Thursday, March 1, 2012

...the ADB forum host

4,000 delegates expected to attend ADB meeting in PHL


March 1, 2012
GMA News

Some 4,000 delegates from all over Asia are expected to attend the Asian Development Bank’s 45th annual meeting of the Board of Governors, which will be hosted by the Philippines in the fourth week of May.

At a press briefing in Malacañang, ADB President Haruhiko Kuroda said up to 40 finance ministers may also attend the annual meeting as well as a number of central bank governors from the region.

He said there will be a sizable number of delegates from the private sector, media, non-government organizations, and multilateral partners, as well as ADB member-countries. 

“Overall, I expect the meeting will generate considerable discussion about the state of the global economy and Asia’s growing role. I would like to highlight one important event that will take place and that is a governors’ seminar focusing on the critical issue of how Asia can respond to the global economic crisis,” he said.

Kuroda met with President Benigno Aquino III before the press briefing.

“I am pleased with the significant support being given to us by the government of the Philippines. We very much appreciate the efforts the country had made to provide us with a welcoming and hospitable environment in which we carry out our mission and share the vision of poverty reduction,” he said.

The Philippines is a founding member of the ADB, which is based in the country.

The ADB meeting, with a theme “Inclusive Growth through Better Governance and Partnerships,” will be held at the Philippine International Convention Center.

“This morning, I had the opportunity to tour the venue and I’m very pleased with the progress made so far in preparation for the meeting,” Kuroda said.

He also expressed support to the Philippines’ ongoing effort to improve the lives of the people saying ADB’s country partnership strategy for the country is realigned with the government’s development plan for 2011 to 2016.

“While there are many large challenges facing the country, we also believe that with sound policies, the government is charting a course towards creating hope and economic opportunities for more and more Filipinos,” he said.

 Philippine government officials, on the other hand, vowed to show the delegates that “it’s more fun to have an ADB meeting in the Philippines.”

In the same press conference, Finance Secretary Cesar Purisima thanked the support of the private sector with the hosting responsibilities.

“The Philippines is fortunate to have a very supportive private sector partners including the Management Association of the Philippines led by its president Ed Francisco and, of course, the dean of Philippine business, Mr. Washington Sycip, who will be helping the organizing committee composed of myself, Secretary [Ramon] Jimenez, and Governor [Amado] Tetangco of the Central Bank with the hosting responsibilities for the delegates for this event,” he said.

“It’s been over, what, 10 years since we last hosted the annual meeting and we take pride in being selected for this very special year—the 45th anniversary of the ADB,” he added.  – Amita O. Legaspi/KBK, GMA News

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