The Asian Development Bank (ADB) will hold the second stage of its 53rd annual meeting as a virtual event on September 17 to 18.
The event will include a formal business session and selected knowledge events, reports BSS.
“As the coronavirus disease (COVID-19) pandemic continues to evolve, with travel restrictions impacting many ADB members and continued health risks, ADB and the Government of the Republic of Korea have agreed not to proceed with a physical meeting in Incheon,” said ADB Secretary Eugenue Zhukov.
An ADB press release said the Republic of Korea has offered to host ADB’s 56th Annual Meeting in Incheon in May 2023. ADB’s Board of Governors will consider this proposal when it convenes virtually on September 18.
The first stage of the 53rd Annual Meeting comprised a reduced-scale meeting of the Board of Governors on May 22 at which Governors approved ADB’s financial statements and net income allocation in line with ADB institutional requirements.
ADB is actively supporting its members as they address the effects of COVID-19 through its $20 billion comprehensive response package announced on April 13.