DOCSLIB.ORG

Banking on Asia: Alignment with the Paris Agreement at Six

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Banking on Asia: Alignment with the Paris Agreement at Six REPORT OCTOBER 201 9 BANKING ON ASIA ALIGNMENT WITH THE PARIS AGREEMENT AT SIX DEVELOPMENT FINANCE INSTITUTIONS IN ASIA SONIA DUNLOP, JAMES HAWKINS, KATE LEVICK, DILEIMY OROZCO, ISKANDER ERZINI VERNOIT AND HELENA WRIGHT About E3G Copyright E3G is an independent climate change think This work is licensed under the Creative tank accelerating the transition to a climate Commons Attribution-NonCommercial- safe world. E3G builds cross-sectoral coalitions ShareAlike 2.0 License. to achieve carefully defined outcomes, chosen for their capacity to leverage change. You are free to: E3G works closely with like-minded partners > Copy, distribute, display, and perform in government, politics, business, civil the work. society, science, the media, public interest foundations and elsewhere. In 2018 E3G > Make derivative works. was ranked the fifth most globally influential environmental think tank for the third Under the following conditions: year running. > You must attribute the work in the www.e3g.org manner specified by the author or licensor. Berlin Neue Promenade 6 > You may not use this work Berlin, 10178 for commercial purposes. Germany +49 (0)30 2887 3405 > If you alter, transform, or build upon this work, you may distribute the Brussels resulting work only under a license Rue du Commerce 124 identical to this one. Brussels, 1000 > For any reuse or distribution, Belgium you must make clear to others the license +32 (0)2 5800 737 terms of this work. London > Any of these conditions can be waived 47 Great Guildford Street if you get permission from the London SE1 0ES copyright holder. United Kingdom +44 (0)20 7593 2020 Your fair use and other rights are in no way affected by the above. Washington 2101 L St NW Suite 400 Washington DC, 20037 United States +1 202 466 0573 Cover image www.istockphoto.com © E3G 2019 Design www.whatcommunications.com 2 BANKING ON ASIA OCT 2019 REPORT OCTOBER 2019 BANKING ON ASIA ALIGNMENT WITH THE PARIS AGREEMENT AT SIX DEVELOPMENT FINANCE INSTITUTIONS IN ASIA SONIA DUNLOP, JAMES HAWKINS, KATE LEVICK, DILEIMY OROZCO, ISKANDER ERZINI VERNOIT AND HELENA WRIGHT 3 BANKING ON ASIA OCT 2019 Our partners Shift South East Asia (Shift SEA) This briefing is part of the Shift Southeast Asia (Shift SEA) project which encourages the shift of financial flows away from fossil fuels into low carbon energy in Vietnam, the Philippines and Indonesia by engaging with the relevant stakeholders to support the adjustment of national policymaking, investment frameworks and international financial institutions’ strategies in favour of sustainable energy solutions. More information is available on the E3G website. Acknowledgements E3G would like to acknowledge the following people who kindly took the time to review all or part of this paper: Ian Cochran, i4CE; Jon Sward, Bretton Woods Project; Sebastian Wienges, GIZ; Ichiro Sato, WRI; Henry Thorp; Florence Mazzone, SEforAll; Doddy Sukadri, YMH; Devendra Rana, CAN International; Ma Xinyue, Boston University; Alex Doukas, OCI, Yuki Tanabe, JACSES and staff at E3G including Taylor Dimsdale, Lisa Fischer, Shane Tomlinson and Claire Healy. E3G would like to particularly thank staff at ADB, AIIB, JICA and the World Bank Group for their extensive comments and the considerable amount of time they devoted to reviewing the content of this paper. CDB and KDB were contacted on a number of occasions in multiple languages but did not provide feedback on the report. This project is part of the International Climate Initiative (IKI) programme. The German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) supports this initiative on the basis of a decision adopted by the German Bundestag. More information at www.bmu.de/en. 4 BANKING ON ASIA OCT 2019 Thanks also to the KR Foundation for their support for this research. 5 BANKING ON ASIA OCT 2019 CONTENTS FOREWORD ....................................................................................................................................... 7 EXECUTIVE SUMMARY .................................................................................................................... 