ADB to hold second stage of 2020 Annual Meeting as virtual event
3 weeks ago Web Desk 0
According to press release issued by ADB on July 13, the event will include a formal business session and selected knowledge events.
“As the coronavirus disease (COVID-19) pandemic continues to evolve, with travel restrictions impacting many ADB members and continued health risks, ADB and the Government of the Republic of Korea has agreed not to proceed with a physical meeting in Incheon,” said ADB Secretary Eugenue Zhukov.
The Republic of Korea has offered to host ADB’s 56th Annual Meeting in Incheon in May 2023. ADB’s Board of Governors will consider this proposal when it convenes virtually on 18 September.
The first stage of the 53rd Annual Meeting comprised a reduced-scale meeting of the Board of Governors on May 22 at which Governors approved ADB’s financial statements and net income allocation in line with ADB institutional requirements.
ADB is actively supporting its members as they address the effects of COVID-19 through its $20 billion comprehensive response package announced on 13 April. Visit ADB’s website to learn more about our ongoing response.
Established in 1966, the Asian Development Bank is owned by 68 members—49 from the region. ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.
Source: Asia Plus