Asia at the Silk Road crossway

From May 2 to 5 of the present year in Astana, the Republic of Kazakhstan, the 47th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB) was held. The main agenda was: "Asia at the Silk Road crossway: rethinking the role of the region and the challenges it faces". The event was visited by the government heads and representatives as well as the officials of Central Banks from the 67 ADB member countries. The experts of the ACIG Group of Companies took part in the Meeting’s work at the invitation of the UN ESCAP Subregional Office for East and North-East Asia.

The mechanisms of deepening investment connections and increasing the volume of direct investments to the economies of the ADB member countries, based on the harmonization of the major lending instruments, the concessional Asian Development Fund (ADF) and the LIBOR-based Ordinary Capital Resources (OCR) were discussed during the Meeting.

The experts of the ACIG Group of Companies recommended to concentrate on overcoming the existing infrastructural gap between the member countries of the ADB, that makes it difficult to transfer the results of expanded reproduction, labor and financial resources, and, as a result, does not allow to fully use the potential of the regional cooperation and integration.

Information:

The Asian Development Bank (ADB) is an intergovernmental credit institution that funds development programs in the Asian countries. The decision to establish this organization was made at the United Nations Economic and Social Commission for Asia and the Pacific in 1965 in Manila, Philippines.

Additional information: www.adb.org