Finance Minister holds discussion with ADB to expedite projects in Sri Lanka

ADB's annual board of governors meet Thursday

Attorney-General and Minister for Economy Aiyaz Sayed-Khaiyum, Reserve Bank of Fiji Governor Ariff Ali and Office of the Attorney-General Legal Officer Suliana Taukei during the business session event attended by the Asian Development Bank Governors where they discussed governance matters and ADB operational direction at the ADB Headquarters in Manila, Philippines.

He said, "In the realisation of ADB's vision of poverty free prosperous Asia pacific region, I would like to specifically mention that we had useful discussion on the strategy 2030 early this morning which will continue to engage us till its finalization later this year".

Dominguez said living in today's world means coping with rapid advances in digital technologies, which have both its "upsides and downsides" as these could, for instance, dramatically improve productivity but could also eradicate jobs and introduce greater inequalities. Barrow said the ADB was also helping Pakistan in strengthening the country's power distribution sector to minimise the line losses that what he called were very huge especially in Karachi Electric Supply Company.

He was speaking on the sidelines of ADBs annual board meeting.

"We will focus on the ... many things and challenges that are unique in our kind", the president of the Philippines said.

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India is a founding member of the ADB and is now the fourth largest shareholder and the largest borrower of the ADB sovereign lending since 2010.

Highlighting the need for increased private sector operations by ADB in India, he said that the government had approved ADB's proposal to garner additional resources through INR bonds in the offshore markets, a government statement said.

"ADB's partnership with DFID will help further our ambitious knowledge-driven agenda and ensure that our members have access to the most effective, evidence-based solutions to further their regional integration goals", said Mr. Susantono.

The ADB board of governors from 67 member nations would meet here on May 5 for the bank's 51st annual meeting and deliberate on the theme- "Linking People and Economies for Inclusive Development". These include accelerating progress in gender equality, scaling up support to combat climate change by building climate and disaster resilience and enhancing environmental sustainability, and building livable cities that are competitive, green, resilient, and inclusive. "We will continue to seek views from various stakeholders including civil society organizations", he said.

The ADB President mentioned that many countries, including Bangladesh, were poor when the ADB was established. "We will expand our presence on the ground".

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