The workshop, Transport and Sustainable Development in Asia and the Pacific, will be held on 28 May 2018. It will be jointly hosted by ADB and the World Bank Group.

MANILA, PHILIPPINES (30 May 2018) — Results management and independent evaluation must work hand in hand for international financial institutions (IFIs) to improve their performance and deliver significant development results on the ground, according to participants at a high-level meeting held today at Asian Development Bank (ADB) headquarters.

Opening remarks by ADB President Takehiko Nakao at the ECG-MfDR Working Group Joint Meeting on 30 May 2018 at ADB Headquarters, Manila, Philippines

The targets of the Sustainable Development Goals (SDGs) include access to adequate and equitable sanitation and hygiene for all, and an end to open defecation, by 2030. Their achievement will require significant new financing. For urban Asia, an estimated $130 billion over 10 years in capital investment will be needed until 2030 if countries are to meet the SDGs’ water supply and sanitation targets. 

The main objectives of the Country Partnership Strategy (CPS), 2012–2016 were poverty reduction and the creation of a more diversified and productive economy, in line with country priorities. The Asian Development Bank sovereign financing, including cofinancing, to the Solomon Islands in the form of loans, grants, and technical assistance during 2012–2016 amounted to $138.91 million, 76% of which was dedicated to transport, 16% to energy, and 8% to public sector management.