ADB President Kuroda To Address Asean Finance Ministers In Cambodia

MANILA, March 29 (Bernama) -- Asian Development Bank (ADB) President Haruhiko Kuroda will travel to Phnom Penh to address the 16th gathering of the Association of Southeast Asian Nations (ASEAN) Finance Ministers Meeting on Friday. Kuroda will brief the ministers on current ASEAN and global economic issues, the Manila-based ADB said in a statement here. During his visit, Kuroda will also meet with the Cambodian Prime Minister Hun Sen as well as finance ministers from the region. ADB’s support for the forum is wide ranging and includes assistance for the establishment of the Asian Bond Market Initiative, a credit guarantee and investment facility and many other measures designed to bolster economies and promote financial stability in the region. ADB is also supporting the establishment of the ASEAN Infrastructure Fund (AIF) as a shareholder, cofinancier and administrator. The meeting will review progress towards the AIF as a way of promoting connectivity to accelerate accomplishment of the ASEAN Economic Community. -- BERNAMA