ADB Holds 58th Annual Meeting of Board of Governors in Milan, Italy. International | Dated: 13 May 2025 The 58th Annual Meeting (AM) of the Board of Governors of the Asian Development Bank (ADB) was held from May 4 to 7, 2025, at the Allianz MiCo-Milano Convention Centre in Milan, Italy. 🎯 Key Highlights: - The event was organized under the theme "Sharing Experience, Building Tomorrow". - Masato Kanda, President of ADB, formally inaugurated the 58th Annual Meeting. 💡 Other Important Facts: (i) Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs, led the Indian delegation comprising officials from the Department of Economic Affairs (DoEA), Ministry of Finance (MoF). (ii) ADB committed USD 5 billion to India in 2024 through loans, grants, and other forms of assistance. (iii) The ADB’s Board of Governors approved the 2024 financial statements, registering a record net income allocation of USD 1.539 billion, the highest ever in ADB’s nearly 60-year history. 📚 Test Your Knowledge: In which country was the 58th Annual Meeting of the ADB Board of Governors held recently? Correct Answer: Italy 🚀 Quick Recap: About ADB President: Masato Kanda (Japan) Headquarters: Manila, The Philippines