49th Annual Meeting of the Asian Development Bank (ADB) started at Frankfurt (Germany)

Meeting: 49th
Venue: Messe Frankfurt, Germany
The 49th Annual General Meeting of ADB is being held from May 2-5 at Frankfurt, Germany.
The Asian Development Outlook 2016 predicts the growth rates to 5.7% each in 2016 and 2017, from 5.9% projected last year.

Participants on theme ‘Asian Economic Outlook – 2016

• ADB President Takehiko Nakao
• Indonesia Finance Minister Bambang PS Brodjonegoro
• Pakistan Finance Minister Mohammad Ishaq Dar
• Regional Head for Greater China and ASEAN
• Commerzbank AG, Agnes Vargas
• Indian Finance Minister Arun Jaitley

Participation from India:

• Finance Minister Arun Jaitley representing India along with Economic Affairs Secretary Shaktikanta Das and departure to Germany on 3^rd May 2016.
• FinMin Focus: Performance of the Indian economy and highlight micro and macroeconomic indicators of the economy
• FinMin Agenda: Co-operation with ADB in development

Events:

• Finance Ministry will have a bilateral Meeting with Hans-Joachim Fuchtel, Parliamentary State Secretary to German Federal Ministry for Economic Cooperation and Development.
• Meet Lyonpo Namgay Dorji, Finance Minister of Bhutan to discuss economic assistance packages from India to Bhutan and progress of hydropower projects funded by India
• Attend roundtable and bi-lateral meetings, including interaction with Sumitomo Mitsui Banking Corporation President and CEO Takeshi Kunibe.