(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 15. Asian
Development Bank (ADB) is continuing to support CAREC's program in
building research capacity, President of ADB Shixin Chen said
during the 6th CAREC Think Tank Development Forum on 'Recalibrating
Growth Dynamics for Inclusive and Sustainable Economies', Trend reports.
'ADB has made promoting the building of the potential in
knowledge area its priority. Amid the challenges in the region, the
bank allocated $18 billion as part of the lending program on the
basis of the development policy of the sector to implementation
until 2024. ADB aims to expand the expertise base to assist its
partners, as well as support CAREC in this vein. CAREC Institute
and think tank network should look for more opportunities to
support countries members in building their research capacity,' he
said.
According to him, ADB pays attention to resolving issues caused
by the COVID-19 pandemic. In this context, the bank allocated $29
billion for healthcare and humanitarian assistance to the affected
populations.
'Solving problems such as lack of water resources, health
issues, and natural disasters is a priority for the bank. ADB has
allocated $100 billion to solve these problems for implementation
until 2030,' he added.
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