ASTANA, KAZAKHSTAN – Delegates started arriving today at the Palace of Independence in Astana, Kazakhstan to register for the Asian Development Bank’s (ADB) 47th Annual Meeting of its Board of Governors. The meeting begins 2 May and runs through 5 May.
More than 3,000 delegates, including top policymakers, business leaders, media, academics, civil society, and development institution representatives are set to attend the meeting.
The Government of Kazakhstan is hosting ADB’s Annual Meeting for the first time and the theme of the gathering is “The Silk Road: Connecting Asia with a Changing World.”
During the meeting, ADB President Takehiko Nakao will discuss the midterm review of the Bank’s long-term strategy, Strategy 2020. The midterm review will sharpen and realign ADB’s operational focus in light of the emerging challenges in a transforming region, including ongoing poverty and rising inequality, environmental pressures, and the needs of middle-income countries.
Delegates will also discuss a range of topics including improving connectivity, trade, and innovation in the region, the future for the Millennium Development Goals, and how to foster closer links with the private sector.
This year’s Governors’ Seminar, Reducing Vulnerability: Learning from Past Crises, will look at the lessons from past economic downturns and ways the region can better protect itself against future crises, particularly as closer regional and global economic links mean problems can be quickly transmitted from one country to another.
Participants at the Governors’ Seminar include Mr. Nakao; Muhamad Chatib Basri, Indonesia’s Minister of Finance; Erbolat Dossaev, Minister of Economy and Budget Planning in Kazakhstan; and Arvind Mayaram, India’s Finance Secretary.
Featured panelists at other seminars represent the International Monetary Fund, the Japan International Cooperation Agency, the Organization for Economic Cooperation and Development, and the United Nations Economic and Social Commission for Asia and the Pacific.
A CNBC debate on Asia’s economic outlook with high-level discussants will take place on 2 May.
Representatives of ASEAN+3, or the Association of Southeast Asian Nations, the People’s Republic of China, Japan and Republic of Korea, will also hold discussions during ADB’s Annual Meeting.