MANILA -The 51th Asian Development Bank (ADB) Annual Meeting kickoffs today in the city of Manila, Philippines, host to the bank’s headquarters, and will be attended by a delegation of top-level Cambodian officials.
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Launched under the slogan ‘Linking people and economies for inclusive development’, the event seeks to promote discussion on the role of the bank and how it can help meet the region’s biggest challenges, including the effect new technologies and globalisation are having on job creation in the region.
The latest draft of the bank’s long-term strategy, dubbed ‘Strategy 2030’, will also be discussed, with ADB hoping to finalise the document this year.
The event, which runs from May 3-6, will be attended by an expected 3,000 people, including high-ranking officials from around the region, governors of the different central banks and prominent business leaders, as well as civil society organisations and media representatives.
“The meeting will look at global and regional issues affecting development in Asia and the Pacific, while exploring how ADB and its development partners can work together toward a prosperous, inclusive, resilient, and sustainable region by 2030,” the official press release for the event read.
Vong Seyvisoth, Secretary of State at the Ministry of Economy and Finance, is now in Manila leading the Cambodian delegation. The role of his delegation will be to provide feedback on past and present dealings with the development bank, give input regarding ADB’s future plans for Cambodia and report on the country’s present state of affairs.
Seminars on the economic gender gap, women entrepreneurship and economic empowerment, the role of the private sector in meeting Asia’s infrastructure needs, new technologies in finance, as well as climate and disaster resilience will be held throughout the four-day event.
ADB is Cambodia’s biggest multilateral developing partner, having committed a total of $2.86 billion in lending, grants, and technical assistance since 1966, according to figures from ADB.
In September 2017, ADB issued its country operations business plan 2018–2020 for Cambodia, which focuses on improving livelihoods and employment in rural areas, investing in national, provincial, and rural roads, as well as climate-resilient infrastructure in provincial and border towns.
The bank’s strategy for the next three years also seeks to improve access to secondary education while narrowing the skills gap. Supporting the implementation of the government’s public financial management and decentralization reform programmes are also key priorities.