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Asian Development Bank to Meet in Bali

3,000 Delegates Expected in Bali May 2-5, 2009 for 42nd Annual Meeting of the ADB.

(2/14/2009) The 42nd meeting of the Asian Development Bank (ADB) will take place in Bali May 2-5, 2009. In anticipation of that meeting, the President of the ADB, Haruhiko Kuroda, will visit Bali on February 16th to review the final preparations for the May gathering.

Approximately 3,000 delegates comprised of heads of government, central bank governors, finance ministers, academics, press and members of the general public are expected at the meeting which will be held at the Bali International Convention Centre (BICC).

The Bali meeting is anticipated to be the biggest ever ADB meeting and the first held in Indonesian following an ADB gathering in Jakarta in 1976.

On the agenda of the Bali meeting are three main topics for discussion:

Solutions to the current global financial crisis

Climate change

Regional economic integration

The ADB was established in 1966 with Indonesia serving as one of the founding members. Indonesia currently has outstanding loans worth US$1.1 billion from the ADB expended on infrastructure projects.