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ADB's Long Term Strategic Framework Criticized for its Anti-poor Stand and Corporate Bias

By farjana - Posted on 21 June 2008

[VOICE, Dhaka, 19 June 2008]

Speakers in a meeting strongly criticized the Long Term Strategic Framework (LTSF) for 2008-2020 of Asian Development Bank for its anti-poor stand showing blanket biasness toward private sector led development. The meeting was organized by a research organization ‘Voice’ in the Supro conference room on 19 June 2008. Ahmed Swapan Mahmud, executive director of Voice moderated the meeting while it was attended by civil society organizations, trade unionists, farmers’ organizations, NGOs, students, activist groups and civil society actors.

Farjana Akter, programme coordinator of Voice presented the key note speech terming the long term strategy as anti-poor. She said that the ADB is far behind its commitment to reduce poverty, rather its involvement with corporate sector makes the poverty situation worsen in the region.