Mr. Edimon Ginting
Country Director, Asian Development Bank
Power & Energy
November 29, 2021 | 11:30am - 12:45pm | GMT+6
BRIEF ON EDUCATION: Doctorate degree in economics from Monash University, Australia, and bachelor's and master degrees from Indonesia and Thailand.
BRIEF ON PROFESSION: Mr. Ginting joined ADB in 2007. Prior to the current assignment, he held several senior positions in ADB, including deputy director general of Economic Research and Regional Cooperation Department, director of Economic Analysis and Operational Support Division, and deputy country director at the Indonesian Resident Mission. He led preparation of several key policy-based loans, and ADB's crisis response operations after the 2009 global financial crisis. Before joining ADB, he was an economist at the International Monetary Fund; advisor to the Indonesian Parliament; research economist at the Productivity Commission, Australia; researcher and lecturer at the University of Indonesia; and postdoctoral fellow at Monash University,
Mr. Ginting has authored numerous publications including on fiscal policy, state-owned enterprises, international trade, employment, economic outlook, and economic development challenges for several countries in Asia.
BRIEF ON SPECIAL ACHIEVEMENT:
BRIEF CONTRIBUTION OF THE ORGANIZATION:
- ECONOMY OF BANGLADESH
After Bangladesh became a member of ADB in 1973, ADB has provided Bangladesh with around $45 billion in loans and grants, including cofinancing, for socio-economic development. ADB's current sovereign portfolio has 52 projects with over $12 billion. ADB contributed to the development of many sectors and economic areas of Bangladesh including six sectors-energy; transport; water and urban/municipal infrastructure and services; education; finance; and agriculture, natural resources, and rural development.
- LOCAL AND OR FOREIGN PRIVARE INVESTMENT OF BANGLADESH
ADB assistance to Bangladesh contributed to improvement of infrastructure services, governance, and regulatory environment resulting in improvement in overall business climate in the country.
- GENERATING EMPLOYMENT IN BANGLADESH
ADB assistance for various development projects and programs of the Government contributed to generation of wider economic opportunities and job creation by improving infrastructure, education, skills, health, workplace safety, and core labor standards.
- TRANSFERING/DEVELOPING TECHNOLOGY IN BANGLADESH
ADB catalyzed, introduced, and promoted transfer and development of new technologies through its projects and technical assistance grants. New technologies in energy, transport, agriculture, urban, water resources management, finance, and other areas helped increase efficiency, service delivery, economy of scale, effectiveness, and productivity. ADB also helped pilot various new technologies across diverse economic sectors.
- TRANSFERING/DEVELOPING KNOWLEDGE IN BANGLADESH
Partnering with Bangladesh since 1973, ADB operations generated a wide range of knowledge and learning opportunities. In addition to capturing tacit knowledge from its operations, ADB brought about the lessons learned from its operations in the country as well as elsewhere in the Asia-Pacific region.
- TRANSFERING/DEVELOPING SKILLS IN BANGLADESH
Skills development is a priority area for ADB as it is critical for creating jobs, promoting development, and seizing the opportunity of demographic dividend. ADB has been implementing specific projects and programs for skills development in Bangladesh. the Skills for Employment Investment Program is an ongoing flagship program of Bangladesh supported by ADB. ADB has also been supporting skills development through dedicated training programs, workshops, and other specific interventions.
- DEVELOPING PRODUCT AND SERVICES IN THE BANGLADESH ECONOMY
ADB has been supporting Bangladesh in diversifying its economy and developing new products and services. Specific assistance was provided for improving readymade garments, ICT, and other areas. ADB's knowledge products also helped improve various products, and services.
A Message on Bangladesh International Investment Summit 2021.
'Bangladesh has recorded a remarkable progress during the last two decades and aspire to realize the vision of becoming a middle-income country by 2030, and a developed nation by 2041. For this the country needs to broaden its engine of growth and improve both domestic and foreign investment. I hope the International Investment Summit 2021 will help investors know about the progresses that Bangladesh has made and abundant opportunities that the county will offer with its continued progress going forward'.