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ADB’s 50th annual meeting opens

Update: May, 04/2017 - 17:52
Photo Courtesy of ADB
Viet Nam News
YOKOHAMA — As many as 5,000 delegates participated in the 50th Annual Meeting of Asian Development Bank (ADB) on Thursday morning. 
The delegates are senior government officials, business executives, academics and representatives from development organisations from the Asia-Pacific region.
This year’s meeting, themed “Building Together the Prosperity of Asia,” will focus on the region’s growing need for infrastructure as a critical sector towards achieving sustainable and inclusive development. 
Discussions on how to address urban issues, strive for clean and climate-resilient solutions and transcend middle-income challenges will also be held.
Lessons learned from the Asia financial crisis, implications of policies that countries can adopt and issues central to development, including rising inequality, macroeconomic stability, progress on Sustainable Development Goals and financial inclusion, are also on top of the agenda. 
How to promote the role of the private sector in supporting development programmes in Asia-Pacific will also be highlighted through public-private partnerships and co-financing.
A book titled “Banking on the Future of Asia and the Pacific: 50 years of the Asian Development Bank” was also launched on Thursday, as part of ADB’s 50th anniversary celebrations.
ADB is owned by 67 members, 48 of which are from the region.
The bank, based in Manila, is dedicated to reducing poverty in Asia-Pacific through inclusive economic growth, environmentally sustainable growth and regional integration. In 2016, ADB’s assistance totalled US$31.7 billion, including $14 billion in co-financing. — VNS

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