Japanese Finance Minister Shunichi Suzuki has announced Japan\u2019s bid to host the 60th annual meeting of the Asian Development Bank (ADB) in 2027. This declaration came during Suzuki\u2019s speech on the final day of this year\u2019s ADB yearly meeting held in Tbilisi, Georgia.<\/p>\n
In his address, Suzuki emphasized Japan\u2019s commitment to supporting the ADB\u2019s initiatives by pledging approximately \u00a5162 billion to the Asian Development Fund, which assists the ADB\u2019s low-income member countries. Japan\u2019s last hosting of an ADB annual meeting was in Yokohama in 2017.<\/p>\n
Highlighting Japan\u2019s aspirations for the ADB\u2019s continued pivotal role in regional prosperity, Suzuki expressed the desire to bring the 2027 meeting to Japan. This bid underscores Japan\u2019s dedication to fostering cooperation and development within the Asia-Pacific region.<\/p>\n
During this year\u2019s ADB annual meeting, participants engaged in quadrennial discussions aimed at securing financial resources for the Asian Development Fund. Agreement was reached to secure a total of $5 billion for the four years from 2025, with half of this amount to be contributed by ADB members. Japan\u2019s substantial pledge of 162 billion yen positions it as the leading contributor among member nations.<\/p>\n
The forthcoming ADB annual meeting is slated to occur in Milan, Italy, in May 2025, marking a pivotal moment for global discussions on regional development and economic cooperation.<\/p>\n
As Japan seeks to host the 2027 ADB meeting, its commitment to supporting the ADB\u2019s mission remains steadfast, reflecting the nation\u2019s enduring dedication to regional prosperity and sustainable development.<\/p>\n","protected":false},"excerpt":{"rendered":"
Japanese Finance Minister Shunichi Suzuki announced Japan\u2019s bid to host the 60th annual ADB meeting in 2027, emphasizing Japan\u2019s support with a \u00a5162 billion pledge to the Asian Development Fund.<\/p>\n","protected":false},"author":367,"featured_media":15532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[9860,2605,4630,9861],"class_list":["post-15530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-japan","tag-asian-development-bank-adb","tag-georgia","tag-shunichi-suzuki","tag-tbilisi"],"reading_time":"2 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts\/15530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/users\/367"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/comments?post=15530"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts\/15530\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/media\/15532"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/media?parent=15530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/categories?post=15530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/tags?post=15530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}