Wahyu Dwi Anggoro
As the region’s climate bank, ADB is intensifying efforts to deliver USD100 billion in climate financing across Asia and the Pacific by 2030.
The region is also facing dual food and fuel crises, prompting Asakawa to call on leaders to take urgent action on food supply and value chains, while working to improve energy security.
Across Asia and the Pacific, ADB is supporting food security with a comprehensive USD14 billion program through 2025, while also spearheading game-changing initiatives in the energy sector including the Energy Transition Mechanism.
The IMT-GT and BIMP-EAGA meetings were held on the sidelines of the 42nd Association of Southeast Asian Nations (ASEAN) Summit and included leaders from Brunei Darussalam, Indonesia, Malaysia, and the Philippines.
IMT-GT was established in 1993 with the objective of accelerating economic transformation in disadvantaged areas in Indonesia, Malaysia, and Thailand by leveraging their complementarities and comparative advantages. BIMP-EAGA was established in 1994 as an initiative dedicated to spurring development in remote and less developed areas in Brunei Darussalam, Indonesia, Malaysia, and the Philippines. BIMP-EAGA aims to increase trade, tourism, and investments in the subregion. (WHY)
