Bad! The world could be thrown into chaos by this terrible threat

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ADB Annual Meeting

MAIKEL JEFRIANDO, CNBC Indonesia

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Saturday, 04/05/2024 18:37 IWST

Foto: Presiden Asian Development Bank (ADB), Masatsugu Asakawa. (Dok ADB)

Tbilisi, CNBC Indonesia – A series of problems now threaten people in the world. Starting from climate change, the risk of conflict to crises that can come in a short time and have a big impact.

This was stated by the President of the Asian Development Bank (ADB) Masatsugu Asakawa at the 57th Annual Meeting of the Asian Development Bank (ADB) at the Concert Hall, Tbilisi, Georgia, Saturday (4/5/2024)

“We face challenges that require close attention and coordination. The impacts of climate change are unrelenting, and the risk of conflict and crisis can quickly weaken livelihoods and even human survival,” he explained.

According to Asakawa, the threat is big First, i.e. climate change cannot be ignored. In various regions, this has been felt in human life. Data shows that 2023 is the hottest year ever recorded. As a result, food crops and food systems are increasingly vulnerable.

Then, melting glaciers caused major damage downstream and workers, from fields to factories, especially women, suffered greatly from heat stress.

“This threat cannot be ignored, and our response cannot be delayed,” Asakawa said.

Second, Asakawa sees the next problem as regarding artificial intelligence. According to him, this must be used correctly, fairly and carefully.

Developed countries have come a long way in this sector, but many developing and poor countries have not yet started or are still in the early stages. Although it is recognized, artificial intelligence can drive growth and help overcome development challenges in the fields of health, agriculture and climate change.

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“However, developing countries will be left behind if they are not able to adopt this technology. There are also risks from AI, such as bias and lack of transparency,” he said.

“ADB is working hard to strengthen the capacity of its developing member countries to implement responsible AI solutions that follow ethical frameworks and promote inclusive growth. We believe that bridging the digital divide and unlocking opportunities from AI is the key to a more prosperous future,” said Asakawa.

On point third, Asakawa highlighted the issue of globalization. The whole world is now increasingly connected and has the potential to create better conditions in the future.

“It might be easy to look back at this pandemic, or the current geopolitical tensions and conflicts, and conclude that globalization is dead. I don’t believe that,” Asakawa stressed.

According to him, global trade and supply chains are vulnerable to shocks. However, when, for example, there is a conflict, it cannot be responded to with policies of protectionism and segmentation. ADB invites all countries to deepen cooperation again.

Asakawa presented the problem fourth is to save poor countries. Many countries are now having to deal with the enormous burden of climate change, economic shocks and conflict.

“Our financing must continue to include resources on concessional terms, including grants. The Asian Development Fund has been an important vehicle for achieving this. And with the completion of the replenishment on Thursday, we will be able to deliver up to US$5 billion to meet this need,” said Asakawa.

Watch the video below:

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