The recently released mid-term review of “2020 Strategy,” the Asian Development Bank’s long-term blueprint for its development efforts in Asia-Pacific, mentions partnerships not only as one of its 10 strategic priorities for the region, but also as one of the five “drivers of change” in the future.
ADB President Takehiko Nakao himself referred to partnerships and how it should play a leading role in the bank’s work from now on during the recently concluded annual meeting in Astana, Kazakhstan.
Partnerships include cofinancing with other multilateral banks and development partners, collaboration with the private sector through PPPs, and knowledge-sharing between bilateral institutions and aid experts — but is this only for other lending and multilateral institutions, governments and the private sector?
About the author
Lean Alfred Santos@DevexLeanAS
Lean Alfred Santos is a former Devex development reporter focusing on the development community in Asia-Pacific, including major players such as the Asian Development Bank and the Asian Infrastructure Investment Bank. He previously covered Philippine and international business and economic news, sports and politics.
