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WASHINGTON, DC, UNITED STATES (12 April 2019) — The Asian Development Bank (ADB) and United Nations Development Programme (UNDP) signed a 5-year memorandum of understanding (MOU) today to accelerate progress towards sustainable development in Asia and the Pacific
The MOU was signed by ADB President Mr. Takehiko Nakao and UNDP Administrator Mr. Achim Steiner in Washington, DC. The agreement builds on an ongoing partnership between ADB and UNDP and sets the stage for greater collaboration at the country and regional levels, and stronger cooperation in accelerating progress towards the Sustainable Development Goals (SDGs) in Asia and the Pacific.“ADB and UNDP have had a long-standing and productive partnership to support development progress in Asia and the Pacific,” said Mr. Nakao. “UNDP’s support to countries on policy dialogue and technical capacity building can complement ADB’s project implementation. Through the MOU, we will work together to realize a prosperous, inclusive, resilient, and sustainable Asia and the Pacific.”
ADB and UNDP are also partnering in the implementation of off-grid mini-hydro and mini-grid projects under the South Asia Subregional Economic Cooperation Power System Expansion Project. This initiative is aimed at expanding access to electricity in remote parts of Nepal.
Finally, UNDP and ADB have been collaborating to review SDG implementation in ADB developing member countries. The insights from this collaboration can inform ADB’s country partnership strategies, and support Asia and the Pacific in making progress on the SDGs.
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. In 2018, it made commitments of new loans and grants amounting to $21.6 billion. Established in 1966, it is owned by 68 members—49 from the region.
UNDP partners with people at all levels of society to help build nations that can withstand crisis, and drive and sustain the kind of growth that improves the quality of life for everyone. On the ground in nearly 170 countries and territories, it offers global perspective and local insight to help empower lives and build resilient nations. www.undp.org @UNDP