• search

HITEX all set for ADB meet

Written by: Staff

Hyderabad, May 2 (UNI) About 2,500 delegates will gather here for four days from tomorrow for the 39th Annual Meeting of the Board of Governors of Asian Development Bank (ADB) to discuss the role of India and South Asia in a region that is rapidly integrating and the Asia-Pacific region's massive infrastructure needs.

The meet, to be formally inaugurated on May five, will also discuss ways to address poverty in the context of development challenges faced by Asia due to global imbalances and in particular, how ADB could respond to the region's changing needs, the Bank said.

On the eve of the meet, the Bank, in its latest India Country Strategy and Programme, revealed its plans to scale up lending levels to India from an average of around 1.24 billion USD in recent years to around 2.65 billion USD by 2008. ADB's total lending assistance to India till 2005 amounted to about 15.4 billion USD, it said.

Meanwhile, the People's Forum Against Asian Development Bank(PFAA), comprising 97 social movements, struggle groups and NGOs from across Asia, announced holding of parallel sessions against the ADB AGM.

Ms Medha Patkar spreaheading stir against displacement of poor people by the Narmada dam would be among 400 international and 2000 Indian activists participating in the programme, PAADFB member Souparna Lahiri told reporters here Despite elaborate security cover at the HITEX, the venue of the meet, activists of the 'People's Forum Against ADB'(PFAA) and Green Peace slipped into the media enclosure and distributed pamphlets opposing the Bank's entry into India and Asia.

EDs: Pick up suitably from earlier series.


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more