Ireland contributes $1.07 mn to ADB Governance Cooperation Fund
19 Nov '07
2 min read
Ireland is contributing $1.07 million to the Asian Development Bank's (ADB) Governance Cooperation Fund, supporting the ADB's efforts to promote the development of good governance policies in Asia.
“We appreciate this significant contribution to ADB's governance initiatives,” said Werner Liepach, principal director of ADB's Office of Cofinancing Operations. “This contribution will further promote ADB's efforts to fund technical assistance projects that will provide policy advice, project preparation, training and capacity development, and institutional activities to support good governance.”
“The Government of Ireland grant will enable the ADB to expand and deepen partnerships in Asia and the Pacific, and will support country-owned initiatives to improve the quality of governance at country, sector and project levels,” said Kathleen Moktan, director of ADB's Capacity Development and Governance Division.
The Governance Cooperation Fund was approved by the ADB in 2001. It was originally established through a grant contribution by Canada in the amount of $1.6 million. Norway joined with a grant commitment of $2 million, followed by Denmark with a grant commitment of $1.35 million. The fund is packaged as a multi-donor umbrella facility, which allows other donors to join in.
Between 2002 and 2005, the fund received 46 applications totaling $11.53 million, of which 22 proposals totaling $4.77 million were approved as technical assistance projects.
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