Manila, Philippines – The 45th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB), a gathering of global leaders from 67 ADB member-countries, including Finance Ministers and Central Bank heads of the 10-member Association of Southeast Asian Nations (ASEAN) (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam) and ASEAN+3 (China, South Korea, and Japan), is taking place May 2-5, 2012, at the Philippine International Convention Center. Over 4,000 business leaders, policymakers and development experts from all over the world, as well as representatives of 71 financial institutions such as the International Monetary Fund, World Bank, European Commission, and United Nations, civil society organizations, and international corporations are expected to attend the conference. The Philippines last hosted the 36th ADB Annual Meeting nine years ago on June 30, 2003.
The ADB Board of Governors is composed of member-states’ Finance and Central Bank chiefs. Each member chooses two representatives to the Board – one serving as Governor and another as his alternate. Finance Secretary Cesar V. Purisima is Philippine Representative to the ADB Board of Governors, and has been elected Chairman of the 45th Annual Meeting, called Manila 2012. Bangko ng Pilipinas Governor Amando M. Tetangco Jr. serves as Alternate Governor.
The theme of Manila 2012 is “Inclusive Growth Through Better Governance and Partnerships.” A wide range of issues will be discussed: Impact of global financial on Asia, new opportunities for growth, the role of key ASEAN emerging economies, regional trade and
financial integration, private sector participation in infrastructure, urban management, water challenges in Asian cities, the region’s banking industry, regional currency pact, and food security.
The Philippines is a founding member of the Manila-based ADB, a regional development bank dedicated to reducing poverty in the Asia-Paciﬁc through inclusive economic and environmentally sustainable growth and regional integration. ADB gives special attention to the needs of smaller or less-developed countries. Established on August 22, 1966, it has grown from 31 to 67 members, of which 48 are from within AsiaPaciﬁc. Its current President is Hon. Haruhiko Kuroda.
We greet the Officials of the Asian Development Bank, headed by its President Haruhiko Kuroda, the Board of Governors, Delegates and Participants to the 45th Annual Meeting of the Board of Governors of the Asian Development Bank. We wish them all the best, success and an enjoyable stay in our country. MABUHAY!
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