Asian Development Bank will be holding its annual sitting in Astana in 2014. This was announced by Kazakhstan’s Prime Minister Karim Massimov in his Twitter account today.
Today he has met Asian Development Bank's (ADB) Vice-President Xiaoyu Zhao.
Earlier Tengrinews.kz reported that ADB will provide Kazakhstan a loan worth $500 million to support small and middle-sized businesses.
ADB was established in 1966 under the Agreement Establishing the Asian Development Bank (Charter), which is binding upon the member countries that are its shareholders. As of 31 December 2010, ADB had 67 members, of which 48 were drawn from Asia and the Pacific region.
ADB is headquartered in Manila, Philippines and has offices worldwide including representative offices in North America (Washington, DC), Europe (Frankfurt), and Japan (Tokyo). ADB's mission is to help its developing member countries reduce poverty and improve living conditions and quality of life.