ADB to hold 39th annual meet in Hyderabad: Kuroda

Hyderabad, Mar 9 (UNI) The Asian Development Bank(ADB) will holds its 39th Annual meeting "in this thriving city", in May, its President Haruhiko Kuroda said today.

The meet would discuss, among other things, the prospects of development in Asian countries, including the transforming economies like India and the role of the ADB in assisting them, Mr Kuroda who was here to deliver a lecture on ''investing in infrastructure:Key to Economic growth'', told reporters.

The ADB would launch during the year a US $ one billion initiative to improve energy efficiency in the member countries, he said, adding the demand for energy would grow exponentially in the fast growing economies of India and China.

Pointing out that energy intensity was extremely low, he said ''improving energy efficiency in the next 15 years will be a major challenge for Asian countries, particularly India and China.

Stressing the need for the Developed countries to provide technical and financial assistance to developing countries to reduce Greehouse gas emission, he said ADB was committed to offer its support in this area.

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