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Partnership Brief: Cofinancing with Belgium

Partnership Brief: Cofinancing with Belgium

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This partnership brief, compiled by the Office of Cofinancing Operations of the Asian Development, presents key details of ADB's cofinancing activities with Belgium.
This partnership brief, compiled by the Office of Cofinancing Operations of the Asian Development, presents key details of ADB's cofinancing activities with Belgium.

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Published by: Asian Development Bank on Aug 02, 2012
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Partnership Brief 
Cofinancing with Belgium
Defining the Partnership
Direct Value-Added andOther Cofinancing 
 Trust Fund Commitments
©2012 Asian Development Bank All rights reserved. Published 2012.Printed in the Philippines.The views expressed in this publication are those of the authors and donot necessarily reflect the views and policies of the Asian DevelopmentBank (ADB) or its Board of Governors or the governments they represent.ADB does not guarantee the accuracy of the data included in thispublication and accepts no responsibility for any consequence of their use.By making any designation of or reference to a particular territory orgeographic area, or by using the term “country” in this document, ADBdoes not intend to make any judgments as to the legal or other status ofany territory or area.ADB encourages printing or copying information exclusively forpersonal and noncommercial use with proper acknowledgment of ADB.Users are restricted from reselling, redistributing, or creating derivativeworks for commercial purposes without the express, written consentof ADB.Note:In this publication, “$” refers to US dollars.
elgium’s cofinancingpartnership with the AsianDevelopment Bank (ADB)has focused on technical assistanceprojects and participation in ADB’sefforts to fight climate change.In Asia, this has includedseveral technical assistance grantsto projects in Viet Nam—whereBelgium concentrates assistancein the region—and commitmentsto two carbon funds under ADB’sCarbon Market Program.The Belgian governmenthas pledged to raise officialdevelopment assistance to at least0.7% of gross national income,the internationally acknowledgedtarget. And it has been makingsteady progress, reaching 0.64% in2010, a significant increase from0.43% in 2007.Belgium’s developmentaid covers a broad field,offering ample opportunity forcooperation with ADB. Thisincludes agriculture and foodsecurity, Aid for Trade, children’srights, education and training,environment and climate change,eradication of poverty andhunger, gender issues,health care, infrastructure,migration and development,promotion of the private sector,and conflict prevention. ADB’s Strategy 2020 putsits core operational focus oninfrastructure, education,environment, finance sectordevelopment, and regionalcooperation and integration.The International andEuropean Financial Affairsdepartment of the BelgianFederal Treasury handlesrelations with the internationalfinancial institutions. TheDirectorate-General forDevelopment Cooperation within the Department of Foreign Affairs, Foreign Tradeand Development Cooperationdrafts cooperation policiesand monitors governmentalcooperation programs. TheBelgian Technical Cooperationagency has exclusive authority toformulate and implement directbilateral cooperation.
See pages 6–7 for priority countriesin Asia and highlights of assistance.See tables, pages 8–9, forcofinancing with ADB.
Belgium’s aid reached 0.64% of gross national incomein 2010, well up from a recent low of 0.43% in 2007

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