Back to list

Taiwan central bank governor to attend ADB meeting

2012/05/01 20:02:58

Manila, May 1 (CNA) Perng Fai-nan, governor of the Central Bank of the Republic of China, will lead a delegation Wednesday to attend the Asian Development Bank's (ADB) annual meeting of its board of governors.

The 45th annual meeting, to be held May 2-5 in Manila, gathers around 4,000 top policymakers, business leaders, academics, members of civil society , and development institution representatives.

As host of this year's meeting, the Philippines chose the theme of "Inclusive Growth through Good Governance," providing a platform to discuss one of the region's most pressing issues -- how to bring the benefits of Asia's rapid growth to all levels of society.

The annual meeting takes place against the backdrop of an Asia and Pacific region that has seen steady growth and is leading global recovery, but one that is vulnerable to growing inflation, spikes in fuel prices, austerity measures in the eurozone, and worsening effects of climate change.

It is estimated that two thirds of the world's poor live in the Asia and Pacific region, and among them, 1.8 billion people live on an expenditure of less than US$2 per day. The ADB supports poor countries by helping them get out of poverty through low interest loans and donations.

(By Emerson T. Lim and Lilian Wu)
Enditem/ pc