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.”