The U.S. Treasury recognized development projects and initiatives undertaken by multilateral development banks at an honors ceremony held on Thursday.
Honorees recognized at the ceremony included the African Development Bank’s Cote D’Ivoire Project; the Uganda Community Agricultural Infrastructure program by the International Fund for Agricultural Development and the African Development Bank; the Asian Development Bank’s Bhutan Green Power Project; the Inter-American Development Bank’s Mexico Training and Employment program; and the World Bank Group’s Post-Earthquake Assessment Project for Haiti.
The awards ceremony brought together the presidents and senior leadership of the MDBs, lawmakers, leaders from business and development communities and senior administration officials.
Projects were judged in a number of categories, including their effectiveness, focus and quality of the work and success in overcoming development obstacles. Many of the projects are geared towards empowering vulnerable groups like women and children.
“The projects we are honoring…are new high impact approaches to international development, and they reinforce our values – whether it is developing clean energy sources, advancing women’s economic equality, promoting food security or helping the most vulnerable populations,” Treasury Secretary Jack Lew said. “These kinds of successful investments help to create the next generation of emerging markets and strengthen our national security.”