11 INTRODUCTION ............................................................................................................................... 15 RECOMMENDATIONS FOR ALL ASIAN DEVELOPMENT BANKS ...................................................... 16 HOW TO USE THIS REPORT ............................................................................................................. 18 TOOLS FOR PARIS ALIGNMENT ....................................................................................................... 19 PARIS ALIGNMENT AT DEVELOPMENT BANKS: WHAT DOES SUCCESS LOOK LIKE? ....................... 21 METHODOLOGY .............................................................................................................................. 24 ASIAN DEVELOPMENT BANK .......................................................................................................... 28 ASIAN INFRASTRUCTURE INVESTMENT BANK ................................................................................ 31 CHINA DEVELOPMENT BANK .......................................................................................................... 35 JAPAN INTERNATIONAL COOPERATION AGENCY ........................................................................... 38 KOREA DEVELOPMENT BANK ......................................................................................................... 41 WORLD BANK GROUP ..................................................................................................................... 44 CHAPTER 1 GREENHOUSE GAS ACCOUNTING AND REDUCTION .................................................... 48 CHAPTER 2 FOSSIL FUEL EXCLUSION POLICIES................................................................................ 60 CHAPTER 3 CLIMATE RISK, RESILIENCE AND ADAPTATION ............................................................. 76 CHAPTER 4 GREEN-BROWN ENERGY FINANCE RATIOS AND CLIMATE INVESTMENT ..................... 88 CHAPTER 5 ENERGY EFFICIENCY STRATEGY, STANDARDS AND INVESTMENT .............................. 107 CHAPTER 6 PROMOTION OF GREEN FINANCE .............................................................................. 125 CHAPTER 7 TECHNICAL ASSISTANCE FOR IMPLEMENTING PARIS GOALS..................................... 137 CHAPTER 8 TRANSPARENCY OF CLIMATE FINANCE DATA ............................................................ 150 CHAPTER 9 OVERARCHING CLIMATE STRATEGY ........................................................................... 161 CHAPTER 10 INTEGRATION OF CLIMATE IN SECTORAL STRATEGIES ............................................ 170 CONCLUSIONS ............................................................................................................................... 182 ANNEX 1: DEFINITIONS OF LEVELS OF PARIS ALIGNMENT ........................................................... 185 ANNEX 2: SOURCES OF PROJECT-LEVEL DATA USED IN THE ANALYSIS ........................................ 188 ANNEX 3: PORTFOLIO-LEVEL DATA ............................................................................................... 189 ANNEX 4: LOW CARBON TRANSPORT FINANCING ........................................................................ 191 ANNEX 5: GLOSSARY OF ACRONYMS ............................................................................................ 192 6 BANKING ON ASIA OCT 2019 FOREWORD By Christiana Figueres, former Executive Secretary of the UN Framework Convention on Climate Change (2010 to 2016), and Convenor, Mission 2020. The world is banking on Asia. The Asia-Pacific region is at the centre of megatrends that are reshaping the global economy. Heightened perceptions of geopolitical risk, intensifying competition for scarce natural resources, rapid advances in technology and increasing environmental stresses are all drivers of unprecedented change. In these uncertain times, the countries of the Asia Pacific are facing critical choices about how to plan for their next phase of development. Urgent and massively scaled-up investments are required to meet the demands of young and rapidly urbanizing populations, and to address the growing scourge of air pollution and