ADB meeting for September 17-18 goes virtual
Asian Development Bank’s 53rd Annual Meeting going virtual
MANILA – The second part of the Asian Development Bank’s 53rd Annual Meeting scheduled from September 17-18,2020 will become a virtual event due to threats from the COVID-19 =.
The events will include a formal business session and selected knowledge events.
“As the coronavirus disease (COVID-19) pandemic continues to evolve, with travel restrictions impacting on many ADB members and continued health risks, ADB and the Government of the Republic of Korea have agreed no to proceed with a physical meeting in Incheon,” said ADB Secretary Eugenue Zhukov.
The Republic of Korea offered to host ADB’s 56th Annual Meeting in Incheon in May 2023. ADB’s Board of Governors will consider this proposal as it convenes virtually on September 18.
The first portion of the 53rd Annual Meeting comprised a reduced-scal meeting of the Board of Governors on May 22,2020 where the Governors approved ADB’s financial statements and net income allocation according to the ADB institutional requirements.
ADB is actively supporting its members as they respond to the effects of COVID-19 through its US$20 billion comprehensive response package announced last April 13. ADB was established in 1966 and owned by 68 members, 49 of whom are from the region. (Melo M. Acuña)
Asian Development Bank in Mandaluyong City. (Melo M. Acuna Photo)