ADB: president sounds note of optimism, cooperation in opening annual meetings

At the opening of the Asian Development Bank’s 50th annual meeting, President Takehiko Nakao had a key message: The region’s largest development bank is as relevant as ever.

Amid talk of growing competition in the development banking sector, shrinking shareholder resources and an increasing focus on protectionism in many countries, Nakao opened the anniversary meeting in Yokohama with a presentation of the ADB’s successes and growth over the past 50 years. Then, he argued for its future.

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