Fiji’s hosting the Asian Development Bank (ADB) 52nd annual meeting in 2019 will be a great opportunity to showcase the Pacific.
ADB President Takehiko Nakao made the statement at the 51st ADB Annual meeting currently underway in Manila, Philippines.
“ADB’s Annual Meeting in 2019 is clearly in our sights. With sincere thanks to the Government of Fiji, this will be the first ADB Annual Meeting hosted by an ADB’s Developing Member Country(DCMC) in the Pacific.
“The Annual Meeting in 2019 will be an unprecedented opportunity for all of you to showcase the Pacific and its achievements, but also to highlight the development challenges that remain. On our part, we will pursue further measures to support vulnerable small states in the Pacific.
To support ADB’s preparations for the 2019 Annual Meeting, I plan to travel to Fiji later this year. I also hope to visit other Pacific DMCs,” Nakao said.
“I look forward to our continued partnership to achieve more inclusive and sustainable development across the Pacific,” he said.
“It’s nice to show that Fiji is a good place for investment and also for tourism.”
“I think this is the first time for any development banks including the World Bank and others to have a such big meeting and I am really looking forward to this meeting,” Nakao told journalists in a press conference.
“This year we have more than 4,200 participating in this meeting and I think we can also have a very large participants in Fiji and this really an important opportunity for Pacific region,” Nakao told journalists.
ADB’s most recent investment loan project with Fiji is a multi-tranche financing facility of US$153.2 million to improve the supply of reliable and safe water to the greater Suva area and increase waste water treatment and management capacity. The total cost of the project of US$405 million will be shared between the ADB, the European Investment Bank, the Government of Fiji and the Green Climate Fund.