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April 28, 2017

Opinion: ADB's 50 Years: Good Journey So Far, Still Some Way to Go

The 50th Annual Meeting of the Asian Development Bank’s Board of Governors is coming up May 4-7 in Yokohama, Japan. Indu Bhushan, director general of the Strategy and Policy Department at the bank, writes in a recent opinion piece that with JICA as an important partner, the ADB has helped the region go from the world’s poorest to a driving force in the global economy in 50 years. In partnership with member countries, including Japan, the bank has mobilized more than $250 billion for development investments. In November of 2015, ADB and JICA announced a $16 billion partnership over the next five years to support high-quality infrastructure investments in both the public and private sectors. To help the region overcome its remaining problems — which include 330 million people living in extreme poverty — the ADB and JICA must work together to help the region achieve the Sustainable Development Goals, Bhushan writes.

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