NGO Forum on ADB Letter to ADB re: Finance in Common Joint Declaration

13 November 2020


Mr. Masatsugu Asakawa

President

Asian Development Bank


Dear President Asakawa;


NGO Forum on ADB, an Asian led network of over 250 civil society around the World, has been monitoring Asian Development Bank (ADB) funded projects since 1992.


Our latest engagement is with the ADB Sustainable Development and Climate Change Department (SDCC) regarding the Energy Policy Review. The network is pleased with the ongoing fruitful discussion, and we deem that the Bank and our members are on the same page in pursuing ways to reduce the global temperature rise.


The network also recognizes that the ADB is a participant of COP21 as a key multilateral financial institution and partner agency[1]. The Bank is also a signatory of the ‘MDBs’ alignment approach to the objectives of the Paris Agreement: working together to catalyze low-emissions and climate-resilient development,’ a document proposing six building blocks that have been identified as the core areas for alignment with the objectives of the Paris Agreement [2].


However, with the recently concluded Finance in Common Summit, an event that seeks to contribute substantially to the success of the UNSG’s “Decade of Action,” the ADB did not sign the Joint declaration of all Public Development Banks in the World.


The Forum Network is alarmed with ADB’s decision not to commit to this critical and immediate declaration. Are management representatives of ADB autonomous in dictating energy investments in Asia bypassing climate commitments made by their respective donor and borrowing members?


We are witnessing a significant shift away in the appetite for fossil fuels, especially coal divestment, across lower and middle-income countries across Asia. The US election results are also ushering a revival of the Paris agreement in the international system. The network is demanding the ADB to reconsider and sign this significant declaration.


Respectfully,


Mr. Rayyan Hassan

Executive Director

NGO Forum on ADB


Endorsed by the following organizations:


Alyansa Tigil Mina (ATM), Philippines

Asian Peoples' Movement on Debt and Development (APMDD)

Bangladesh Working Group on External Debt (BWGED), Bangladesh

Center for Environment and Participatory Research CEPR, Bangladesh

CLEAN (Coastal Livelihood and Environmental Action Network), Bangladesh

Community Empowerment and Social Justice Network (CEMSOJ), Nepal

E3G Third Generation Environmentalism

Environics Trust, India

Environmental Public Society, Armenia

Equitable Cambodia, Cambodia

Food first Information and Action Network - FIAN Sri Lanka, Sri Lanka

Friends of the Earth Japan, Japan

Growthwatch, India

Indian Social Action Forum, India

Initiative for Right View, Bangladesh

Japan Center for a Sustainable Environment and Society (JACSES), Japan

Land lord bayanzurkh communally association, Mongolia

Mekong Watch, Japan

Nash Vek, Kyrgyzstan

Oyu Tolgoi Watch, Mongolia

Recourse, Netherlands

ResponsiBank Indonesia, Indonesia

Rivers without Boundaries International Coalition, Eurasia

Rivers. without Boundaries Coalition Mongolia, Mongolia

Sri Lanka Nature Group, Sri Lanka

VOICE, Bangladesh

WNGO, Mongolia

Youth For Environment Education And Development Foundation (YFEED Foundation),

Youth Group on Protection of Environment, Tajikistan, Nepal

[1]https://www.adb.org/news/events/adb-unfccc-climate-change-conference-cop21

[2]https://www.adb.org/sites/default/files/related/133721/Joint%20Declaration%20MDBs%20Alignment%20Approach%20to%20Paris%20Agreement_COP24_Final.pdf


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The NGO Forum on ADB is a network of civil society organizations (CSOs) that has been monitoring the projects, programs, and policies of the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB). 

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