fbpx 12th IMT-GT Leaders’ Summit - Takehiko Nakao | Asian Development Bank

12th IMT-GT Leaders’ Summit - Takehiko Nakao

Speech | 23 June 2019

Remarks by Takehiko Nakao, President, Asian Development Bank at the 12th IMT-GT Leaders’ Summit on 23 June 2019 in Bangkok, Thailand

Excellencies, Ladies and Gentlemen,

I am delighted to participate in the 12th IMT-GT Leaders’ Summit. I would like to thank the Government of Thailand for the warm hospitality extended to us, and the Government of Indonesia for the excellent arrangements.

Your Excellencies, the IMT-GT has delivered remarkable gains including improved connectivity, stronger institutional networks, and enhanced capacities across a range of sectors. With its pragmatic approach and solid country commitment, the IMT-GT will continue contributing to ASEAN integration.

The IMT-GT Vision 2036, and Implementation Blueprint 2017-2021, provide a solid foundation for developing a more prosperous subregion. The Asian Development Bank (ADB) will continue supporting this agenda through initiatives that develop green cities and transport, promote economic corridors, foster links with ASEAN, and strengthen capacities.

Cities will play a pivotal role in your efforts to meet Sustainable Development Goal and Paris Agreement targets. ADB's Strategy 2030 recognizes the development of livable cities as one of its core operational areas. Through the ADB-supported Green Cities Initiative, we are helping IMT-GT cities structure “green projects” with clear impacts, and supporting governments and the private sector to identify innovative solutions, cutting-edge technologies, and financing models. In Indonesia, ADB has supported a green city action plan for Medan. In Kedah, Malaysia ADB aims to provide support to build climate-resilient water infrastructure. In Songkhla, Thailand energy efficient buildings are being piloted. This year ADB also launched the ASEAN Catalytic Green Finance Facility, under the ASEAN Infrastructure Fund, to spur green infrastructure development, and help countries design robust and bankable green projects.

In tourism, ADB supported the preparation of integrated green urban transport plans for Phuket Island and Krabi, Thailand and efforts are underway to develop similar plans in Sabang, Indonesia, and Langkawi and Penang, Malaysia. These plans provide green transportation options linked to tourism demands, based on the ADB-supported IMT-GT Tourism Strategic Framework 2036.

The IMT-GT’s focus on economic corridors and border areas development is important for generating trade, tourism, investment, and employment. ADB stands ready to provide technical advice in the assessment of the IMT-GT economic corridors, and in developing economic zones along borders. We are keen to share our experience and expertise as the subregion moves forward with this cooperation initiative.

The IMT-GT continues to forge strategic links with ASEAN, and to serve as a key building block. ADB is pleased to provide assistance to strengthen sector and institutional coordination with ASEAN. ADB also supports capacity development in regional cooperation and connectivity for government officials. We stand poised to expand our support in the future. Your Excellencies, ADB has been a steadfast partner of IMT-GT. We remain committed to deepening this partnership in the years ahead. Thank you.