ADB 2012 meeting wrapup: Asia, Latin America strengthen bond

Asian Development Bank President Haruhiko Kuroda during the closing press conference of the 45th annual ADB meeting. Photo by: ADB / CC BY-SA

In a first, the president of the Inter-American Development Bank participated in an Asian Development Bank annual meeting, which this year was held May 2-5 in Manila, Philippines.

Luis Alberto Moreno was among the record 5,000 delegates who attended ADB’s 45th annual meeting. Moreno was in town to discuss with ADB President Haruhiko Kuroda ways to strengthen trade and investment between Asia, Latin America and the Caribbean.

Moreno’s visit built on Kuroda’s visit at IDB’s annual meeting in Montevideo, Uruguay, this March. It is the first time the heads of the two multilateral development banks attended each other’s annual gatherings.

The bank chiefs formally launched a jointly produced book titled “Shaping the Future of the Asia-Latin America and the Caribbean Relationship,” which explores opportunities to research and build capacity in areas such as disaster risk reduction, urbanization and infrastructure development.

Among the many world leaders attending the ADB gathering was Akihiko Tanaka, the new head of the Japanese International Cooperation Agency, who highlighted Japan’s vision for inclusive development through peacebuilding and private sector engagement on his first international trip since taking office a month ago.

Partnerships like the one with IDB were front and center at the annual event this year, which focused also on food security and ways to reduce the widening gap between the region’s rich and poor. Governance, regional integration and financial issues were also on the agenda.

The next ADB annual meeting will be held May 2-5, 2013, in New Delhi, India.

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    Ivy Mungcal

    As senior staff writer, Ivy Mungcal contributes to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.