Azerbaijan has assumed the chairmanship of the Board of Governors of the Asian Development Bank (ADB) for next year, state news agency Azartac said.

The country took over the chairmanship from Kazakhstan as the Board of Governors convened in Astana for its 47th annual meeting.

Entitled “Rethinking Asia's Challenges at the Crossroads of the Silk Road”, the annual meeting saw much discussion on connectivity, innovation, and the need to keep up with the demands of a changing Asia and Pacific, Azartac said.

ADB President Takehiko Nakao and Kazakh President Nursultan Nazarbayev officially opened ADB's 47th Annual Meeting in Astana.

At the opening session, President Nakao spoke of the need for ADB to sharpen its focus to better serve the needs of a developing Asia in rapid transition. 

The Azerbaijani Minister of Finance, member of the Board of Governors Samir Sharifov said Azerbaijan would try its best to use the Baku meeting to prove that it is “a trusted partner” of the Asian Development Bank.

The meeting featured the Day of Azerbaijan, which was attended by delegations of the Board of Governors member states, ADB leadership, and prominent public and political figures of Kazakhstan and other countries.

Bakudaily.az