Funding of the Sponsor Funded Staff Programme of Asian Development Bank
Development cooperation , 18.12.2019

Funding of the Sponsor Funded Staff Programme of Asian Development Bank

Description

With this intervention, the Ministry for Foreign Affairs of Finland funds the Sponsor Funded Staff Programme of the Asian Development Bank. The funds cover the secondment of two Finnish experts in the Asian Development Bank. The original funding covers the first two eyars, this additional funding an additional third year. One of the experts will be placed in the bank's headquarters in Manila as an education expert and the other in the Vietnam country office as a private sector development expert. Other positions may be funded based on the needs of the AsDB and the funding available. The specialist stationed in Manila will support the Bank in its work in the education sector with a focus on education in the innovation and STEM (science, technology, engineering and mathematics). There is one common theme for Finland's influencing work in development banks: enhancing education. Education is viewed as one of the primary objectives to ridge the growing income gap in Asia. The private sector development specialist will promote greater private sector participation in ADB’s Viet Nam country operations. Through the IPP programme that is closing in 2018, Finland has gained in Vietnam a good standing as well as results in the innovation sector and the start up ecosystem, both with the authorities as well as in the start up communities and big cities and universities. The cooperation is strongly forward-looking and beneficial to Vietnam. It is envisioned that the sponsoring of the specialist will support the continuity of the cooperation.

Funding decision  18.12.2019

600 000 €

Target region

Asia

Objectives monitored by OECD's Development Assistance Committee

  • Participatory development/Good governance

Field of activity

  • Education policy and administrative management 50%
  • Business Policy and Administration 50%

Type of aid

Donor country personnel

Funding channel

Aasian kehityspankki

Contact

asa-10

Code for the object of funding

79812750

ID

UHA2019-008985

Modified

08.04.2020