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    • Multilateral development banks

    Going for a more country safeguards system in Asia-Pacific

    The Asian Development Bank, Japan International Cooperation Agency and the World Bank signed a partnership agreement aimed at strengthening the country safeguards system in the Asia-Pacific region. Devex takes a closer look at the partnership and how it could make development more efficient and effective in the world's most populous region.

    By Lean Alfred Santos // 24 May 2016

    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.”

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    About the author

    • Lean Alfred Santos

      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.

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