(MENAFN- Trend News Agency) TBILISI, Georgia, May 4. Cooperation with ADBhas ensured great progress in overcoming challenges in membercountries, Georgian Finance Minister and Chairman of the ADB Boardof Governors, Lasha Khutsishvilii, said during the opening ceremonyof the ADB Board of Governors meeting held in Tbilisi on May 4,Trend reports.
"This meeting frames the spirit of the global path to be takenby the governments and multilateral development banks (MDBs) toaddress the unprecedented challenges of the modern world related togeopolitics, climate change, equality and other sustainabledevelopment goals, as well as Georgia's aspiration to positionitself as a meeting point to Europe and Asia. We are hosting thisevent cherishing and valuing highly our role in the MiddleCorridor," he said.
The minister pointed out that the cooperation with ADB and itssupport has made significant change in the countries ofcooperation.
"But the challenges remain and are among the most complex anddiverse ones, and the bank's role is even more important to helpthe countries of cooperation to address them. The ADB is a reliablepartner for Georgia and each and every one of you. Since joiningthe bank in 2007, Georgia has made significant progress. We havejust joined the ADF in an effort to repay back with gratefulnessfor the support that we received in our early days of cooperation,"Khutsishvilii said.
"Our policy priorities in this challenging environment continueto be ensuring market stability and to mitigate negative impacts oflow-term sustainability. While being prudent and committed tofiscal consolidation, we are oriented to increase the capitalinvestment for the low potential, introduce structural reforms andensure a trans-regional connectivity," he concluded.
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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