climate change impacts through a commitment to pursue a new development paradigm that leapfrogs the carbon intensity of the Industrial Revolution, and pivots towards clean, affordable, reliable and sustainable infrastructure and energy for the 21st Century. Multilateral and bilateral development banks have an important role to play in helping Asian economies and societies prepare to be “fit for the future”. They are key change agents in the transition to a climate-safe global economy for the region and worldwide. In some cases, these development banks can act as market makers in the global financial system, using their position as knowledge holders to establish norms, set precedents and support lighthouse projects that help to reshape perceptions of what sound and sustainable development should look like. They can both catalyse investment in green economic activity and use de-risking measures to promote an orderly transition to a safe climate future. They can work with governments to build “future proof” infrastructure, and help to redirect large- scale investment to climate-friendly projects and initiatives. And most importantly, they are well-placed to help governments and investors to think and plan for the long-term,
Load more

Recommended publications
  • AFE-ADB News No 43.Indd
    No. 43 | September 2013 The Newsletter of the Association of Former Employees of the Asian Development Bank Delhi Annual General Meeting People, Places and Passages Chapter News IN THIS ISSUE Our Cover No. 43 | September 2013 SEPTEMBER 2013 The Newsletter of the Association of Former Employees of the Asian Development Bank 3 AFE–ADB Updates 3 From the AFE President Delhi Annual General Meeting 3 Chapter Coordinators 4 What’s New at HQ?: Professor Yasutomo on ADB’s Beginnings People, Places and Passages Chapter News 6 Delhi 2013 6 Chapter Coordinators’ Meeting 9 AFE–ADB 27th Annual General Meeting 12 Cocktails 15 Participants Top right: ADB President Takehiko Nakao, 16 Around Delhi former ADB President (and new AFE member) Haruhiko Kuroda, and AFE Chair 19 Chapter News Bong-Suh Lee at the AFE Cocktail Left: “See Through” by Bill Staub 19 Indonesia Below: At the New Zealand Chapter gathering 20 New Zealand: Art Deco, Wine, and More 21 Washington DC 22 People, Places, and Passages AFE–ADB News 22 Connections: Bill Staub’s Art 25 Standing on Their Own (Jaipur) Feet Publisher: Hans-Juergen Springer 27 News Briefs 28 A Letter from the Governor Publications Committee: Jill Gale de Villa (head), 30 North to Anvaya Cove Gam de Armas, Wickie Mercado, Stephen 31 Fifty Years and Still Counting Banta, David Parker, Hans-Juergen Springer 32 Travel and Writing 33 A Walk in the Wilds Graphic Assistance: Jo Jacinto-Aquino 35 Friendship, Food, and Fun at CalloSpa Photographs: ADB Photobank, ADB Security Unit, 36 Humanitarian Ethel Raquel Cabiles, Adrian Davis, Daisy de Chavez, 37 AFE Finland Gathering Graham James Dwyer, Estrellita Gamboa, Ian 37 AFE–ADB Committees Gill, Midi Diel Kawashima, V.R.
    [Show full text]
  • Fiji 2019 Was Remarkable—We Pivoted Toward the Health of Our Oceans and This Year’S Annual Meeting Looked Into Ways We Can Save and Protect Them
    HIGHLIGHTS Preparations for ADB’s 52nd Annual Meeting in Fiji. HIGHLIGHTS Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO) © 2019 Asian Development Bank 6 ADB Avenue, Mandaluyong City, 1550 Metro Manila, Philippines Tel +63 2 632 4444; Fax +63 2 636 2444 www.adb.org Some rights reserved. Published in 2019. Publication Stock No. ARM190241-2 The views expressed in this publication are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. The mention of specific companies or products of manufacturers does not imply that they are endorsed or recommended by ADB in preference to others of a similar nature that are not mentioned. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. This work is available under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO) https://creativecommons.org/licenses/by/3.0/igo/. By using the content of this publication, you agree to be bound by the terms of this license. For attribution, translations, adaptations, and permissions, please read the provisions and terms of use at https://www.adb.org/terms-use#openaccess.
