The Asian Development Bank, Japan International Cooperation Agency and the World Bank are partnering to boost safeguard systems in the Asia-Pacific, ensuring that development projects meet international standards for environmental and social protection.
The three organizations will “help improve member countries’ safeguards systems and better manage the environmental and social risks associating with major developments,” Mark Kunzer, principal environment specialist of the ADB told Devex.
“What's new is that we’ve realized over time that there's a lot of synergies to be had and we work better together,” he said. “The purpose of what we're doing is helping countries get to a point where they can begin to use their own systems for the funding that comes from the development partners.”
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.
