(MENAFN- Trend News Agency) TBILISI, Georgia, May 5. Asian Development Bank(ADB) will continue to focus on combating climate change andprivate sector development, ADB President Masatsugu Asakawa said atthe Board of Governors 57th ADB Annual Meeting Business Session inTbilisi, Trend reports.
“This year, ADB will use the Strategy 2030 midterm review, andthe Corporate Results Framework for 2025-2030, to learn andcontinue to evolve our support to clients. ADB will effectively andefficiently use its newly expanded lending capacity to support keypriorities, along with our members most in need.
ADB's new operating model will continue to emphasize climateaction and private sector development. To advance our shifts underthe new operating model, and ensure accountability, we will alsointroduce new ways of working. These include new digital tools,regional work programs, and corporate performance indicators,” thepresident of ADB said.
Asakawa noted that the fourteenth replenishment of the AsianDevelopment Fund is being finalized.
“This will allow us to support the region's poorest and mostvulnerable countries until 2028,” he said.
To note, the theme of the 57th ADB Annual Meeting in Tbilisi,which runs from May 2 through May 5, is "Bridge to the Future".
The annual meeting provides ADB Governors with a platform toaddress developmental issues and challenges confronting theAsia-Pacific region. The event typically attracts several thousandparticipants, including finance ministers, central bank governors,senior government officials, private sector representatives,members of international and civil society organizations, youth,academics, and media personnel.
Stay up-to-date with more news at Trend News Agency'sWhatsApp channel
MENAFN05052024000187011040ID1108174770
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.