(MENAFN- Trend News Agency) TBILISI, Georgia, May 4. ADB financing shouldcontinue to include resources on concessional terms, includinggrants, ADB President Masatsugu Asakawa said during the openingceremony of the ADB Board of Governors meeting held in Tbilisi onMay 4, Trend reports.
“Let me emphasize that our bridge to the future cannot leavebehind those who need it most. The poorest and most vulnerablepopulations, including those in small island developing states,face the heaviest burden of climate change, economic shocks, andconflict. Our financing must continue to include concessionalresources, including grants. The Asian Development Fund has been acrucial vehicle for this. And with a replenishment completed onThursday, we will be able to deliver up to $5 billion to meet theseneeds.,” he said.
''I am thankful to our donors for this support. It makes adifference. I know this because I have met people across the regionwho face better prospects because of our investments in theirfuture,'' he said.
“It makes a difference. I know this because I have met peopleacross the region who have better prospects because of ourinvestment in their future. My friends, last, let me stress thatour bridge to the future cannot leave behind those with thegreatest need,” he added.
The opening session of the Asian Development Bank (ADB) Board ofGovernors has kicked off in Tbilisi. The Opening Session marks theofficial start of the Annual Meeting. It is a high-profile eventattended by the Guest of Honor from the host country.
The theme for the 57th Annual Meeting to be held from May 2through May 5 is“Bridge to the Future.”
The Annual Meeting is an opportunity for ADB governors toconsider development issues and challenges facing Asia and thePacific. Several thousand participants, including financeministers, central bank governors, senior government officials,members of the private sector, representatives of internationalorganizations and civil society organizations, youth, academia, andthe media, regularly join the meeting.
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