ADB's 41st Annual Governors' Meeting
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Read minutes of CSOs meeting with ADB President Kuroda
ADB warned of Asia’s risks without strong Safeguards
May 6, Madrid – Asia’s vulnerable communities and environment will continue to be at risk if the Asian Development Bank fails to improve its existing Safeguards that are currently being revised. Further, the ADB Safeguard policies on the environment, involuntary resettlement and indigenous peoples should protect the poor and not corporate interests.
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ADB’s 'climate change hypocrisy' denounced by civil society groups
05 May, Madrid -- Asian environmental and human rights groups branded today the Asian Development Bank as a "leading world emitter of climate change hypocrisy" for issuing calls for clean energy investments to fight global warming while extending massive funding support for dirty mega-coal projects in Asia. more
NGOs to ADB president: "No future for Asia's poor under ADB!"
3 May 2008, Madrid -- Asian Development Bank President Haruhiko Kuroda opened the 41st Annual Meeting of the ADB today under a hail of questions from civil society groups critical of the ADB's pursuit of private sector development at the expense of poverty-alleviation efforts and community and environmental interests.
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For the past four decades, the ADB's development intervention in Asia and the Pacific region has contributed to environmental damage and the displacement of millions of people. According to the Operations Evalauation Department, the Bank's operations have led to the displacement of 1.77 million since 1994. Moreover, projects approved in the last five years are expected to affect 100,000 to 150,000 people every year. The ADB has also continued to fund fossil fuel-dependent projects, such as coal power plants, large dam projects and road corridors traversing environmentally-sensitive areas.
From 3-6 May 2008, the ADB will be holding its 41st Annual Governors' Meeting (AGM) in Madrid, Spain. The AGM is an important event where the Bank's Board of Governors makes important decisions setting its direction. The AGM is also an opportunity for civil society organizations to interact with the Bank's senior officials and staff about contentious issues related to its policies and projects.