Add us as your preferred source on Google to see more of our content in Search.
Add to Preferred SourcesAsian Development Bank (ADB) President Mr. Takehiko Nakao and the United Nations Industrial Development Organization (UNIDO) Director-General Mr. Li Yong met at ADB headquarters and discussed strengthened collaboration as ADB moves toward finalizing its long-term Strategy 2030.
In their discussions, Mr. Nakao and Mr. Li emphasized the importance of economic cooperation and inclusive and sustainable industrialization, coupled with technological innovation to support sustainable development in Asia and the Pacific, and explored opportunities to step up their collaboration, including within the framework of UNIDO’s flagship Programmes for Country Partnership.
“Our cooperation with UNIDO is one of ADB’s longest standing operational partnerships with a UN agency,” Mr. Nakao said. “UNIDO’s work to support the deployment of clean and innovative technology and industrial development approaches are of particular interest.”
“The strengthened cooperation between the ADB, UNIDO, and member countries, specifically when it comes to promoting innovation-led inclusive and sustainable industrial development along major economic corridors in the region, will trigger a stronger development impact on the ground, and help countries achieve in particular Sustainable Development Goal (SDG) 9 (industry, innovation, and infrastructure),” said Mr. Li.
The partnership between ADB and UNIDO goes back to a Memorandum of Understanding signed in 1996. As an example, the two organizations collaborated on a technical assistance project for special economic zone and industrial park development in Kazakhstan and the Kyrgyz Republic in the context of the Central Asia Regional Economic Cooperation (CAREC) program. In Pakistan and Bangladesh, there is a common sector focus in promoting agri-business and agri-product processing, logistic development, energy efficiency, and industrial development. UNIDO and ADB have also explored project-level cooperation in Southeast Asia, as well as South Asia, and the People’s Republic of China.
Original source: ADB
Published on 25 June 2018