Muhith to focus infrastructure dev at ADB’s meeting
30 April 2016, Nirapad News: Finance Minister Abul Maal Abdul Muhith will focus infrastructure development at the 49th annual general meeting of the Asian Development Bank (ADB), begins next week in Frankfurt in Germany.
The finance minister will leave Dhaka on Sunday to attend the four-day meeting where over 3,000 finance and development ministers, central bank governors, government officials, business leaders, investors, journalists and representatives from civil society will gather from May 2-5 to discuss on sustainable developments in Asia and the Pacific.
“At the meeting, Bangladesh will highlight various development issues related to strengthening of regional connectivity and improving further the physical infrastructure”, Saifuddin Ahmed, Joint Secretary, Economic Relation Division (ERD), told a news agency on Saturday.
He said the finance minister would present a document at the meeting, with focusing on regional connectivity and infrastructures including rail, road, power, seaport, land port and corridors.
“Investment will also be another focus of the country document as Bangladesh always try to attract investment in the infrastructure”, the official said.
ADB has already a big stake in Bangladesh infrastructure development and other areas, with providing the country the necessary assistance like technical, financial and knowhow.
In improving regional connectivity, the ADB had already provided Bangladesh $120 million in loans to help finance increased transmission capacity of a cross-border electricity link between India and Bangladesh.
From the outcome of the 49th annual meeting, Bangladesh is expecting more ADB assistance in areas those are primarily focused on sustainable development and targeted to help achieve the Sustainable Development Goals (SDGs), said a finance ministry official.
This year the meeting is being held under the theme “Cooperating for Sustainability” and with focusing on closer Asian and European linkages to support sustainable development. The event, being held in the largest financial center in continental Europe, will also showcase Germany’s own strategy for developing sustainably.
The meeting will address on seven key areas like clean energy and climate change, sustainable supply and production chains, technical and vocational education and training employment, cities, infrastructure, and urban development, information and communications technology, international development, economics, and finance and ADB administration and governance.
The flagship Governors’ Seminar of the meeting scheduled for May 3 will examine the factors causing the current global growth slowdown and the structural reforms needed to put the world back on the path toward sustained growth.
A joint seminar with the International Monetary Fund (IMF) will look at growing financial links between Asia and Europe, and how the current benefits can be expanded and risks mitigated.
Other panels will assess what’s needed to deliver green, livable cities for the future, the finance and technology required to build resilience to climate change, the steps needed to strengthen Asia-Europe trade and investment, and actions required to produce high quality jobs in developing Asia to support more inclusive growth, according to a news agency.