The Asian Development Bank (ADB) has generally endorsed a new country partnership strategy (CPS) for the People’s Republic of China (PRC) to support the government efforts to achieve high-quality, green development.
Covering 2021–2025, ADB operations in the PRC will focus on three interrelated strategic priorities, which include environmentally sustainable development, climate change adaptation and mitigation, and an aging society and health security.
“ADB is targeting areas where it can add value through innovative demonstration projects that generate regional public goods, knowledge and best practices for replication,” said Yolanda Fernandez Lommen, ADB’s country director in the PRC. “Close cooperation between sovereign and nonsovereign operations will be at the core of this approach, and synergies between ADB’s operational and knowledge departments will be used to help develop solutions to complex issues.”
ADB proposes total lending commitment