    [Show full text]
  • Asian Development Bank and Japan
    ASIAN DEVELOPMENT BANK MEMBER FACT SHEET JAPAN: SHAREHOLDING AND VOTING POWER Number of shares held: 1,656,630 (15.607% of total shares) Established in 1966, ADB has committed Votes: 1,696,237 (12.784% of total membership, $255.14 billion in loans to the vision of an 19.621% of total regional membership) Overall capital subscription: Asia and Pacifi c region free of poverty. $23.59 billion Japan is a founding member of ADB. Paid-in capital subscription: $1.18 billion CONTRIBUTIONS TO SPECIAL JAPAN FUNDS RESOURCES Japan has been the top contributor to The Asian Development Bank (ADB) at $597.49 million (24 projects). In ADB’s Special Funds such as the Asian is dedicated to reducing poverty in addition, $11.92 billion was generated in Development Fund (ADF), the Asian Asia and the Pacifi c through inclusive direct value-added cofi nancing. Development Bank Institute (ADBI), the economic growth, environmentally Technical Assistance Special Fund (TASF), From 1 January 2013 to 31 December sustainable growth, and regional Japan Special Fund (JSF), and the Regional 2017, ADB’s annual lending volume integration. Cooperation and Integration Fund (RCIF). averaged $14.55 billion. In addition, Established in 1966, it is owned by 67 investment grants and technical Contributions: members—48 from the region—who assistance funded by ADB and Special ADF (incl. committed have committed $255.14 billion in loans Funds resources averaged $617.74 funds at exchange to the vision of a region free of poverty. rates per resolution): $12.89 billion million and $166.28 million in technical ADBI (incl.
    [Show full text]
  • 2019 Global Meeting
    OCTOBER 20-22, 2019 LANSDOWNE RESORT AND SPA, VIRGINIA OCTOBER 20-22, 2019 LANSDOWNE RESORT AND SPA, EMERGING MARKETS FORUM 2019 GLOBAL MEETING The Emerging Markets Forum was created by the Centennial Group as a not-for-prot initiative to bring together high-level government and corporate leaders from around the world to engage in dialogue on the key economic, nancial and social issues facing PROGRAM emerging market countries. The Forum is focused on some 120 market economies in Asia, Eurasia, Latin America and Africa that share prospects of superior economic performance, already have or seek to create a conducive business environment and are of near-term interest to private investors, both domestic and international. Further details on the Forum and its meetings may be seen on our website at http://www.emergingmarketsforum.org The Watergate Oce Building, 2600 Virginia Avenue, NW, Suite 201 Washington, DC 20037, USA. Tel:(1) 202 393 6663 Fax: (1) 202 393 6556 @EmrgMktsForum Email: [email protected] Emerging Markets Forum A nonprofit initiative of the Centennial Group Table of Contents 2019 Global Meeting of the Emerging Markets Forum October 20-22, 2019 Lansdowne Resort & Spa, Virginia Co-Chairs: Michel Camdessus, Governor Emeritus, Banque de France and Former Managing Director of the International Monetary Fund (IMF) L. Enrique Garcia, Former President and Chief Executive Officer of CAF - Development Bank of Latin America JIN Liqun, President and Chairman of the Board of Directors, Asian Infrastructure Investment Bank (AIIB) Takehiko Nakao, President of the Asian Development Bank (ADB) Hiroshi Watanabe, President of the Institute for International Monetary Affairs Welcome........................................................
    [Show full text]
  • Bankers Fear Chinese Push to Head ADB - FT.Com Page 1 of 2
    Bankers fear Chinese push to head ADB - FT.com Page 1 of 2 February 28, 2013 8:22 pm Bankers fear Chinese push to head ADB By Henny Sender in New York It has long been convention that an American heads the World Bank, a European runs the IMF and a Japanese sits atop the Asian Development Bank in Manila. But now that Haruhiko Kuroda will leave his position at the top of the Asian Development Bank to become governor of the Bank of Japan, western central bankers and academics are braced for the Chinese to launch efforts to install one of their own as Mr Kuroda’s successor. “The Chinese have long wanted [control of] the ADB,” said Eswar Prasad, a senior professor at Cornell University and a senior fellow at the Brookings Institution. Taro Aso, Japanese finance minister, made clear this week that Tokyo planned to fight any attempt by any other country to take the top job at the Manila-based ADB. “Japan will have to carry out election activity in order to secure the position to succeed ADB president Kuroda,” he told reporters. Mr Aso also said that Takehiko Nakao, Japan’s top currency diplomat, was among the candidates for ADB chief. Any such Chinese push would be likely to add to tensions between the two countries, already locked in a dispute over control of the Senkaku Islands in the East China Sea. It would also reinforce growing regional anxieties about China’s behaviour, with Beijing taking an increasingly prominent role in multilateral institutions in recent years.
