USAID, ADB union to help Pacific reinforce economic & community resilience

By Nikita Chaurasia  | Date: 2022-08-23

USAID, ADB union to help Pacific reinforce economic & community resilience

The United States Agency for International Development (USAID) and Asian Development Bank (ADB) have reportedly signed an agreement to support the Pacific region in better preparing for and responding to pandemics, economic shocks, and the effects of climate change and disasters.

The two major officials signing the Regional Development Objective partnership deed were USAID Acting Mission Director for the Pacific Islands, Philippines, and Mongolia Betty Chung and ADB’s Senior Advisor for Policy, Strategy, and Partnerships- Kenji Yuhaku.

Additionally, Leah Gutierrez, Director General of the ADB for the Pacific, stated that the organization and USAID share similar interests in addressing development concerns in the Pacific region. However, as Pacific countries continue to address climate change threats while extensively responding to disasters, the partnership will eventually help both the organizations work with stronger coordination.

Notably, the partnership may also enhance the management of the allocation of natural resources needed in the Pacific region. In addition to this, the USAID will specifically assist the countries in streamlining the economic growth drivers and community resilience to boost the Pacific region’s growth trajectory.

On the other hand, in terms of ADB’s efforts to eradicate extreme poverty, the alliance establishes a prosperous, diverse, resilient, and sustainable Asia and the Pacific.

According to Betty Chung, the United States holds a major stake in the Indo-Pacific region highlighting the commitment toward Pacific Island nations.

Betty added that by developing open, connected, wealthy, resilient, and safe Indo-Pacific, economies in the region could be better equipped to meet the challenges of the 21st century and take advantage of its numerous prospects.

It has been further reported that in order to help the region become more shock-resistant and capable of overcoming the difficulties of distance and isolation, the partnership focuses on strengthening health systems coverages to increase access to inexpensive and climate-smart power systems through private sector-led investments.

Source Credit: https://reliefweb.int/report/cook-islands/adb-usaid-partner-help-pacific-strengthen-community-resilience-and-governance

About Author

Nikita Chaurasia     aeresearch.net

Nikita Chaurasia

An accomplished professional in the field of content development, playing with words comes naturally to Nikita Chaurasia. After completing her post-graduate MBA degree in Advertising and PR, Nikita worked across numerous content-driven verticals, undertaking diverse r...

Read More >>

More News By Nikita Chaurasia

Chanel pioneers ¬sustainability-linked bonds for combating climate changes

Chanel pioneers ¬sustainability-linked bonds for combating climate changes

By Nikita Chaurasia

French luxury fashion house well-recognized for its perfumes and tweed suits, Chanel, has reportedly unveiled ­sustainability-linked bonds, or SLBs, to combat climate change two years ago when the firm was in need to borrow money. The investor...

NLP Logix Partners and Databricks team up for Lakehouse Platform

NLP Logix Partners and Databricks team up for Lakehouse Platform

By Nikita Chaurasia

NLP Logix, a well-known predictive modeling and machine learning leader, has recently announced that it has entered into a partnership with Databricks, an American enterprise software company, to drive business value by deploying data and artificial ...

Elliptic Labs inks deal with Xiaomi to offer a proximity detection solution

Elliptic Labs inks deal with Xiaomi to offer a proximity detection solution

By Nikita Chaurasia

Elliptic Labs, a global AI software company, has reportedly entered into a new agreement with Xiaomi, one of the third-largest smartphone manufacturers across the globe. With this agreement, Xiaomi will continue to leverage INNER BEAUTY, the AI Vi...

L&T Technology Services partners with Qualcomm to amplify 5G adoption

L&T Technology Services partners with Qualcomm to amplify 5G adoption

By Nikita Chaurasia

L&T Technology Services Limited has recently announced that it is teaming up with Qualcomm Technologies, Inc., the world’s leading wireless technology innovator. With the latest collaboration, the firm plans to offer end-to-end solutions...

PNAS, Straive partner to deliver end-to-end content production services

PNAS, Straive partner to deliver end-to-end content production services

By Nikita Chaurasia

Renowned U.S.-based nonprofit and non-governmental organization, NAS (National Academy of Sciences), has reportedly collaborated with Straive, one of the leading technology-driven solutions providers for Content, EdTech, and Data. With this acquis...