The Japan Ministry of Finance published remarks by ADB Governor for Japan Satsuki Katayama at the Asian Development Bank's Fifty-Ninth Annual Meeting setting out Japan's priorities for the bank across resilience, regional integration, private sector development, ADB capacity, and cooperation among multilateral development banks. The statement confirmed that Japan will contribute USD 20 million to ADB's Critical Minerals-to-Manufacturing Financing Partnership Facility and backed ADB's shift toward greater private sector operations, including its goal of quadrupling private investment financing. The remarks also pointed to the approximately USD 10 billion Partnership on Wide Energy and Resources Resilience Asia announced in April and the launch at the Annual Meeting of the Action for Creating Energy Security for Long-term Resilience with ADB to support energy and supply-chain resilience. Japan highlighted continued support for regional connectivity and financial cooperation, welcomed the planned evolution of the Asian Bond Markets Initiative into the Asian Bond and Financial Markets Initiative, noted the April establishment of the P-PREPARE trust fund for Pacific catastrophe insurance contributions, and said it had made an additional USD 5 million contribution in March to the Asia Pacific Project Preparation Facility. Japan also said it will host the 2027 Asian Development Bank Annual Meeting in Aichi-Nagoya and sees that meeting as an opportunity to begin discussions on the bank's strategy beyond 2030.

Original source View in tracker