07/13/2020 | Press release | Distributed by Public on 07/13/2020 04:17
MANILA, PHILIPPINES (13 July 2020) - The Asian Development Bank (ADB) will hold the second stage of its 53rd Annual Meeting as a virtual event on 17-18 September. The event will include a formal business session and selected knowledge events.
'As the coronavirus disease (COVID-19) pandemic continues to evolve, with travel restrictions impacting many ADB members and continued health risks, ADB and the Government of the Republic of Korea have agreed not to proceed with a physical meeting in Incheon,' said ADB Secretary Eugenue Zhukov.
The Republic of Korea has offered to host ADB's 56th Annual Meeting in Incheon in May 2023. ADB's Board of Governors will consider this proposal when it convenes virtually on 18 September.
Visit the Annual Meeting website for more information and updates on meeting arrangements.
The first stage of the 53rd Annual Meeting comprised a reduced-scale meeting of the Board of Governors on 22 May at which Governors approved ADB's financial statements and net income allocation in line with ADB institutional requirements.
ADB is actively supporting its members as they address the effects of COVID-19 through its $20 billion comprehensive response package announced on 13 April. Visit ADB's website to learn more about our ongoing response.
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members-49 from the region.