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Wednesday, 12 September 2012

UNIDO and Asian Development Bank to expand cooperation

VIENNA, 12 September 2012 – Further closer engagement between the United Nations Industrial Development Organization (UNIDO) and the Asian Development Bank (ADB) was discussed at a meeting today between UNIDO Director-General, Kandeh K. Yumkella, and the ADB Vice President, Bindu Lohani.

“I am positive we are entering a new era of cooperation with the ADB,” said Yumkella.

“UNIDO is a strong partner in promoting and accelerating sustainable industrial development and improving living conditions in the world’s poorest countries. Our organization will be working closely with Asian Member states in order to apply UNIDO’s new strategic industrial policy approach aimed at providing technical support, fostering institutional development and trade capacity building. Our main goal is to help them capitalize on, or respond effectively to, shifts in competitive advantages and foster structural change, which is essential to achieve environmentally sustainable economic development of each single country and of the whole region,” added Yumkella.

On 13 September, UNIDO and ADB will co-organize a Round Table “Asia 2050: the sustainable route to prosperity” at the Austria Center Vienna.

For more information on UNIDO, please contact:

Mikhail Evstafyev
UNIDO Advocacy and Communications Coordinator
Tel. +43-1-26026-5021
Mobile +43-699-1459-7329
E-mail