From May 2 to 5, 2024, the 57th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB) was held in Tbilisi, Georgia. Liao Min, Vice Minister of Finance of China and Alternate Governor for China in the ADB, attended the meeting. The theme of this year's meeting was "Bridge to the future", with discussions focusing on topics such as promoting private sector development for addressing climate change.

Liao acknowledged the ADB's achievements in promoting regional poverty reduction and development. He encouraged the ADB to leverage its role as a multilateral platform to deepen strategic policy coordination, promote innovative development to foster new drivers of economic growth, strengthen cooperation with development partners to mobilize more financial and intellectual resources, and advance its own reforms and further improve the effectiveness of its assistance to developing members, thereby promoting stable recovery and sustainable development in the Asia-Pacific region.

Liao also shared the achievements and experience of China's private sector in addressing climate change through technological innovation and green transformation, expressing the hope that the ADB will play a greater role in mobilizing the private sector resources in climate change response.

He underscored China's confidence in achieving its annual economic growth target, which will bring greater certainty to global and Asia-Pacific economic recovery and stable development. Currently, the green and digital transitions are leading to a paradigm shift in sustainable development strategy in the Asia-Pacific region, requiring international organizations such as the ADB to provide more intellectual support and solutions, he said.

On the sidelines of the meeting, Liao met respectively Masatsugu Asakawa, President of the ADB; Levan Davitashvili, Vice Prime Minister and Minister of Economy of Georgia; Lasha Khutsishvili, Minister of Finance of Georgia; Shehan Semasinghe, State Minister of Finance of Sri Lanka; Osman Celik, Deputy Minister of Treasury and Finance of Turkey; Kazim Niaz, Secretary for the Ministry of Economic Affairs of Pakistan; and Paul Chan Mo-po, Financial Secretary of the Government of the Hong Kong Special Administrative Region of China.