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Asian Development Bank’s Board Of Governors Meet In Frankfurt

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FRANKFURT, GERMANY – Senior government officials, business leaders, journalists, academics, and representatives from civil society and development organizations started arriving today at the Messe Frankfurt in Frankfurt, Germany for the Asian Development Bank’s (ADB) 49th Annual Meeting of its Board of Governors. Over 3,000 delegates are expected to attend the meeting from 2 to 5 May.

Under the theme “Cooperating for Sustainability”, this year’s meeting—being held in the largest financial center in continental Europe—will highlight the critical importance of sustainable, inclusive development and the need for closer Asian and European linkages to support it. The recent adoption of the Sustainable Development Goals to replace the Millennium Development Goals has highlighted the need for greater sustainability and inclusiveness in global development.

The 2016 Governors’ Seminar, entitled “Structural Reforms: Pathways to Sustained Growth”, will examine the factors causing the current global growth slowdown and the reforms needed to address constraints and put the world back on a path towards sustained and inclusive growth. A joint seminar of ADB and the International Monetary Fund, meanwhile, will look at rising financial links between Asia and Europe, and how the current benefits can be expanded and risks mitigated to ensure any future financial shocks can be effectively absorbed.

Delegates will discuss other topics crucial to the issue of sustainability and inclusiveness such as what is needed to achieve “green” cities, the finance and technology required to both mitigate and adapt to the impacts of climate change, and actions necessary to produce high-quality jobs in developing Asia that can help address the region’s growing levels of inequality.

The meeting will also highlight the essential role the private sector increasingly plays in supporting low-income groups, with an awards ceremony to be held for ADB client companies who have developed innovative products and services that have benefited the poor. Host country, Germany, will showcase its own innovative approaches to sustainable living in a “City of Sustainability” exhibition with examples of creative cooperation used to resolve urban problems and to make cities more green and livable.

Key sessions and the ADB President’s press conferences will be webcast. You can also follow Annual Meeting events through social media channels including Facebook, Twitter, and Instagram using #ADBFrankfurt, and find the latest updates on the Annual Meeting mobile app at www.adb.org/amapp.

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 in December 2016 will mark 50 years of development partnership in the region. It is owned by 67 members—48 from the region. In 2015, ADB assistance totaled $27.2 billion, including cofinancing of $10.7 billion.

{Source: Asian Development Bank – External Relations Office}

[Photo credits-featured image: view from Main Tower, Frankfurt, Germany, looking west towards Frankfurt Central station at night – By photomek – http://www.flickr.com/photos/photomek/3986604568/, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=8337806]

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