The 56th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB) commenced in Incheon, South Korea, attended by 5,000 policymakers and finance experts from 68 Asia-Pacific nations. This year's theme is “Rebounding Asia: Recover, Reconnect, and Reform." South Korea, a founding ADB member, aims to strengthen ties with the bank in combating climate change by setting up a technology hub to share climate-related technologies with developing countries. The meeting will address post-pandemic economic challenges, global supply chain disruptions, policy redesign, and ways to support Asia's rebound amid a slowing economy. Additionally, Finance Minister Choo Kyung-ho will meet his Japanese counterpart, Shunichi Suzuki, for the first time in seven years, focusing on revitalizing economic partnership and potentially resuming a currency swap deal that expired in 2015.
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