The Asian Development Bank will be holding the 49th edition of its annual meeting in Frankfurt, Germany on May 2-5 — an event that will also kick off the institution's 50th anniversary celebrations in providing development financing and solutions to the Asia-Pacific region.
The Manila-based institution has been the only multilateral development institution addressing the development needs of the region until the establishment of new institutions including the Asian Infrastructure Investment Bank and the New Development Bank over the past couple of years.
But with its rich history and experience in tackling development and humanitarian issues for the past half-century, ADB is poised to remain a major development player in the world’s most populous region. One way to look at the bank’s history and experience is through its annual meetings over the years and the themes it focused on. Bank sources confirm, however, that earlier annual meetings did not have specific themes, unlike those in recent years.
The annual meetings have become an integral part of ADB’s operations and evolution throughout the years serving as a place for discussion, decisions, and directions. For example, it was in the event in Astana, Kazakhstan, two years ago that incumbent President Takehiko Nakao announced his plan to merge the institution’s two major financial instruments to enable ADB to lend more and do more for the region’s development.
Let’s look at the past annual meetings of the Manila-based institution and how it grew and became an integral part of the Asia-Pacific region’s development in this Devex slideshow.
Lean Alfred Santos is a Devex development reporter focusing on the development community in Asia-Pacific, including major players such as the Asian Development Bank and the Asian Infrastructure Investment Bank. Prior to joining Devex, he covered Philippine and international business and economic news, sports and politics. Lean is based in Manila.
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