Asian development lender takes stock as US policy shifts

Reuters

The Asian Development Bank (ADB) on Sunday urged the United States to continue its investment in the bank amid uncertainty about Washington's commitment to multilateral entities.

The ADB would increase its private-sector operations to 25 percent of its regular ordinary capital resources (OCR) operations by 2020, Nakao said, adding that expansion of such private sector involvements in resource mobilisation would be more visible in poorer countries.

On the sidelines of the Asian Development Bank's annual meeting in Yokohama, The Japan Times, a media partner for the ADB conference, held a seminar entitled "Trump Diplomacy - The View from Asia" moderated by Eric Johnston, deputy manager of the daily's domestic news division.

For quite some time, he said, India has been requesting ADB to adopt Country Systems in this regard and noted that the bank has recently adopted this in the case of Power Grid Corporation of India. "This will help reduce delays in the run-up to project approvals to a great extent", he said. Aso said Japan, the biggest donor to the ADB, would contribute $40 million to a fund promote use of high technology.

Because of Trump's tendency to flip-flop, his policy has been hard to predict and this "may be causing uncertainties among USA allies in Asia", such as how Washington will deal with North Korea and China, Hirotsugu Aida, professor at Aoyama Gakuin University, said at the event.

"I hope the new vision document "Strategy 2030", which the bank is preparing, would include the measures that I and other esteemed colleagues have suggested during these deliberations".

In urban development, especially in the sectors of drinking water and sanitation, Jaitley underlined the major challenges faced by many developing countries in making the system work without having to depend much on budgetary support from the national governments.

Finance ministers, central bank governors and delegates from its 67 member countries participated in the four-day meetings in which they were urged to respond to the changing needs of various member countries, and address climate change and gender inequality.

"In nearly all the developing member countries, a vast majority of the rural populace depends on agriculture and other allied activities".

"ADB is supporting an increasing number of private sector projects in education, health and agriculture". He called upon ADB to focus on climate-resilient agriculture, better farm production technologies, improved value chain management and creation of better marketing infrastructure for farm produce, according to the official statement in New Delhi.

He will also attend the Investors' Round Table Session organised by Confederation of Indian Industry (CII) and Kotak Bank in Tokyo. Find us on Facebook too!

Related News:

  • Le Pen Takes Leave As FN Head In French Presidency Bid

    Le Pen Takes Leave As FN Head In French Presidency Bid

    The far-right Le Pen and centrist Macron both took just under a quarter of the vote in a contest with 11 candidates. But Claude Garnier, a 74-year-old retired butcher who helps his son on the market, said Le Pen would get his vote.

    At least Six Dead, 24 Wounded In Pakistani-Afghan Border Clashes

    The Afghan-Pakistani border dispute dates back to the 19th century when Pakistan was part of Britain-controlled India. Pakistan sealed the Friendship Gate at the Chaman border crossing for all kinds of transportation due to the firing.

    Grueling season taking its toll on injury-hit Man United

    Manchester United will be without midfielder Marouane Fellaini after his red card in the Manchester derby . They were wonderful , the way they fight". "It's our objective to finish in the top four".
  • Salman Khan Films showcases the year's most awaited teaser to fans first!

    Salman Khan Films showcases the year's most awaited teaser to fans first!

    The teaser trailer of his highly-anticipated movie " Tubelight " has been released and it is all that you have been waiting for. Director Kabir Khan had hosted a special screening of the teaser for fans, who were selected through a contest.
    NASA sees Tropical Cyclone Donna blanket Vanuatu NASA/Goddard Space Flight Center

    NASA sees Tropical Cyclone Donna blanket Vanuatu NASA/Goddard Space Flight Center

    Toward the middle of next week, the cyclone could barrel through or pass dangerously close to New Caledonia's Loyalty Islands. At its peak, Donna will be equivalent to a Category 4 hurricane in the Atlantic and eastern Pacific basins.
    Apple steps up its effort to emphasize its economic impact

    Apple steps up its effort to emphasize its economic impact

    The fund comes as President Trump makes bringing manufacturing jobs to the US a central part of his "America First" agenda. Apple has been criticized by President Trump for manufacturing its products outside the United States.
  • Selena Gomez Announces '13 Reasons Why' Second Season

    The show will pick up in the aftermath of Hannah's shocking death, following the other characters as they start to recover. The show premiered on Netflix back in March and quickly became one of the most talked about shows of this year.

    Wizards forward Oubre ejected for bowling over Olynyk

    Lowry was getting more treatment Saturday, adding that he's not "giving up hope" of being ready to attempt playing in Game 4. The Wizards won 116-89 to cut the Celtics' lead to 2-1 in the second round.

