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Jakarta Post

ADB to prioritize poverty eradication, rising inequality

  • Vincent Lingga

    The Jakarta Post

Manila   /   Mon, May 7 2018   /  01:08 am

The Asian Development Bank (ADB), while sustaining efforts to eradicate absolute poverty, will step up efforts to address rising inequality, growing environmental pressures and rapid urbanization, ADB president Takehiko Nakao asserted in Manila on Saturday.The programs, Nakao told the 51st annual meeting of the ADB board of governors, were among several components of the ADB Strategy 2030, a road map that would guide the bank’s objectives in the next decade.The other priorities of the strategy, which is being finalized and will be adopted later this year, include scaling-up support to fight climate change, promoting rural development and food security, strengthening governance, fostering regional cooperation and integrating and mobilizing private sector resources to meet the region’s huge development financing needs, Nakao added.ADB’s country director, Winfried Wicklein, said earl...