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53rd ADB Annual Meeting

  • DivisionDevelopment Finance Bureau - International Financial Institutions Division
  • DateMay 22, 2020
  • Tel0442158720

53rd ADB Annual Meeting

 

Part of 2020 ADB Annual Meeting Held Virtually

 

 

Deputy Prime Minister Hong Nam-ki, the Chair of the Board of Governors of the 53rd Asian Development Bank (ADB) Annual Meeting, presided over the first part of the 53rd ADB Annual Meeting, held virtually on May 22.  At the meeting, ADB President Masatsugu Asakawa talked about the efforts the ADB has made to help developing countries combat the COVID-19 pandemic, including the US$20 billion relief package.

 

DPM Hong appreciated ADB’s leading role in fighting the pandemic and suggested three challenges the ADB should focus on to overcome the current healthcare and economic crises and help return to the economic development path when the pandemic is over.  The three challenges are

 

  1. Promote knowledge-sharing among ADB members to effectively overcome the pandemic
  2. Expand support for low-income countries and households
  3. Work to turn the crisis into an opportunity for innovation

 

The second part of the meeting will be held in September this year in Incheon, Korea.  Most of the main events, including meetings and seminars of governors, and ministerial meetings, will be held in the September meeting.  The Ministry of Economy and Finance will work for the meeting to be a place for in-depth discussion on ways to overcome the COVID-19 crisis in the ASIAN region.

 

Please refer to the attached pdf

 

Ministry of Economy and Finance
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