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Thursday, 01 May 2014

UNIDO Director General and President of Asian Development Bank discuss ways to enhance cooperation

ASTANA, 1 May 2014 – During his participation at the 47th annual meeting of the Board of Governors of the Asian Development Bank (ADB) held in Astana, Kazakhstan from 1 to 4 May, LI Yong, Director General of the United Nations Industrial Development Organization (UNIDO), met with Takehiko Nakao, the President of the Asian Development Bank (ADB), and the Bank's senior management officials to discuss cooperation in the Asia and Pacific region based on each organization’s comparative edge and demand of member states.

Director General Li briefed President Nakao on UNIDO’s new mandate that focuses of inclusive and sustainable industrial development and on the organization’s activities and plan of operations. He highlighted the role of partnerships in the implementation of the new mandate, and said that the impact of technical assistance could be raised through leveraging resources from partners such as ADB.

The Director General acknowledged the role of ADB in assisting its member states in the Asia and Pacific region in promoting economic growth and poverty reduction, and invited ADB officials to participate in two global forums on industrial strategies and instruments for inclusive and sustainable industrial development that UNIDO will organize in Vienna in June and October.
 
President Nakao reiterated his strong commitment to closer collaboration between ADB and UNIDO. He said that inclusive and sustainable industrial development was important for job creation and poverty reduction, and suggested that ADB and UNIDO work together in areas such as global forums, joint research and knowledge sharing, and joint technical programmes. As a specialized agency of the UN system that has global coverage, UNIDO could help facilitate best practice exchange between the Asia and Pacific region and the rest of the world, said President Nakao.

Other areas of concrete cooperation between UNIDO and ADB were discussed in subsequent meetings between Director General Li and Vice President, Bindu N. Lohani; Vice President, Wencai Zhang; Vice President, Stephen P. Groff; and Vice President, Lakshmi Venkatachalam.

ADB senior management underscored the importance of manufacturing in development, as empirically established in a recent publication of the Bank, and said that ADB was committed to a proactive participation in the two global forums of UNIDO. Both parties agreed to work together in target countries in the region to advance inclusive and sustainable industrial development and develop joint projects.