Friday, May 21, 2010
Cynthia's post
Asian Development Bank (ADB) is an international development finance institution who aims to help its developing member countries reduce poverty and improve their quality of life. It is established in 1966 with 67 member countries present. They have a wide range of partners from governments to foundations.
In March 2010, ADB has established a partnership with the Agence Francaise de Developement (AFD) who is a bilateral development finance institution having more than 60 agencies offices worldwide. They have an aligned goal which is to ‘support inclusive and sustainable economic growth and reducing poverty and inequalities in the Asia and Pacific region’ which will include achievements of the MDGs and protection of Global Public Goods.
The main areas they hope to target are the developing countries in Asia Pacific region that have competing and important priorities that are widely spread across sectors. These countries should have the strengths and potentials to improve. Both organizations will focus on their comparative advantages to add value to the projects. They will also “improve policy dialogue at country level in support for the accomplishment” the Paris declarations and Accra. They will also explore internal policies to achieve aid effectiveness. They hope to share their knowledge and resources together to yield more benefits.
I believe their approach is effective, efficient and sustainable. Firstly, because both organizations’ missions are aligned, it is easier for them to set their directions. AFD has a wide range of financial instruments in funding activities and is experienced in providing assistances in many sectors. This collaboration will help more countries in need and also exchange their expertise with each other. Both organizations have taken part in joint projects before and feel that it is very comfortable working with each other.
However, possible challenges they might face would be that they are not able to meet up as often perhaps due to their countries’ distance (Manila and Paris). Also, it might be hard to determine whether one of the organizations is not doing its part well enough. Their cultural differences might also bring about miscommunications. They should think of the approaches they want to take to review potentials of the countries they wishes to help.
Resources:
http://www.adb.org/About/
http://www.adb.org/partnerships/pdf/partnership-framework-afd.pdf
We Loved11:51 AM
April 2008 past