ADB annual meet to focus on synergy with sustainability

The annual meeting of the Asian Development Bank (ADB) next month will focus on sustainable development and closer ties between Asian and European nations.
The meeting between May 2-5 is likely to be attended by various ministers of ADB member nations, including Finance Minister Arun Jaitley.
"The theme of the 2016 Annual Meeting is 'cooperating for sustainability' and the focus will be on closer Asian and European linkages to support sustainable development," ADB said in a statement.
The flagship Governors' Seminar will examine the factors responsible for the current global growth slowdown and the structural reforms needed to address constraints and put the world back on a path towards sustained growth, it said.

The statement further said a joint seminar with the International Monetary Fund (IMF) will look at growing financial links between Asia and Europe and how the current benefits can be expanded and risks mitigated.
"The ADB Annual Meeting is a sustainable event, and for the first time in Frankfurt 2016, it will be carbon neutral. ADB partners with the host country to assess and improve the environmental, social and economic aspects of the event," it said.
Over 3,000 participants including finance and development ministers, central bank governors, and other government officials, business leaders, investors, and representatives from the civil society will gather in Frankfurt, Germany, for the 49th Annual Meeting of the ADB's Board of Governors.

ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, it is owned by 67 members -- 48 from the region.