ID :
179389
Mon, 05/02/2011 - 16:22
Auther :

FINANCE MINISTER TO ATTEND ADB'S MEETING

Ulaanbaatar, Mongolia /MONTSAME/ The representatives, led by a Finance Minister S.Bayartsogt, have left for Hanoi,
Viet Nam, to take part in the Asian Development Bank's /ADB/ 44th Annual Meeting of its Boras of Governors which is to run formally May 3-6.
ADB is an international organization, which runs to speed up socio-economic development of developing countries at Asia Pacific Ocean area. The gathering marks the first time ADB is holding its annual gathering in Viet Nam.
Nearly 4,000 delegates--comprising top policymakers, business leaders, media, academics, and civil society and development institution representatives--are set to attend the meeting.
High level officials from Asia and the Pacific will join other delegates to discuss means of addressing rising concerns over food and energy prices, climate change, and the best strategies for ADB to work with the public and private sectors to reduce poverty and ensure long-term economic growth in Asia and the Pacific.
ADB will present initial findings of its upcoming report, Asia 2050 - Realizing the Asian Century, which looks at the demographic, social, environmental, and economic challenges ahead and what the region must do to secure a prosperous future 40 years from now.
ADB is also holding, with the G20, the International Monetary Fund (IMF), and the Japanese Ministry of Finance, a key discussion about the reform of the international monetary system given Asia's increasing economic and financial clout.
The Board of Governors is ADB's highest policy-making body and the annual meetings are statutory occasions at which Governors can provide guidance on ADB's administrative, financial, and operational priorities.
Mongolia became a member of ADB in 1991.
B.Oyundelger



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