    [Show full text]
  • Updates Chapter News People, Places, and Passages
    No. 56 | April 2020 The Newsletter of the Association of Former Employees of the Asian Development Bank Updates People, Places, and Passages Chapter News IN THIS ISSUE Our Cover No. 56 | April 2020 APRIL 2020 The Newsletter of the Association of Former Employees of the Asian Development Bank Updates 3 AFE–ADB Updates People, Places, and Passages 3 AFE Welcomes New ADB President 4 From the Chairman: Welcome to Incheon 5 From the AFE President Chapter News 5 From the AFE Vice President 6 Health Matters 8 Highlights of 1818 Society and ARAIO Meetings 10 AFE Executive Committee and Assistants 10 Chapter Coordinators Top right: ADB President Asakawa. 10 Standing Committees Left: Noritada Morita wishes us a happy new year. Below: Rajasthan adventurers. Background: Jaisalmer 11 Chapter News Fort’s golden sandstone wall. 11 Australia: 2019 Annual Reunion 13 Canada 15 India: Delhi and Rajasthan AFE–ADB News 21 Indonesia Publisher: Hans-Juergen Springer 22 NY/NJ: Fascinating October 23 Philippines Goes Hollywood Publications Committee: Jill Gale de Villa (head), 24 Pakistan Nannette Amorado, Gam de Armas, Stephen 24 Europe: War and Peace in Normandy Banta, Guia Estabillo, Julia Holz, Anna Juico, David Parker, Hans-Juergen Springer, Judy 28 Washington DC Yñiguez, Wickie Zveglich. 29 People, Places, and Passages Graphic Assistance: Josephine C. Jacinto. 29 Taal Blows Photographs: Images are by or provided by the ADB Department of Communications, ADB 31 Outreach to the Blue Whale Photobank, ADB Security Detachment, Gam 33 Alice Reyes: 50-Year Dance Legacy de Armas, Peter Carroll, Irish De Guzman, 35 Pickleball Anyone? Lorna del Rosario, Putu Kamayana, Bruce 36 Karuizawa Murray, David Parker, Elizabeth Reyes, John 38 Cruising Down the River Murray Rive, Frederick Roche, Nida Rodrigo, Guy 40 AQ and Age Sacerdoti, Roland Sacerdoti, Kazu Sakai, Anne Schelzig, Hans-Juergen Springer, Paul Turner, 40 New Members M.E.
    [Show full text]
  • Summary of Proceedings of the 52St ADB Annual Meeting
    SUMMARY OF PROCEEDINGS PROSPERITY THROUGH UNITY INTRODUCTORY NOTE The Fifty-Second Annual Meeting of the Board of Governors of the Asian Development Bank was held in Fiji from 1 to 5 May 2019. This Summary of Proceedings of the Meeting is presented in accordance with the provisions of Section 9 of the Rules of Procedure of the Board of Governors. His Excellency Josaia Voreqe Bainimarama, the Prime Minister of the Republic of Fiji, addressed the opening session on 3 May 2019, preceded by the President of the Asian Development Bank, Mr. Takehiko Nakao. The Governor for Fiji, the Honorable Aiyaz Sayed-Khaiyum, chaired the Meeting. The Alternate Governor for Cambodia, Mr. Vongsey Vissoth, and the Temporary Alternate Governor for Norway, Ms. Harriet V. Solheim, served as Vice-Chairs. The views expressed by ADB members at the Annual Meeting of the Board of Governors are those of the speakers and do not necessarily reflect the views and policies of ADB. Eugenue Zhukov The Secretary Asian Development Bank June 2019 1 SCHEDULE OF THE BUSINESS SESSION Document No. BG52-2 1 March 2019 SCHEDULE OF THE BUSINESS SESSION Saturday, 4 May 2019 2:00 p.m. - The Chair calls the meeting to order - Report of the Procedures Committee - Approval of the Provisional Schedule of the Business Session - Approval of the Provisions Relating to the Conduct of the Meeting - Approval of the Agenda for the Meeting: 1. Notation of the Annual Report for 2018 2. Notation of the Budget for 2019 3. Notation of the Status of the Financial Resources of the Asian Development Bank 4.
