2012, May 2. Asian Development Bank (ADB) - 45th Annual
Meeting of Board of Governors
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First Day Covers: Manila and Pasay
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ASIAN DEVELOPMENT BANK (ADB) - 45TH
ANNUAL MEETING OF BOARD OF GOVERNORS
The Philippine Government led by the Department of Finance,
officially partnered with the Management Association of the
Philippines (MAP), to be the host country of a prestigious occasion,
the 45th Annual Meeting of Asian Development Bank (ADB) Board of
Governors. It will be held on May 2 to 5 of this year at the
Philippine International Convention Center (PICC).
In 1966, ADB was established as a major source of development
financing for the Asia and Pacific region. It is a multilateral
development finance institution that is involved in mostly public
sector lending for development purposes. It aims to focus on
delivering projects that produce economic and development impact.
Their headquarters is based in Manila, Philippines. They have 67
shareholding members of the United Nations and offices in 26
countries across Asia and Pacific region as well as representative
offices in Washington DC, Frankfurt, Tokyo and Sydney.
ADB Annual meetings are statutory events for Governors of ADB
members to deliver proper guidance on its administrative, financial
and operational directions. It is held in a member country in late
April or early May. The participants are the finance and economic
planning ministers, senior government officials, representatives of
the multilateral development bank community, investment bankers,
representative of nongovernment organizations (NGOs) and members of
the media news.
The Manila 2012 will focus on Asia’s response to the global economic
crisis. The panel discussion will cover the new models from the
green growth in the region, how to protect vulnerable cities, how to
deliver financial services to the world’s poor and how to feed the
world in a generation of growing demand for food and fuel. ADB will
also discuss possible reforms to make loans more accessible to
member nations.
Almost a decade ago, Philippines hosted one of the annual meetings
and now, it takes pride in hosting this high-level gathering again.
It is a big break for the country, an opportunity to exhibit the
best of Filipino culture and tradition, and to show the changes it
has implemented for a better economy and the progress it has
achieved.
Today, ADB and the Government continue to promote good governance,
which is essential in making an Asia and Pacific free from poverty.
“Inclusive Growth through Better Governance and Partnership”.