Contents with tag: poverty
The Agenda For Change, first unveiled in 2011 and approved in May 2012, will determine European Union (EU)’s development policy in the coming years. It is an attempt to improve EU poverty reduction efforts by making its development assistance “more strategic, targeted and results-oriented”.“Impact” has become a buzzword among European development officials but issues that plague European development cooperation over the years call to question whether or not the new overseas aid policy can indeed bring about real transformation in the lives of the poor in Asia & the Pacific.
Established 68 years ago, the World Bank (WB) remains one of the world’s largest multilateral development finance institutions with 188 member countries. It has a vast personnel consisting of 9,000 employees and consultants spread around the globe in over 100 offices, and an aid portfolio of $57 billion in 2011.
Last August, ADB released its 2012 Key Indicators for Asia and the Pacific with a special chapter on Green Urbanization. In this report, ADB exalts Asia-Pacific’s fast-paced urbanization as compared to other world regions. The report says that, in less than a century, 51% of the region has already been urbanized. This commentary, first posted on the Water for the People Network (W4PN) website, shows that the ADB's celebratory tone about urban progress does not, so to speak, hold water.