Home / Knowledge / News / Textiles / ADB to focus on environment & inclusive growth in PRC

ADB to focus on environment & inclusive growth in PRC

26
Apr '08
Balanced and inclusive economic growth as well as increased protection for the environment top the list of priorities set out by the Asian Development Bank (ADB) in its new development strategy for the People's Republic of China (PRC).

ADB's 2008-2010 Country Partnership Strategy (CPS) for PRC also puts emphasis on encouraging more private-sector participation in efforts to eradicate poverty in the country and fostering regional cooperation that will allow PRC to play a more prominent role in providing assistance to other developing economies in Asia in partnership with ADB.

“Reducing poverty remains a daunting challenge in PRC. Sustaining growth will be vital for this, but that will not be possible without addressing environmental degradation, growing inequality, and the strains on resources,” said Robert Wihtol, Country Director of ADB's PRC Resident Mission.

A CPS is the primary planning instrument guiding ADB's operations in a developing member-country, as well as the monitoring and evaluation tool to track the country's performance during the course of the CPS.

The goals set out under the CPS support the PRC Government's 11th Five-Year Plan for 2006-2010 to develop national energy efficiency and environmental protection policies. The priority sectors identified under the CPS are transport and communication, energy, water supply and sanitation, agriculture and natural resources, and finance.

ADB expects to extend up to $1.5 billion in loans and as much as $20 million in grants annually to fund development assistance projects under the CPS.


Interviews View All

Top executives, Fabric manufacturers

Top executives
Fabric manufacturers

Domestic manufacturers would get an edge over imported products

Marazban F Velati, Sutlej Textiles & Industries limited

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Abhishek Ganguly, Puma India

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Yash Jain & Sanjeev Jain,

Yash Jain & Sanjeev Jain

Divyam Export, launched about 30 years ago, exports to 15 countries,...

Simon Daplyn,

Simon Daplyn

Switzerland-based Sensient Imaging Technologies is a pioneer with a global ...

Ken Butts,

Ken Butts

The mission of Swiss company Datacolor is to empower its customers to make ...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eric Scholler, Groz-Beckert

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search