March 21, 2023

BSP strengthens partnership with ADB, regional peers

The regulator took part in the Annual Meeting of the regional bloc lender.

The Bangko Sentral ng Pilipinas (BSP) attended the recently concluded Second Stage of the 55th Asian Development Bank (ADB) Annual Meeting of the Board of Governors held in Manila, Philippines from 26 to 30 September 2022. The meeting convened state leaders and high-level officials and discussed economic and social developments anchored on the theme Positioning Climate Resilient Green Economy for the Post COVID-19 World.

Governor Felipe M. Medalla, as ADB Alternate Governor, spearheaded the BSP delegation in various meetings which discussed ADB’s continued support to the Philippines. Bilateral engagements were also held at the sidelines of the ADB Annual Meeting with counterparts from the US, Pakistan, Bangladesh, and Malaysia, while an audience with ADB President Masatsugu Asakawa provided an opportunity to discuss matters of mutual concern. A constituency dinner hosted by ADB Executive Director Noor Ahmed on 30 September 2022 paved a closer interaction with the members of the regional constituency block comprising of Kazakhstan, the Maldives, Marshall Islands, Mongolia, Pakistan, Philippines, and the Timor-Leste.