ADB aims to mprove life standard of 330m people of Asia
Asian Development Bank (ADB) President Takehiko Nakao has said to improve the living standard of 330 million people of Asia living under the absolute poverty line is the major goal and objective of ADB.
During his talks with over 400 journalists looking after the economic beat gathered in an International Convention Venue based at Yokohama to collect news about the golden jubilee celebrations of the ADB, Mr Nakao said to build a prosperous Asia through collective efforts was the ADB goal.
Stating that Asia needs 170 billion dollar annually to develop transport, communications and energy infrastructure, the bases required for making the region economically prosperous, he said, "The ADB is committed to meeting this goal."
Nations-to-nation partnership and cooperation along with the guarantee of sustainable development and inclusive economic growth are essential to meet the goal for prosperity, according to the ADB President.
Giving his logic that impact of urbanization had posed a challenge to clean environment, he said the green urban development was the ADB priority.
He was of the view that expansion of regional cooperation, trade diversification and integration were essential factors for the prosperity of Asia and the goal could be achieved through partnership, cooperation and coordination among the member states.
The ADB head further reiterated its commitment to be always with its member states to support in efforts aimed at fighting against climate change impact, maintaining environment balance, achieving social security and sustainable development goals.
On the occasion, he took time to share the information that the ADB was providing loan assistance up to 70 per cent to its member state in the sector of infrastructure development and the bank had sufficient capital to invest in this sector.
He commented that the One Belt: One Road (OBOR), an ambitious project forwarded by China was an effective means of developing connectivity in Eurasia therefore, the countries having less population should rethink on its feasibility.
He further said that the wind, solar, hydro and other renewable energies were the priority of the bank as it was focusing on clean energy promotion to solve the energy crisis in its member states.
To a query regarding hiking defense expenditure cutting from developmental budget by some Asian countries due to the rising tension in Korean peninsula, he thought the issue would be resolved soon contributing to establishing a peaceful and prosperous Asia.
Meanwhile, the Bank told RSS about its three projects to be effective in Nepal, namely the urban development, drinking water supply and sanitation and river improvement.
The bank is going to run a regional urban development project at a total cost of 147 million US dollar this year. Similarly, the bank will run Bagmati River Banks Reform Project at a total cost of 40 million US dollar next year.
Likewise, ADB will begin next project entitled the Second Kathmandu Valley Drinking Water Improvement Project at a total cost of 185 US dollar in 2019.
- Gold, silver prices down
- Gold, silver prices rise
- Gold price down by Rs 200 per tola
Nepal Yatayat brings 34-seater buses into operation
Nepal Yatayat has brought four new buses into operation in Kathmandu Valley replacing its old and small-sized buses. "Large buses have been brought into operation keeping in mind the government's policy of removing 20 years old buses and difficulty faced by standing passengers due to smaller space," said secretary at Nepal Yatayat Minibus Service Committee Gopal Chandra Gurung.
- Gold, silver prices stable
Oops! Deuba does it again
Deuba and Dahal have made a mockery of the constitutional provision of impeachment as a weapon of last resort with its preemptive registration as a tactical move to stop CJ Karki from delivering justice. This will set a bad precedent and there will be more such tactical use of impeachment in the future considering how justices at the SC are being appointed in political quotas in recent times.
Challenges for reconstruction
One of the major challenges faced in the reconstruction process of Nepal is the absence of elected local government. Lack of government in local level was reflected in the major pre-disaster and post-disaster events, where it took months to reach the affected region and still no widely-accepted data is available. In the absence of an elected local government, top-down approach of governance has its own accountability deficit.
Apil KC/Keshab Sharma
Jhamsikhel as I knew
Hari-ko-pasal, right at the said junction used to be the place to buy any household item ranging from food grains and other household items. There was nothing that he did not have. Most often he loved keeping his customers waiting, more so if they were younger. He kept his client engaged with jokes and tole gossip.
Empowering local bodies
It is common to rent a room or two based on nothing more than a verbal contract. There are two types of owners. There are many who rent legal properties informally and those who rent out illegally built ones. The rental space demand is so much that owners openly flout bylaws by building more number of floors than approved. It is difficult, as it is, to bring both type of owners within the system.
Traffic Police in Kathmandu
As busy and hassling as the traffic system in Kathmandu is, the Traffic Police here have to handle an equally strenuous job. Over 1,400 traffic officers in and around the Kathmandu Valley battle against the pestering traffic and air pollution each day.
Menstrual taboo outdated
I have seen my sisters and friends isolated and treated in discriminatory manner during their first menstruation cycle. They were not allowed to look at the sun, to touch water source, flower, fruits, any male family member, nor even hear their voice. The activist may claim the situation has changed and I do agree but still during every month my loved ones turns into untouchables beings.