ADB president hopes peace returns to South Asia soon

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Milan (Italy): Asian Development Bank (ADB) president, Masato Kanda, has expressed hope that India and Pakistan will find peaceful solutions to their outstanding affairs, including the current nuclear fee off, after the terrorist attack in Indian -occupied Kashmir, which killed 26 people on April 22.

India has accused Pakistan’s “organizations” for the attack. Islamabad denies the allegation and suggests that New Delhi should look inside to find real criminals.

Asked by the news during the 58th Annual Meeting of ADB opened in Milan on Sunday, he was concerned about being the head of a multi -faceted financial institution with a long -lasting lending partnership with the two neighbors related to the South Asian nuclear weapons, but it was a matter of peace with India. Come.

“As an international development organization, we are not engaged in political affairs. However, we believe that peace and political stability are the basis of sustainable development. We hope a peaceful resolution in all regions, as the conflict eventually damages the weakest population.” Kanda said the bank continued to support peace and stability through economic cooperation and comprehensive development.

The news also asked whether the current leadership has been dealing with major global challenges such as regional relations, trade mutual dependence and globalization against growing nationalism and pieces.

The president of the bank said, “I express your concern about the global leadership environment. At the time of the pieces, institutions like ADB play an important role in promoting mutual cooperation, promoting multilateral and ensuring that development is comprehensive, sustainable and focused on people.”

Kanda searched a bit in history to give more details to his answer. “This can be the first time we have seen such situations since 1944 or 1945. The Asia -Pacific region has benefited greatly from the open trading system and a relatively stable international order. We hope that the international financial architecture is safe and improved for the benefit of all, especially poor and poor.”

Before taking over the ADB on February 23, the Japanese Prime Minister and the Finance Minister, 59 -year -old Kunda, who held senior consulting positions, said that the bank supports peace and prosperity to ensure permanent development in areas such as climate change, food system development, regional communication and social development.

Making a list of bank priorities over the next five years, the President promised funding for food system components such as agricultural development, value chain and food system such as food system components. He said that ADB plans to increase the bank’s cooperation by $ 26 billion in its agriculture program by 2030 so that it can take it to $ 40 billion. “This expanded support will help countries reduce appetite, improve nutrition, protect the environment and create opportunities for farmers and traders.”

He hoped that increasing investment would change from production and processing to distribution and use in China. “Of the extra $ 26 billion, $ 18.5 billion will support official efforts, and $ 7.5 billion will go to the private sector. By 2030, the purpose of investing in the private sector is to make more than 27 percent of the total program, which will identify their mandatory role in the change of food system.” He said that the financing injection in the agricultural sector would not affect the bank’s other basic promises and priorities.

Regarding a question raised on the Asia -Pacific region’s smaller and medium economies, the President of the ADB called on the world’s largest economies because of a question raised by President Trump’s volatility and the implementation of President Trump’s prices and the implementation of President Trump’s prices and President XI’s tight -tet reaction.

He also advised diversity to find new trade partners instead of banking for regional neighbors for bilateral trade.