India, ADB mark 25 years of partnership
October 11th, 2011 - 5:09 pm ICT by IANS
New Delhi, Oct 11 (IANS) India and the Asian Development Bank (ADB) will next week mark 25 years of partnership and discuss ways to keep up the momentum of economic growth in the region in view of slowdown in advanced countries.
Finance Minister Pranab Mukherjee, ADB President Haruhiko Kuroda, finance ministers of the Philippines and Malaysia, senior government officials and eminent economists are likely to attend the event to be held here Oct 17, an official statement said Tuesday.
“This event is an effort to bring to New Delhi some of the best minds in Asia and to discuss the future of Asia,” said Venu Rajamony, Joint Secretary, Department of Economic Affairs.
Rajamony, who oversees the work of ADB and other multilateral development agencies in India, said at the event officials would discuss ways of further strengthening cooperation to ensure high economic growth in the region.
“Having successfully ignited growth, Asia faces challenges in sustaining growth and ensuring that it is inclusive. Unless Asia works out solutions to these challenges, and embeds them in larger regional and global contexts, the Asian Century may prove to be elusive,” he said.
Manila-headquartered Asian Development Bank started lending operations in India in 1986. Since then it has advanced loans worth $24 billion for over 150 projects spread across the country.
ADB was established in 1966. It is owned by 67 member countries, 48 of them from Asia-Pacific region.
- ADB urges Asian countries to undertake more reforms - May 04, 2012
- ADB aid to developing countries tops $21.7 bn in 2011 - Apr 26, 2012
- ADB offers support for quake-hit Japan victims - Mar 14, 2011
- ADB warns fast-growing Asian economies of middle income trap - May 04, 2011
- Asian economies more resilient during global crisis than expected: ADB - Aug 19, 2010
- India assumes ADB board of governors' chair - May 05, 2012
- ADB chief arrives in Dhaka to review socio-economic programmes - Jul 22, 2009
- ADB assistance increased by 42 percent in 2009: Report - Apr 22, 2010
- Delegates arrive in Vietnam capital for ADB's 44th annual meeting - May 02, 2011
- Asia urged to plan stimulus exit to sustain growth - Jan 14, 2010
- Asia represents world's best hope for achieving MDGs: ADB president tells UN - Sep 23, 2010
- ADB President calls on Mukherjee, both agree for strengthening cooperation - Feb 03, 2011
- ADB, FAO, AND IFAD PARTNER to address food security concerns in Asia, Pacific region - Sep 24, 2010
- Farooq Abdullah calls for push to renewable energy projects - Jun 23, 2010
- `Rising risk of Eurozone-US recession threaten Asian economies' - Dec 06, 2011
Tags: adb, asia pacific region, asia works, asian century, asian development bank, cooperation, economic affairs, economic growth, eminent economists, finance minister, global contexts, government officials, member countries, momentum, multilateral development, New Delhi, oct 11, pranab mukherjee, secretary department, slowdown