Development cooperation , 12.12.2018

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 for two years in the Asian Development Bank. 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  12.12.2018

1 200 000 €

Objectives monitored by OECD's Development Assistance Committee

  • Participatory development/Good governance

Field of activity

  • Education policy and administrative management 50%
  • Business support services and institutions 50%

Funding channel

Aasian kehityspankki

Contact

asa-10

Code for the object of funding

79812750

ID

UHA2018-005554

Modified

20.12.2018