    United States warns 'third country sanctions' on North Korea

    And he maintained that the USA has "a strong track record" of protecting and advocating for free press around the globe. "We do. Friction points include competing aims in Syria and the Russian invasion and annexation of Crimea, Tillerson said.
  • Poll finds 66 percent of Americans under 30 disapprove of President Trump

    Poll finds 66 percent of Americans under 30 disapprove of President Trump

    Trump's core support is zealous, but so is his opposition; 53 percent of Democrats polled said they are scared of Trump. Only 32 percent of Americans ages 18 to 29 years old say they approve of Trump's time as president so far.

    Gold edges up, but set for worst week since November

    Last night gold went as low as $1,248.50 according to MarketWatch , before continuing down to this morning's low. Platinum was up 1.3 percent at $910.60 an ounce, while palladium was 0.4 percent higher at $807.56.
    Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Valuation According To Analysts

    Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Valuation According To Analysts

    In current trading day McDonald's Corporation (MCD ) stock confirmed the flow of 0.58% with the final price of $143.45. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company's stock.


Most liked

Uber and Waymo face off in court over stolen self-driving tech
Levandowski left Waymo in January 2016 to start autonomous truck company Otto, which Uber bought for $680 million in August 2016. In the fight over the future of self-driving vehicles, a bare-knuckled brawl between Uber and Waymo is coming to a head.

Messi passes 50-goal mark as Barcelona keep pressure on Real MAdrid
Messi's first of two goals on Saturday was the Argentina captain's 50th of the season and the 100th netted by the MSN strikeforce. Barce continued on the front foot as Iniesta's sublime pass found the run of Digne but the defender lashed over the bar.

Call Of Duty: Black Ops 3 Zombies Chronicles Details Leak
Treyarch will host a special stream event on Monday at 11 am PDT / 7 pm BST to share more details about Zombies Chronicles . The decrypted message also mentioned that the new DLC will be released on PlayStation 4 first.

VIDEO Blumenthal Calls for Special Prosecutor to Investigate Huma Abedin
Three Democratic members of that committee objected strongly to this decision by Comey. Comey drove home again that he wouldn't have handled things any differently.

Apple posts 'record' March quarter in India, China slows
He also said in a statement that the firm has noted " great customer response" to both models of the new iPhone 7. Meanwhile Apple Mac sales rose from 4 million a year ago to 4.2 million (in line with analyst expectations).

Trump's Obamacare victory is symbolic - but is it hollow?
Atop Democratic target lists for 2018 are the 23 Republicans who sit in districts that were won by Hillary Clinton last November. Some say this new development could lead to another health care battle later on in the house-causing even more concern for many.

Senators must rediscover identity to rebound vs. Rangers
The Rangers' fourth-line centre scored two goals in a 4-1 Game Four win against Ottawa, as NY tied the series at two wins apiece. The best playoff teams can roll four lines pretty evenly without worry and lately the New York Rangers have been able to do that.

Hamas says Ismail Haniyeh chosen as Islamic group's leader
However, Hamas officials said the document in no way amounts to recognition of Israel as demanded by the worldwide community. Militant Palestinian group Hamas has elected a new leader , further hinting the organization is trying to soften its image.

U.S. employers added 211000 jobs, rate fell to 4.4 percent
And a survey of services firms this week - including restaurants, banks and retailers - showed that they are expanding steadily. Job gains occurred in leisure and hospitality, health care and social assistance, financial activities, and mining.

Predators take 2-1 series lead, beating St. Louis Blues 3-1
In seven games, Ellis also is one point shy of Roman Josi's franchise record for points by a defenseman in a single postseason. Josi scored on a slap shot with 5:49 left to prompt yet another standing ovation by the standing-room only crowd.

Bengals owner acknowledges drafting Joe Mixon was a risk
Though Lewis said of the video showing Mixon hitting a woman, "I don't know who isn't disgusted at what they saw". Joe Mixon (right) and Bengals coach Marvin Lewis (left) meet with the media after the Bengals drafted Mixon.

Vogue India faces backlash for featuring Kendall Jenner on 10th anniversary cover
It's the people, the art, the colors, the elephants and everything in-between. I would have loved to show her around, but couldn't due to security issues.

Claudio Bravo: Manchester City goalkeeper's season ends early through injury
Former England global and Arsenal star Paul Merson has revealed his prediction for Manchester City v Crystal Palace. Guardiola said: "It's still in our hands if we are able to win the four games, but that's so complicated".

Tyson: 'It's all about Joshua now - that one fight changed boxing'
And America, although I don't believe they're building stars there at the moment, of course it's a market we need to be in". Joshua's comments came after Mike Tyson declared him the biggest name in boxing.

Josh Jones goes to the Green Bay Packers in second round
However, if they give Charles a chance with a one-year deal, they could be getting one of the biggest steals of the offseason. Get great content delivered straight to your inbox every morning Monday-Friday at 8:00am, just a click away, Sign Up Now.