TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

ADB meets to set course for region’s development

Senior government officials, business leaders, academics and representatives from civil society and development organizations will gather on Monday in Frankfurt, Germany for the 49th annual meeting of the Asian Development Bank’s (ADB) board of governors

Rendi A. Witular (The Jakarta Post)
Frankfurt
Mon, May 2, 2016 Published on May. 2, 2016 Published on 2016-05-02T07:14:12+07:00

Change text size

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!

S

enior government officials, business leaders, academics and representatives from civil society and development organizations will gather on Monday in Frankfurt, Germany for the 49th annual meeting of the Asian Development Bank’s (ADB) board of governors.

The meeting is attracting more than 3,000 participants and offers a platform for major decision makers, such as finance and development ministers, central bank governors and private sector and civil society partners, to discuss challenges and explore solutions facing the Asia-Pacific region.

It is also to be a premier forum for the discussion of economic and social development issues in the region.

Finance Minister Bambang Brodjonegoro is slated to represent Indonesia and will talk in several key seminars during the event, which will run from Monday until Thursday.

Under the theme “Cooperating for Sustainability”, the meeting will highlight the critical importance of sustainable and inclusive development and the need for closer Asian and European linkages to support it.

The recent adoption of the UN’s Sustainable Development Goals to replace the Millennium Development Goals has highlighted the need for greater sustainability and inclusiveness in global development.

The 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 toward sustained and inclusive growth.

A joint seminar of the ADB and the International Monetary Fund, meanwhile, will look at expanding financial links between Asia and Europe and at how the current benefits can be widened and risks mitigated to ensure any future financial shocks can be effectively absorbed.

The 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 US$27.2 billion, including co-financing of $10.7 billion.

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.

Share options

Quickly share this news with your network—keep everyone informed with just a single click!

Change text size options

Customize your reading experience by adjusting the text size to small, medium, or large—find what’s most comfortable for you.

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!

Continue in the app

Get the best experience—faster access, exclusive features, and a seamless way to stay updated.