Asian Development Bank to hold annual meeting in Hanoi this week

TN News

Email Print

Nearly 4,000 delegates are set to attend the Asian Development Bank's (ADB) 44th annual meeting, held for the first time in Hanoi this week.

The meeting of ADB's Board of Governors will start on May 3 and run through May 6.

High-level officials from Asia and the Pacific will join other delegates to discuss rising concerns over food, energy prices and climate change. They will also talk about strategies for ADB to work with the public and private sectors to reduce poverty and ensure long-term economic growth in the region, the Manila-based bank said in a statement.

ADB will cooperate with the G20, the International Monetary Fund and the Japanese Ministry of Finance to hold a key discussion about the reform of the international monetary system.

The bank is also expected to present initial findings of its upcoming report, Asia 2050 Realizing the Asian Century, which looks at challenges ahead and what the region must do to secure a prosperous future 40 years from now, the statement said.

ADB is owned by 67 members, including 48 from the region. The annual meetings are occasions at which the bank's Board of Governors its highest policy-making body can provide guidance on administrative, financial and operational priorities, according to the statement.

Vietnam was a founding member of the ADB in 1966.

More Politics News