ADB to Increase Focus on Inequality, Climate Change

ADB4 May 2014: Asian Development Bank (ADB) Governors heard calls to address rising inequality, climate change and other concerns, at their 47th annual board meeting in Astana, Kazakhstan.

Several seminars took place during the board meeting from 2-5 May 2014. One discussed ways to shape the post-2015 development agenda and lessons learned from the progress and setbacks of the Millennium Development Goals (MDGs) in the Asia Pacific region. Governors discussed financing a more ambitious ADB development programme to tackle emerging concerns.

In his closing statement, ADB President Takehiko Nakao noted delegates' concern over growing inequalities and gender issues, and he pledged to expand ADB's operations in education, health and social protection to promote inclusive growth. He also committed to strengthening the ADB's work on disaster risk management, including through innovative approaches such as disaster risk insurance. He said the Bank will explore ways to enable developing countries in the Pacific to have better access to climate change funds, through supporting capacity building and the preparation of projects. [ADB Press Release] [ADB President's Closing Statement]