Baku to host meeting of ADB Board of Governors in spring 2015

Photo: Baku to host meeting of ADB Board of Governors in spring 2015  / Business News

Baku, Azerbaijan, Dec.19
By Abbas Akhundov - Trend:

The meeting of the Board of Governors of the Asian Development Bank (ADB) will be held in Baku on May 3-4, 2015 in Baku, head of ADB Baku Office Olli Norojono told Trend on Dec.19.

In addition, various conferences, seminars and business forums are going to be held in Azerbaijan's capital several days before the meeting of the Board of Governors, according to Norojono.

"ADB has 67 member states and directors of all offices of the bank are invited to participate at the meeting of the Board of Governors in Baku. We expect about 3,000-4,000 participants. They will represent not only the bank, but also NGOs, civil societies, private and public sectors, "Norojono said.

In accordance to the memorandum of understanding signed between ADB and Azerbaijan in 2013, the Azerbaijani side will undertake the major part of expenditures according to ADB Baku Office head. A special commission is working on preparations for the meeting of the Board of Governors.

The headquarters of ADB that was founded in 1966 is located in Manila, capital of Philippines. ADB has 67 member states. Azerbaijan became a member of ADB on Dec.22 1999.

Translated by L.Z.

Edited by C.N.

Follow us on Twitter @TRENDNewsAgency