(MENAFN- Trend News Agency) TBILISI, Georgia, May 4. Asian Development Bankclimate finance in Central and Western Asia in 2024 will primarilyfocus on agriculture, rural development, and public sectormanagement projects, Head of ADB Regional Cooperation for Centraland West Asia Lyaziza Sabyrova said during the briefing at ADB'sannual meeting in Tbilisi today, Trend reports.
According to her, a strategy and action plan on climate changefor Central and Western Asia are currently being prepared.
“The four upcoming country partnership strategies will lay thefoundation for expanding the climate portfolio over the next fiveyears. Climate change education, awareness-raising andcapacity-building sessions are underway with member countries.
Concerted action is needed to support adaptation and mitigation,including through the proposed CAREC Climate and SustainableDevelopment Project Preparatory Fund,” she emphasized.
A meeting of the Board of Governors of the Asian DevelopmentBank kicked off today in Tbilisi. The opening marks the officialstart of the ADB's annual meeting. The event is attended by a guestof honor from the organizing country.
To note, the theme of the 57th Annual Meeting, which will beheld from May 2 to 5, is "Bridge to the Future."
The annual meeting is an opportunity for ADB Governors toaddress development issues and challenges facing the Asia-Pacificregion. Several thousand participants regularly join the meeting,including finance ministers, central bank governors, seniorgovernment officials, private sector representatives,representatives of international and civil society organizations,youth, academia, and the media.
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