In an address at the Opening Session of 56th Annual Meeting of the ADB Board of Governors, ADB President Masatsugu Asakawa laid out his vision for ADB’s future. He argued for the need to recognize that development is no longer possible without effective climate action, and that institutions like ADB are expected to lead in investing in global public goods. ADB, he concluded, must become a key player in the effort to mobilize the levels of financing now required for development — from billions to trillions.

The event was held as part of the 56th Annual Meeting of the ADB Board of Governors.

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