Aquino hosts luncheon for ADB governors, other officials

May 4, 2012 10:02 pm 

MANILA, May 4 — President Benigno S. Aquino III hosted a luncheon Friday in Malacanang for the governors of the Asian Development Bank gathering for the bank’s 45th annual meeting at the Philippine International Convention Center (PICC) in Pasay City.

The President delivered a message during opening rites of ADB annual meeting. The ADB board governors and other officials immediately proceeded to Malacanang after the opening ceremony at the PICC on Friday morning.

The President thanked the financial institution for continuously supporting the Philippines in its development programs.

The chief executive said ADB was a government's partner in the Public-Private Partnership Program and its efforts to reform the justice system and in implementing the energy-efficient electric tricycle project as well. The government has started to achieve its goals because of ADB’s help, he said.

The Aquino government hopes that the annual meeting of the ADB Board of Governors will portray a positive image of the country overseas that could result to additional investments in the country as well as more tourist arrivals.

With the sluggish economic conditions in Europe and North America, the ADB’s annual meeting, which focuses on inclusive growth, becomes very timely and significant.

The Philippines had hosted this yearly meeting, including the first one in 1968. The ADB meeting was last held in the country in June 2003.

Joining the President during ADB’s opening ceremony include Vice President Jejomar Binay, House Speaker Feliciano Belmonte, ADB President Haruhiko Kuroda, Finance Secretary Cesar Purisima and Bangko Sentral ng Pilipinas Gov. Amando Tetangco Jr. (PNA) RMA/PCOO/ssc

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