Bid to address region’s needs

ADB's regional director of ADB's Pacific Subregional Office (SPSO) in Suva, Masayuki Tachiiri. Picture: SUPPLIED

THE Asian Development Bank’s Strategy 2030 sets the course for our efforts to respond effectively to the Pacific subregion’s changing needs and will focus our efforts on the specific needs of small island developing states (SIDS), says regional director of ADB’s Pacific Subregional Office (SPSO) in Suva, Masayuki Tachiiri.

Mr Tachiiri said ADB would better support SIDS by combining concessional finance, knowledge and advisory services, and partnership with diverse stakeholders.

He said as part of the Strategy 2030 mandate for inclusiveness, ADB would support the subregion’s efforts to boost access to essential services and economic opportunities, focusing particularly on vulnerable and underserved communities.

A statement from ADB yesterday said Mr Tachiiri had a Ph.D. in Economics from the University of Chicago and he joined ADB in 2007 and worked in its South Asia Regional Department as well as the Strategy, Policy, and Review Department.

He also had a short stint in a private advisory firm where he worked as financial adviser for public-private partnership infrastructure projects.

According to the statement SPSO serves as ADB’s focal point for assistance ensuring the delivery of financing and knowledge solutions in the Cook Islands, Fiji, Kiribati, Samoa, Tonga, and Tuvalu.

It said Fiji would host ADB’s 52nd Annual Meeting in May 2019 — the first time a Pacific developing member country has hosted an ADB Annual Meeting, which will be an opportunity to showcase achievements and opportunities in the Pacific subregion.

Fiji has been a member of ADB since 1970, with support totalling $US509 million ($F1.1 billion) in loans, $US35m ($F75.1m) in grants, and $US32m ($f68.7m) in technical assistance.

In early 2019, ADB will launch a new Country Partnership Strategy for Fiji, which will set strategic priorities to guide the relationship and ADB operations in the country to 2023.

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