Banking on progress in Asia.From Azerbaijan to Vietnam, Asia is confronted with massive environmental degradation Environmental degradation is the deterioration of the environment through depletion of resources such as air, water and soil; the destruction of ecosystems and the extinction of wildlife. , caused largely by exponential 1. (mathematics) exponential - A function which raises some given constant (the "base") to the power of its argument. I.e. f x = b^x If no base is specified, e, the base of natural logarthims, is assumed. 2. population growth, along with expanding manufacturing and petroleum and mineral extraction. Yet despite an economic boom, Asia is still home to two-thirds of the world's poor. The Asian Development Bank Asian Development Bank A financial_institution established in 1966 to reduce poverty in the Asia-Pacific region. The bank is headquartered in Manila, Philippines and consists of 61 member countries. , which works in 25 countries, has adopted a new Environment Policy that uses "pro-poor" initiatives to reduce poverty while building environmental sustainability. They include making the bank's poverty reduction approaches more attuned at·tune tr.v. at·tuned, at·tun·ing, at·tunes 1. To bring into a harmonious or responsive relationship: an industry that is not attuned to market demands. 2. to good management of natural resources, supporting cooperation on transboundary pollution issues, helping countries build environmental considerations into economic growth, and integrating environmental considerations across all bank operations. |
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