Syed Habib Hasnat, Additional Managing Director of First Security Islami Bank Ltd, poses with the participants of 22nd Foundation Training Course at the bank training institute in the city on Saturday. Md Mustafa Khair, DMD of the bank, Md Ataur Rahman, P

Md Arfan Ali, Managing Director of Bank Asia Ltd, poses with the participants of a training program on \'Islamic Banking and Finance\' at Bank Asia Bhaban at Chittagong city recently. Muhammed Zahirul Alam, DMD, AKM Shaiful Islam Chowdhury, SVP and AKM Mi

Choudhury Moshtaq Ahmed, Managing Director (Current Charge) of National Bank Limited, distributing cash money, dry foods and medicine among the flood affected people at Jamalgonj, Sunamgonj recently. AMD Wasif Ali Khan, DMDs ASM Bulbul and Shah Syed Abdul

YOKOHAMA, JAPAN (3 May 2017) — The Asian Development Bank (ADB) and the ASEAN+3 Macroeconomic Research Office (AMRO) today signed a memorandum of understanding (MOU) to strengthen cooperation between the two institutions in support of members in the Association of Southeast Asian Nations (ASEAN), the People’s Republic of China, the Republic of Korea, and Japan.

The MOU was signed by ADB President Takehiko Nakao and AMRO Director Junhong Chang on the sidelines of the 50th Annual Meeting of ADB’s Board of Governors in Yokohama, Japan.

Through the partnership, ADB and AMRO will collaborate to support efforts and policies focused on economic growth, greater financial stability, and improved cooperation and integration in the ASEAN+3 region. The MOU will help enhance the two institutions' support to further strengthen the region’s macroeconomic surveillance, as well as its crisis prevention and management capabilities.

"Asia and the Pacific has made tremendous progress in improving its financial resilience and strengthening its surveillance capabilities. AMRO has been an essential part of this development," said Mr. Nakao. "Through this MOU, ADB and AMRO will work closely together on issues that are essential to the region’s future growth and financial stability."

Since its inception in 2011, AMRO has sustained a strong partnership with ADB, including activities such as the annual Asian Regional Roundtable, a host of meetings and dialogues at both leadership and working staff levels, as well as ADB’s technical assistance to strengthen AMRO’s surveillance capacity. The MOU is a milestone in enhancing and institutionalizing the cooperation between the two organizations following AMRO’s new status as an international organization.

“The MOU marks an important step forward in our ongoing collaboration with ADB, an important partner in the region,” said Ms. Chang. “AMRO looks forward to working even more closely with ADB to support regional financial stability and economic cooperation.”

ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, ADB is celebrating 50 years of development partnership in the region. It is owned by 67 members—48 from the region. In 2016, ADB assistance totaled $31.7 billion, including $14 billion in cofinancing.

AMRO, located in Singapore, is a regional surveillance organization that aims at contributing to the regional macroeconomic and financial stability through conducting macroeconomic surveillance and supporting the implementation of the regional financial arrangement. AMRO members include 10 ASEAN economies and the People’s Republic of China (including Hong Kong), Japan, and the Republic of Korea./news/adb-amro-sign-mou-support-increased-regional-economic-growth-stability

ADB President Takehiko Nakao registers at the Pacifico Yokohama. Over 5,000 delegates are expected to attend the meeting from 4 to 7 May.

YOKOHAMA, JAPAN (3 May 2017) — Finance and development ministers, central bank governors, other senior government officials, business executives, journalists, academics, and representatives from civil society, development organizations, and youth from the Asia and Pacific region started arriving today at Pacifico Yokohama in Yokohama, Japan for the 50th Annual Meeting of the Asian Development Bank’s (ADB) Board of Governors. Over 5,000 delegates, including from North America and Europe, are expected to attend the meeting from 4 to 7 May.

Operating under the theme of “Building Together the Prosperity of Asia”, this year’s Annual Meeting will focus on the region's growing need for infrastructure as a critical sector towards achieving sustainable and inclusive development. Discussions on how to address urban challenges and strive for clean and climate-resilient development will be held.

The flagship Governors’ Seminar on 5 May will discuss reforms in trade, investment, and finance, as well as lessons learned from the past 50 years of development in the region. A special book launch, as part of ADB’s 50th anniversary celebrations, will be held on 4 May to discuss and share ADB’s role and future direction.

Key sessions will discuss salient issues central to development including rising inequality, macroeconomic stability, progress on the Sustainable Development Goals, and financial inclusion. The Annual Meeting will highlight the role of the private sector in supporting development programs in Asia and the Pacific through seminars focused on public-private partnerships and cofinancing.

Host country, Japan, will hold several events including discussions on lessons from the Asian financial crisis 20 years later, and a youth event focused on reducing poverty and fostering inclusive economic growth.

Flagship sessions and the ADB President’s press conferences will be livestreamed. Delegates can follow Annual Meeting events through social media channels including Facebook, Twitter, and Instagram using #ADBYokohama and #ADB50. Participants may find the latest Annual Meeting updates by downloading the free Event App in iOS and Android using the event code MyADB2017 and the password from their registration confirmation email. Guidelines for journalists are available in English and Japanese.

ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, ADB is celebrating 50 years of development partnership in the region. It is owned by 67 members—48 from the region. In 2016, ADB assistance totaled $31.7 billion, including $14 billion in cofinancing.