DEVELOPMENTS - Asian development bank chief meets with regional groups

Malaysia Sun, 12th January, 2007

ADB President Haruhiko Kuroda Friday participated in the summit meetings of two Asian subregional economic cooperation groups.The head of the Asian Development Bank offered continued support for the groups to reduce poverty and promote growth. Mr. Kuroda met with government leaders at the 3rd Brunei-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) Summit, which was chaired by President Gloria Macapagal Arroyo of the Republic of the Philippines, as well as at the 2nd Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) Summit, chaired by President Susilo Bambang Yudhoyono of the Republic of Indonesia.

The ADB President praised the progress made in both initiatives. The subregional cooperation being developed though BIMP-EAGA and IMT-GT is an important building block within the ASEAN region, Mr. Kuroda said. They are building momentum towards regional integration and development.

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