Wednesday, May 2, 2012

ADB secures more than $12bn to help Asia's poorest

The Asian Development Bank (ADB) has secured Special Drawing Rights 7.9 billion ($12.4 billion) for the next four-year phase of its concessional development fund that will provide critical financial support to fight poverty in the Asia and Pacific region.
The contributions to the Asian Development Fund (ADF), which will cover ADB operations from 2013 to 2016, represent an increase of 11.1 per cent in SDR (9.5 per cent in US dollar terms) from the fund’s previous four-year period.
"ADF borrowers face significant development challenges, and have fewer  resources of their own to address them. We particularly appreciate the strong support and generosity of our donor countries in view of the difficult challenges many are facing at home themselves,” said ADB president Haruhiko Kuroda.
The ADF will help improve the lives of millions of Asia’s poorest through inclusive and environmentally sustainable growth, including improved access to education, social safety nets and the development of clean and renewable energy. They will also seek to narrow the development gaps and rising income inequality, and help vulnerable countries cope with shocks such as rising food and fuel prices, natural disasters and conflict.
The ADF will also be used to promote gender mainstreaming, good governance, food security, private sector development, and stronger regional cooperation. Special attention will be given to countries affected by conflict and smaller island states with fragile economies.
Donors agreed to establish a Disaster Response Facility under ADF on a pilot basis to support the poorest countries in responding to natural disasters. The ADF continues to be a critical source of finance for badly needed economic and social infrastructure improvements. Over the next four-year period, for example, almost 16,000 kilometers of road are expected to be upgraded, opening up new economic opportunities and better access to social services for over 20 million people. More than 2.5 million students will benefit from school improvement programs or other direct support to the education sector. And many new households will be connected to electricity (over 340,000), served with water
supply (560,000) and sanitation (440,000).
"ADF support will go a long way in helping countries like Bangladesh provide critically needed social services to our citizens," said Bangladesh Finance Minister Abul Maal Abdul Muhith. "We will redouble our efforts to deliver results and bring better opportunities and a brighter future to our people, especially to the poorest communities."
Bangladesh is one of the largest recipients of ADF resources and was one of six ADF recipient countries who participated in the negotiations.
ADB has adopted various measures in recent years as part of its continuing efforts to improve the efficiency and effectiveness of its development assistance, including in its ADF operations. These include a results-focused management system, more flexible business processes, improved communication and accountability of policies and enhanced gender mainstreaming in its operations.


Anonymous said...

Please let me know if you're looking for a article author for your site. You

have some really good articles and I believe I would be a good asset. If you ever want to take

some of the load off, I'd really like to
write some material for your blog in

exchange for a link back to mine. Please shoot me an email
if interested. Kudos!
Feel free to visit my website ::

Anonymous said...

Hey! This is my 1st comment here so I just

wanted to give a quick shout out and tell you I really
enjoy reading your articles. Can you suggest any other
blogs/websites/forums that go over the same

topics? Thanks a ton!
Also see my page - single women buying real estate

Anonymous said...

Hi there, I discovered your web site via Google

whilst searching for a similar

subject, your site got here up, it seems to be

great. I've bookmarked it in my google bookmarks.
My webpage:

Anonymous said...

I would like to thank you for the efforts you have put in writing this web site.
I'm hoping the same high-grade blog post from you in the upcoming also.

Actually your creative writing skills has encouraged me to get my own website

now. Really the blogging is spreading its wings quickly. Your write up is a great

example of it.
my webpage - real estate quotations

Anonymous said...

You really make it seem so easy with your

presentation however I find this topic to be actually something

which I feel I would by no means understand. It sort of

feels too complex and very large for me. I'm

looking forward for your subsequent

publish, I will attempt to get the hold of it!
Here is my site ;

Anonymous said...

I am really impressed with your writing skills and also with
the layout on your blog. Is this a paid theme or did
you customize it yourself? Anyway keep up the excellent

quality writing, it is rare to see a nice blog like this one today.
Also see my website ::

Anonymous said...

Hello there, simply turned into alert to your blog thru Google, and located that it's really informative. I am going to

watch out for brussels. I’ll be grateful if you proceed this in future. A lot of people shall be benefited from your writing. Cheers!
My web-site - spain daily news in english

Anonymous said...

I'm not sure exactly why but this site is loading very slow for

me. Is anyone else having this issue or is it a problem on my end? I'll check back
later and

see if the problem still exists.
My page :: Pzt Material property

Anonymous said...

