Pacific countries welcome ADB shift to become a climate bank for the Asia Pacific region
Fiji, May 6 -- The move by the Asian Development Bank (ADB) to promote itself as climate bank for Asia Pacific region has been welcomed by its 14 Pacific Developing Member States (PMDCs).
And the Pacific DMCs have collectively challenged the ADB to ensure that 'practical fit for purpose policies are in place for small island developing states (SIDS).'
Speaking on behalf of all the PMDCs, Samoa's Minister for Finance and ADB Governor, Lautimuia Uelese Vaai thanked the bank's leadership for spearheading collaboration with the Green Climate Fund (GCF) for a specific allocation for Pacific countries - that will complement the Asian Development Fund (ADF) in financing country and regional development.
"Our smaller members are facing much mo...
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