Delegates arrive in Vietnam capital for ADB’s 44th annual meeting
May 2nd, 2011 - 1:06 pm ICT by ANIHanoi (Vietnam), May 2 (ANI): Delegates began arriving at Hanoi’s National Convention Center today to register for the Asian Development Bank’s (ADB) 44th Annual Meeting of its Board of Governors.
The meeting, which formally starts on May 3 and runs through May 6, marks the first time ADB is holding its annual gathering in Vietnam. Nearly 4,000 delegates - comprising top policymakers, business leaders, media, academics, and civil society and development institution representatives - are set to attend the meeting.
High level officials from Asia and the Pacific will join other delegates to discuss means of addressing rising concerns over food and energy prices, climate change, and the best strategies for ADB to work with the public and private sectors to reduce poverty and ensure long-term economic growth in Asia and the Pacific.
At this year’s meeting, ADB will present initial findings of its upcoming report, Asia 2050 - Realizing the Asian Century, which looks at the demographic, social, environmental, and economic challenges ahead and what the region must do to secure a prosperous future 40 years from now.
ADB is also holding, with the G20, the International Monetary Fund (IMF), and the Japanese Ministry of Finance, a key discussion about the reform of the international monetary system given Asia’s increasing economic and financial clout.
The Board of Governors is ADB’s highest policy-making body and the annual meetings are statutory occasions at which Governors can provide guidance on ADB’s administrative, financial, and operational priorities.
Viet Nam was a founding member of the ADB in 1966. Since then, ADB has provided Viet Nam with 114 sovereign loans totaling 9.09 billion dollars, one sovereign guarantee of 325 million dollars, 255 technical assistance grant projects amounting to 199.5 million dollars, and 26 other grants totalling 150.1 million dollars.
The ADB has also approved eight nonsovereign loans, two political risk guarantees, and one B-loan totalling 280 million dollars. Vietnam is involved in a number of regional technical assistance and investment projects for the Greater Mekong Subregion. (ANI)
- ADB assistance increased by 42 percent in 2009: Report - Apr 22, 2010
- $826 million ADB loan to India for power transmission - Mar 30, 2012
- ADB lends 250 million dollars to help build Bangalore metro rail system - Apr 01, 2011
- Mukherjee to attend ADB's annual meet in Hanoi - May 02, 2011
- Asian economies more resilient during global crisis than expected: ADB - Aug 19, 2010
- ADB to provide 7.4 billion dollar assistance to India for 2011-2013 - Jan 31, 2011
- Vietnam to host 44th ADB annual meeting - Apr 13, 2011
- ADB signs JV to develop renewable energy in India - Nov 24, 2010
- ADB Extends 315 million dollar for highway overhaul in Karnataka - Nov 29, 2010
- ADB aid to developing countries tops $21.7 bn in 2011 - Apr 26, 2012
- ADB approves 650-mn-dollar loan to help Pakistan rebuild flood-hit infrastructure - Mar 31, 2011
- ADB provides 300 million dollars to Bihar to improve roads, boost growth - Sep 16, 2010
- 'Vietnam a huge business opportunity for India' - Oct 13, 2011
- 132 million dollar ADB power project to benefit millions in Bihar - Oct 20, 2010
- ADB to give 150 million dollars as credit to scale up India's solar power sector - Apr 19, 2011
Tags: 1 million dollars, adb, asian century, asian development bank, board of governors, development institution, economic challenges, hanoi vietnam, initial findings, institution representatives, international monetary fund, international monetary fund imf, international monetary system, japanese ministry, level officials, ministry of finance, operational priorities, public and private sectors, viet nam, vietnam capital