    [Show full text]
  • Coping with Change in Japan and the U.S
    Center on Japanese Economy and Business Program on the New Financial Architecture: Japan and the United States Coping with Change in Japan and the U.S. April 20, 2010, in Tokyo, Japan Cosponsored by Academyhills Symposium Summary Report Yishane Lee, Writer Andy Wanning, Editor Office of University Publications Japanese translation inside Coping with Change in Japan and the U.S. Presented by the Center on Japanese Economy and Business, Columbia Business School and its program on The New Financial Architecture: Japan and the United States Co-sponsored by Academyhills Keynote Speeches： Toshihiko Fukui, President, The Canon Institute for Global Studies; Former Governor, Bank of Japan Motohisa Furukawa, Member of the House of Representatives, Secretary General, National Policy Unit; Senior Vice Minister, Cabinet Office (Government Revitalization, and Economic and Fiscal Policy) Tuesday, April 20, 2010 1:15 p.m. - 6:15 p.m. (with a reception to follow) Roppongi Academyhills 40 Tokyo, Japan (simultaneous translation provided) Roppongi Hills Mori Tower 40F, 6-10-1, Roppongi, Minato-ku, Tokyo 106-6149 1:15 – 1:45 p.m. Registration 1:45 – 2:00 p.m. Welcoming Remarks: Hugh Patrick, Director, Center on Japanese Economy and Business; R.D. Calkins Professor of International Business Emeritus, Columbia Business School 2:00 – 2:45 p.m. Keynote Speaker: Toshihiko Fukui 2:45 – 3:45 p.m. Panel I: Financial Market Challenges and Opportunities Moderator: Hugh Patrick Speakers: Takafumi Sato, Senior Adviser, Promontory Financial Group, LLC; Former Commissioner, Financial Services Agency, Japan Tsutomu Horiuchi, Chief Financial Officer and Senior Managing Director, Mori Building Co., Ltd. Alicia Ogawa, Senior Advisor, Center on Japanese Economy and Business, Columbia Business School; Adjunct Associate Professor, School of International and Public Affairs, Columbia University 3:45 – 4:05 p.m.
    [Show full text]
  • Understanding Japan's Role in a Global
    Understanding Japan’s Role in a Global Economy Promoting Knowledge on Japan The Center on Japanese Economy and Business (CJEB) CJEB initiatives include... at Columbia Business School is the premier research center outside Japan focused on understanding • Organizing conferences, workshops and Japan’s role in the global economy. Established in seminars on topics related to Japan and the 1986 under the direction of Hugh Patrick, CJEB United States, and the role they play in the global develops and promotes knowledge of Japanese economy business and economics in an international context. • Bringing prominent scholars, government CJEB maintains longstanding connections with many officials and executives from Japan to influential Japanese and Asian corporations, business Columbia for events, research, and the professionals, scholars and government officials. Close Center’s Visiting Fellows Program interaction with this network enables CJEB to stay in touch with business sentiment and economic forces in • Publishing a Japan-focused Working Paper Series the Asian region, maintaining its position at the center as well as summary reports on Center events of discussions about this part of the world. • Assisting with various student-led projects related to Japan, including an annual study tour to Tokyo and other cities in Japan • Developing a major database of statistical resources on the Japanese economy available for the Columbia University community • Drawing from CJEB’s network of contacts with Japanese companies to bring practitioners into the MBA classroom • Providing financial and project support for Japan-related research conducted by Columbia faculty members as well as PhD students and graduate students For up-to-date information on CJEB activities, please visit gsb.columbia.edu/cjeb.
