The renewal of their Memorandum of Understanding (MOU) marks a significant improvement in the cooperation between the United Nations Development Programme (UNDP) and the Asian Development Bank (ADB), two of the top international organisations in Asia and the Pacific for development policy and financing.
This revitalised cooperation intends to speed the region’s transition to sustainable development by 2030 throughout Asia and the Pacific, during this crucial decade for implementing the Sustainable Development Goals (SDGs).
The partnership will concentrate on areas where the SDGs may be advanced more quickly by coordinating community demands with local and national policies, services, and investment decisions.
Joint knowledge production, policy discussions, technical support, and project development will all be included in the actions, which will include topics like creative financing, climate action, sustainable urbanisation, rural development, and digital technologies for development.
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This updated plan expands upon previous efforts and accomplishments. Examples include inclusive development in Bangladesh’s Chittagong Hill Tracts, climate change resilience in Papua New Guinea, and aid monitoring and assessment in Afghanistan.
Significant contributions have also been made by the alliance through the Asia Pacific SDG partnership and collaborative post-disaster needs assessments in extreme situations, such the floods in Pakistan.
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These integrated efforts will support a variety of interventions for needy countries and populations in a region experiencing numerous shocks. They will also establish the foundation for crucial transitions, sustainable development, and longer-term resilience.
About ADB
ADB wants a prosperous, inclusive, resilient, and sustainable Asia and Pacific while ending extreme poverty. 1 in 3 people—1.24 billion—live below $3.20 a day despite the region’s gains. The region’s weakest and most vulnerable countries will remain ADB’s priority.
About UNDP
UNDP works in approximately 170 nations and territories to end poverty, inequality, and marginalisation. They help countries establish policies, leadership, collaboration, institutional, and resilience to sustain development results.
