Baku, Fineko/abc.az. Asian Development Bank (ADB) president Haruhiko Kuroda said the evolving global economic crisis and its impacts on the region will provide the backdrop for furthering dialogue and deciding on firm actions when ADB’s 67 member countries gather in Indonesia in May for the ADB’s 42nd Annual Meeting to be held in Bali from 2-5 May.

He said that ADB is committed to providing support to its developing member countries to cushion the social impacts of the economic crisis and continue investing in infrastructure, social sectors and other key areas. Therefore, it was critical for ADB to have adequate resources to assist developing Asian countries with these development challenges.

"In this context our forthcoming Annual Meeting is of exceptional importance as we are hoping to have concluded negotiations on a general capital increase for ADB. I am pleased that Indonesia is supporting this effort," Mr. Kuroda said.

Today Mr. Kuroda is visiting Bali, venue for ADB’s 42nd Annual Meeting. Around 3,000 delegates including government leaders, central bank governors and finance ministers as well as representatives from academia, the media and civil society groups are expected to attend the ADB’s 42nd Annual Meeting that will be held at the Bali International Convention Center.

17.02.2009 10:16