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Asia-PacificJune 1 2011

ADB meeting sees calls for financial innovation and the embracing of PPPs

Asian Development Bank president Kuroda Haruhiko's calls for sound financial systems to channel Asia's savings into its own development process and his support for public-private partnerships to mobilise finance for investments in key sectors have been welcomed throughout the continent.
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ADB meeting sees calls for financial innovation and the embracing of PPPsKuroda Haruhiko, president of the Asian Development Bank

The process of financial co-operation in Asia took a major step forward in early May, during meetings held in tandem by the governors of the Asian Development Bank (ADB) and regional finance ministers in Hanoi.

The Vietnamese capital hosted both the 44th annual meeting of the governors of the ADB and the 14th meeting of the finance ministers of the Association of South-east Asian Nations and China, Japan and South Korea (Asean+3).

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