Three: the People's Republic of China, India, and Japan. He held several bilateral meetings with government and business leaders over four days.
ADB is discussing its general capital increase with member governments to obtain the financial capacity to pursue its vision of an Asia and Pacific region free of poverty and deliver its long-term strategy to 2020.
ADB announced its rebate rate for US dollar and Japanese Yen Libor-based loans.
Project News
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Helping to Grow Micro Insurance Service in Bangladesh A $2 million grant approved by the ADB Board of Directors will aid the development of the micro insurance sector in Bangladesh and help to reduce the vulnerability of the poor from sudden losses of income.
Lake's Rehabilitation Offers Hope for China's Polluted Waterways The restoration of the polluted West Lake in Hangzhou, Zhejiang province in the People's Republic of China provides a model for the successful revival of other damaged waterways and wetlands, according to a new ADB publication.
New Advisory Center to Improve Infrastructure in the Pacific A partnership of government and international development agencies today announced the establishment of a new advisory center to assist in improving infrastructure and services in Pacific island nations.
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ADB Loan to Help Boost Inclusive Growth in Maldives A $7.5 million loan from ADB to Maldives will help strengthen private sector development and promote inclusive growth in one of the fastest growing economies in South Asia.
ADB’s water supply and sanitation project in Jilin is benefiting urban households and helping control pollution in rivers. A Mobile Revolution ADB assistance to Grameen Telecom has helped provide mobility and connectivity to about 20 million subscribers in Bangladesh-and changed their lives.
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February 2009
