ADB Board of Governors Meeting begins in Yokohama on May 4 | Daily News


ADB Board of Governors Meeting begins in Yokohama on May 4

ADB President  Takehiko Nakao
ADB President Takehiko Nakao

How Public-private partnerships could be used as a way to meet Asia’s large infrastructure needs, will take center stage in the Asian Development Bank’s (ADB) Board of Governors Meeting held from May 4 to 7 at the Pacifico Yokohama, Japan.

Over 3,500 finance and development ministers, central bank governors, and other government officials, private sector leaders, development partners, civil society representatives, members of the academe, and journalists is scheduled to participate in the 50th Annual Meeting of ADB Board of Governors in Japan,

The theme of the 2017 Annual Meeting is “Building Together the Prosperity of Asia.” The meeting will focus at the current development challenges and opportunities in Asia and the Pacific, while exploring how ADB and its development partners could work together in achieving a more inclusive and sustainable growth for the region.

The flagship Governors’ Seminar on May 5 will discuss reforms in trade, investment and finance, as well as lessons learned from the past 50 years of development in the region. A special book launch, as part of ADB’s 50th anniversary celebrations, will be held on the opening day of the Annual Meeting to discuss and share ADB’s role and future direction.

The session on public-private partnerships will focus on ways to meet Asia’s large infrastructure needs, estimated at $1.7 trillion per year until 2030.

A joint seminar with the International Monetary Fund will discuss ways on how countries in the region can transcend the middle-income challenges, and how multilateral institutions can effectively and efficiently address them. ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, ADB is celebrating 50 years of development partnership in the region. It is owned by 67 members 48 from the region.

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