India to attend ADB's II World Anti-Crisis Conference in Kazakh capital Astana

India will attend the first plenary session of the II World Anti-Crisis Conference at the Annual Meeting of the Board of Governors of Asian Development Bank" at the Palace of Independence in Kazakh capital Astana from Friday (May 2).

Finance Minister P. Chidambaram will represent India at the event, which is expected to train its focus on ways to introduce structural reforms to prevent global stagnation, as also to assess how developing countries like India can substantially enhance their roles in facilitating sustainable and balanced growth of the global economy.

Among the other key dignitaries attending the plenary session are Kazakhstan's Deputy Prime Minister Bakhyt Sultanov, Indonesia's Finance Minister Muhammad Khatib Basri, Deputy Secretary General of the United Nations and Executive Secretary of the Economic and Social Commission for Asia and the Pacific (ESCAP),Shamshad Akhtar, Director General of the United Nations Industrial Development Organization (UNIDO), Li Yong, Vice President of the Asian Development Bank,Bindu Lohani,Executive Director of the Committee on Reinventing Bretton Woods, Marc Uzan, besides many more.

In 2008, the international community developed an understanding that developing countries can rebuild the balance of forces in the economic map of the world. Although it was expected that this process would take two decades, it was completed in the last five years.

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