July 22, 2024 15:44 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Supreme Court stays Yogi govt's Kanwar Yatra diktat given to eateries | 'They tried to silence me': PM Modi slams Opposition on day 1 of Parliament's Budget session | 'Serious problem in our examination system': Rahul Gandhi slams Dharmendra Pradhan over NEET in Lok Sabha | NEET row: Education Minister Dharmendra Pradhan says, 'No evidence of paper leak in past 7 years' | Budget will set tone and trajectory for next 5 years: PM Modi as Parliament's Monsoon Session begins today
Jaitley asks Asian Development Bank to set up regional hub in Delhi for South Asia region
Image: twitter.com/arunjaitley

Jaitley asks Asian Development Bank to set up regional hub in Delhi for South Asia region

| | 07 May 2017, 12:25 pm
Yokohama, May 7 (IBNS): Union Finance Minister Arun Jaitley asked the Asian Development Bank (ADB) to set up a regional hub in New Delhi for the South Asia region in order to keep pace with the growing aspirations of the people and to expedite the process of project preparation and delivery for India and other countries in the region.

He also urged the Bank to adopt country system for procurement, social and environmental safeguards expeditiously.

Jaitley was addressing the Board of Governors of the ADB at its 50th Annual Meeting at Yokohama, Japan.

The Finance Minister was accompanied by Shaktikanta Das, Secretary, Department of Economic Affairs, who is also the Alternate Governor of India to ADB.

Jaitley congratulated the Asian Development Bank (ADB) on completing its 50 years and serving the people of Asia-Pacific region.

While lauding the efforts of the Bank in eliminating poverty in the region through development of physical and social infrastructure, Jaitley called for a greater focus on renewable energy keeping in view our commitment to tackle climate change.

In urban development, especially in the sectors of drinking water and sanitation, Jaitley underlined the major challenges faced by many developing countries in making the system work without having to depend much on the budgetary support from the national governments.

He urged the Bank to promote sustainable models that will address these challenges. He called upon ADB to focus on climate resilient agriculture, better farm production technologies, improved value chain management and creation of better marketing infrastructure for farm produce.

Jaitley is on a three-day official visit to Japan to participate in the Annual Meeting of Board of Governors’ of Asian Development Bank (ADB) among others.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.