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New focus on SDGs needed to rebuild after COVID-19: ADB report

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New focus on SDGs needed toAsian Development Bank(ADB)’s report titled “ADB’s Support for the Sustainable Development Goals: Enabling the 2030 Agenda for Sustainable Development through Strategy 2030” states that, a renewed focus on achieving Sustainable Development Goals (SDGs) will be essential as countries seek to rebuild from the Covid-19 pandemic.

About the Report:

i.The report also highlights ADB projects and programs that help countries achieve the SDGs.

ii.The ensuing crisis is estimated to have pushed 162 million people in the region back into poverty and economic growth in developing Asia contracted for first time in 60 years.

iii.The report explains ADB’s institutional approach to integrating 17 SDGs and their associated targets into its strategies, programs and financing under its long-term strategy in 2030 through its seven operational priorities.

Measures taken by ADB:

i.The ADB ventures platform established in 2020 deploys venture capital investments and technical assistance to support early-stage technology businesses that address SDGs.

ii.ADB invests to meet the highest standards of sustainable development and deliver real results that help countries realise the vision set out in strategy 2030 and rebuild for the SDGs.

iii. ADB’s Corporate Results Framework is fully aligned with the SDGs. ADB is helping countries mobilize the finance necessary to achieve the SDGs, particularly from the private sector, and through stronger domestic resource mobilization.

About Asian Development Bank(ADB):

President – Masatsugu Asakawa
Headquarter – Metro Manila, Philippines