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Azerbaijan to join ADB annual meeting

17 February 2009 10:40 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. The 42th Annual Meeting of the Board of Governors of the Asian Development Bank will be held in Bali, Indonesia from 4 to 5 May 2009.
The ADB Office in Baku said the meeting is due to focus on solutions for dealing with current world financial crisis.
Some 3,000 delegates consisting of finance and economic ministers, central bank governors, senior government officials, representatives of multilateral financial institutions, investors, business people, representatives of non-government organizations, academicians, and members of the media, will attend the three-day-meeting.
Besides the 67 ADB member countries including the Unites States, the European Union and Australia will also send their representatives to the summit.
The ADB is a regional development bank established in 1966 to promote economic and social development in Asian and Pacific countries through loans and technical assistance.
It is a multilateral development financial institution owned by 67 members (as of 2nd February 2007), including 48 from the region and 19 from other parts of the globe. ADB’s vision is a region free of poverty. Its mission is to help its developing member countries reduce poverty and improve the quality of life of their people.