After 50 years, Asian Development Bank looks ahead
The Asian Development Bank set out its strategy for the next decade during the launch of its 50th annual meeting in Japan over the weekend, while also recognising the challenges that remain for the 300 million people still living in poverty in Asia. Addressing the 6,000 officials, academics, business leaders and civil society representatives attending the meeting, ADB President Takehiko Nakao praised the bank’s performance over the past 50 years, during which it combined knowledge and finance while fostering regional cooperation. He also mapped out the future direction of the institution, which will be led by its Strategy 2030 and includes addressing issues of climate change, urbanisation, ageing demographics and widening inequalities.