I feel this is among the most vital

info for me. And i'm glad reading your article. But should statement on few common things, The

website style is ideal, the articles is in reality great : D. Excellent job, cheers
My blog post :

Anonymous said...

I know this if off topic but I'm looking into starting my own blog and was wondering what all is

needed to get set up? I'm assuming having a blog like yours would cost a pretty
penny? I'm not very

web savvy so I'm not 100% sure. Any suggestions or advice

would be greatly appreciated. Many thanks
Also visit my site : ccoo enseñanza asturias

Anonymous said...

wonderful issues altogether, you simply received a

emblem new reader. What would you recommend in regards to your

publish that you made some days ago? Any sure?
Also see my webpage ::

Anonymous said...

Hiya, I am really glad I have found this info. Today bloggers publish

about gossips and internet and this is really annoying.
A good blog with interesting content, that is what I need.
Thank you for

keeping this web-site, I will be visiting it. Do you do newsletters?
Can not

find it.
Also visit my web page ;

Anonymous said...

Thank you for the auspicious writeup. It in fact was a amusement account it.
Look advanced to far added

agreeable from you! By the way, how can we communicate?
Feel free to visit my blog -

Anonymous said...

very nice publish, i definitely love this web site, keep on it
Here is my website

Anonymous said...

My brother recommended I may like this website. He was entirely right.
This submit truly made my day. You cann't

believe just how much time I had spent for this info! Thank


Feel free to surf to my blog post -משתמש:MaximaBaker79

Anonymous said...

Pretty component to content. I just stumbled

upon your website and in accession capital to say that I acquire actually
loved account your blog posts. Anyway I’ll be subscribing in your feeds or even
I success you get admission to constantly fast.

My web blog ... eden luxury villas

Anonymous said...

I'm extremely impressed with your writing talents as smartly as with the layout for your

blog. Is that this a paid topic or did you modify it

yourself? Either way stay up the nice quality writing, it’s

rare to see a great weblog like this one today..

Stop by my page -

Anonymous said...

It’s hard to seek out educated folks on this matter, but you sound like you

recognize what you’re speaking about! Thanks

Have a look at my homepage ...

Anonymous said...

Very nice post. I just stumbled upon your blog
and wanted to mention

that I have really loved surfing around your
weblog posts. In any case I will be subscribing to your feed
and I am hoping

you write once more soon!

my web site: Valencia,

Anonymous said...

Its such as you learn my thoughts! You seem to know so much approximately this, like you wrote the ebook in it or something.

think that you just can do with some percent to

pressure the message home a little bit, but instead
of that,

that is great blog. A fantastic read. I

will certainly be back.

Stop by my web blog

Anonymous said...

Hey! Quick question that's totally off

topic. Do you know how to make your site mobile friendly? My blog looks weird when

browsing from my iphone 4. I'm trying to find a theme or plugin that

might be able to resolve this problem. If you have any suggestions, please

Many thanks!

My webpage ... solar systems costa blanca

Anonymous said...

Good write-up, I’m normal visitor of one’s web site,
maintain up the

excellent operate, and It's going to be a regular visitor for a long time.

My webpage; Property Ystradgynlais

Anonymous said...

Nice blog here! Also your site loads up very fast!
What host are you

using? Can I get your affiliate link to your host? I wish my website loaded up as fast as


Feel free to visit my homepage ... fes aragon egresados

Anonymous said...

Pretty nice post. I just stumbled upon your weblog and wanted to say that I
have really enjoyed browsing your blog posts. After all I will be subscribing to your

rss feed and I hope you write again soon!

Feel free to surf to my weblog;

Anonymous said...

Hi! This is kind of off topic but I need some advice from
an established blog. Is it hard to set up your own blog? I'm not

very techincal but I can figure things out pretty fast. I'm thinking about creating my own but

I'm not sure where to start. Do you have any ideas or suggestions? Appreciate


Check out my web-site ::

Anonymous said...

I think this is among the most significant info for me.
And i am glad

reading your article. But should remark on some general things,
The website style is

great, the articles is really great : D. Good job, cheers

Feel free to visit my webpage -

Anonymous said...

Heya i’m for the primary time here. I found this board and I to find It

truly useful & it helped me out much. I hope to give one thing again and aid
others like you aided me.

Feel free to visit my web blog ...

Anonymous said...

Its such as you learn my mind! You appear to know
so much approximately this, like you wrote the e book in it or something.

think that you simply could do with some percent to

drive the message house a bit, but other than that,

that is excellent blog. A fantastic read. I

will certainly be back.

My homepage ...