ADB, AECID Sign MOU for Further Collaboration, Knowledge Sharing

News Release | 22 May 2018

ADB Head of Cofinancing Operations Mr. Kai Preugschat (left, sitting) and the Spanish Agency for International Development Cooperation (AECID) Director Mr. Luis Tejada Chacòn (right, sitting) sign a Memorandum of Understanding (MOU) on the sidelines of the 51st Annual Meeting of ADB's Board of Governors in Manila, Philippines. They were joined by ADB Deputy Director General for Southeast Asia Ms. F. Cleo Kawawaki (left, standing) and Spanish Ministry of Economy, Industry, and Competitiveness Deputy Director for Multilateral Financial Institutions Ms. Clara Crespo Ruiz de Elvira (right, standing). The MOU lays the groundwork for further cooperation between the two institutions and outlines the criteria for cofinancing projects, coordination of activities in countries and sectors of common interest, and knowledge sharing.