forum-letter-to-the-asian-development-bank-on-covid19-pandemic-response

The NGO Forum on ADB calls for the Asian Development Bank to align its energy policy with the 1.5°C goal, divest from coal, and provide unconditional debt relief to developing member countries during the COVID-19 pandemic. The letter also demands the 'No Dilution' of the 2009 Safeguards Policy Statement and the introduction of binding labor and social protections.

• The NGO Forum on ADB argues that the ADB Energy Policy 2009 is outdated and contradicts the Paris Agreement because it remains heavily embedded in fossil fuels and coal.
• The document demands that the ADB fully divest from all coal mining and coal power projects, including those using carbon capture storage or co/tri-generation technology.
• The authors criticize the ADB's USD 20 billion COVID-19 recovery package, noting that only USD 2 billion is allocated as grants while the majority consists of loans.
• The NGO Forum on ADB urges the bank to stop collecting all loan payments from developing member countries for 2020 to provide unconditional funds for public health and economic recovery.
• The document highlights systemic failures in the ADB's Safeguards Policy Statement (SPS 2009), specifically citing a lack of meaningful consultation with affected communities and weak compliance from private sector operations and financial intermediaries.
• The letter calls for the upcoming SPS review to include binding safeguards for women, children, and people with disabilities, as well as binding language on Core Labor Standards.

APA

rrotadmin (2020). forum-letter-to-the-asian-development-bank-on-covid19-pandemic-response. Recourse. https://re-course.org/newsupdates/forum-letter-to-the-asian-development-bank-on-covid19-pandemic-response/

Chicago

rrotadmin. forum-letter-to-the-asian-development-bank-on-covid19-pandemic-response. Recourse, 2020. https://re-course.org/newsupdates/forum-letter-to-the-asian-development-bank-on-covid19-pandemic-response/.

Wikipedia

{{cite press release |last1=rrotadmin |title=forum-letter-to-the-asian-development-bank-on-covid19-pandemic-response |publisher=Recourse |date=22 May 2020 |url=https://re-course.org/newsupdates/forum-letter-to-the-asian-development-bank-on-covid19-pandemic-response/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{rrotadmin2020forumlettertotheasiandevelopmentbankoncovid19pandemicresponse, author = {rrotadmin}, title = {{forum-letter-to-the-asian-development-bank-on-covid19-pandemic-response}}, publisher = {Recourse}, year = {2020}, month = may, url = {https://re-course.org/newsupdates/forum-letter-to-the-asian-development-bank-on-covid19-pandemic-response/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }