MILAN, Italy, May 5. The Business Session of the Asian Development Bank’s governors has kicked off in Milan as part of the 58th annual meeting, Trend correspondent reports.
The Business Session of the Board of Governors is the main meeting of the Governors that takes place at each ADB Annual Meeting. Governors adopt resolutions; take note of and approve documents related to the business, finance, administration, and operations of ADB; and provide guidance to the institution through their statements.
This session also provides an opportunity for the ADB President to report on progress since the previous meeting and to share key organizational messages from ADB Management.
The 58th Annual Meeting of the Board of Governors is being held at Allianz MiCo - Milano Convention Centre.
With the theme "Sharing Experience, Building Tomorrow", it is be the first time for Italy to host the Annual Meeting. Finance Ministers and Central Bank Governors from ADB member countries, officials from international organizations, representatives from the private sector, civil society organizations, and the media, are participating at the event.
The Annual Meeting of the ADB Board of Governors is an opportunity to provide guidance on ADB administrative, financial, and operational directions. The meetings provide opportunities for member governments to interact with ADB staff, nongovernment organizations (NGOs), media, and representatives of observer countries, international organizations, academe, and the private sector. ADB’s annual meetings have become a premier forum for the discussion of economic and social development issues in Asia and the Pacific.