    [Show full text]
  • Evaluation for Better Results
    Evaluation for Better Results This book marks 10 years of independent evaluation at the Asian Development Bank. It shares the journey to organizational and financial independence of evaluation and the transformation in evaluation approaches to support effectively accountability and learning. The book captures how evaluation is advancing from largely ex post assessments of programs and projects to a varied set of forward-looking and real time tools and innovations in evaluation methods. This book offers a collection of papers from distinguished development practitioners and evaluators around the world and shares experiences in capacity development for evaluation at the country level. Evaluation for better results requires connecting with development challenges in a changing development context, focusing on and measuring outcomes, and proposing lessons and solutions to improve results. Tried and tested approaches may not be enough by themselves for dealing with unfamiliar situations as well as with past development problems that remain intractable. Innovative approaches are crucial in evaluation methods and outreach to enhance rigor and influence. Evaluation for Better Results Evaluation for About the Asian Development Bank ADB’s vision is an Asia and Pacific region free of poverty. Its mission is to help its developing member countries reduce poverty and improve the quality of life of their people. Despite the region’s many successes, it remains home to approximately two-thirds of the world’s poor: 1.6 billion people who live on less than $2 a day, with 733 million struggling on less than $1.25 a day. ADB is committed to reducing poverty through inclusive economic growth, Independent Evaluation environmentally sustainable growth, and regional integration.
    [Show full text]
  • 2017 Global Meeting
    OCTOBER 15-16, 2017 VIRGINIA WARRENTON, EMERGING MARKETS FORUM 2017 GLOBAL MEETING The Emerging Markets Forum was created by the Centennial Group as a not-for-prot initiative to bring together high-level government and corporate leaders from around the world to engage in dialogue on the key economic, nancial and social issues facing Final emerging market countries. Program The Forum is focused on some 70 market economies in East and South Asia, Eurasia, Latin America and Africa that share prospects of superior economic performance, already have or seek to create a conducive business environment and are of near-term interest to private investors, both domestic and international. Our current list of EMCs is shown on the back cover. We expect this list to eveolve over time, as countries’ policies and prospects change. Further details on the Forum and its meetings may be seen on our website at http://www.emergingmarketsforum.org The Watergate Oce Building, 2600 Virginia Avenue, NW, Suite 201 Washington, DC 20037, USA. Tel:(1) 202 393 6663 Fax: (1) 202 393 6556 Emerging Markets Email: [email protected] Forum A nonprofit initiative of the Centennial Group Final Agenda All the meals and sessions will take place at Airlie Center in Warrenton, Virginia. Sunday, October 15, 2017 14:30-16:00 Registration 16:00-16:30 Welcome Remarks by Forum Co-chairs Enrique Garcia, Former President and Chief Executive Officer of CAF - Development Bank of Latin America; Takehiko Nakao, President, Asian Development Bank (ADB); Hiroshi Watanabe, President
    [Show full text]
  • 2019 Global Meeting
    OCTOBER 20-22, 2019 EMERGING MARKETS FORUM 2019 LANSDOWNE RESORT AND SPA, VIRGINIA LANSDOWNE RESORT AND SPA, GLOBAL MEETING The Emerging Markets Forum was created by the Centennial Group as a not-for-prot initiative to bring together high-level government and corporate leaders from around the world to engage in dialogue on the key economic, nancial and social issues facing FINAL emerging market countries. PROGRAM The Forum is focused on some 120 market economies in Asia, Eurasia, Latin America and Africa that share prospects of superior economic performance, already have or seek to create a conducive business environment and are of near-term interest to private investors, both domestic and international. Further details on the Forum and its meetings may be seen on our website at http://www.emergingmarketsforum.org The Watergate Oce Building, 2600 Virginia Avenue, NW, Suite 201 Washington, DC 20037, USA. Tel:(1) 202 393 6663 Fax: (1) 202 393 6556 @EmrgMktsForum Email: [email protected] Emerging Markets Forum A nonprofit initiative of the Centennial Group Agenda All the meals and sessions will take place at Lansdowne Resort & Spa, Virginia. Sunday, October 20, 2019 12:00-14:00 Registration (Faulkner Room) 14:00-14:10 Welcome Remarks and Introduction to the Forum Design and Structure Harinder Kohli, Founding Director and Chief Executive, Emerging Markets Forum 14:10-14:45 Keynote Speech: The Current State of the Global Economy and Longer Term Implications for Emerging Economies Introduction: Gautam Kaji, Chairman, Emerging Markets
    [Show full text]