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FM to leave for Hanoi tomorrow to attend ADB annual meet

delhi Updated: May 02, 2011 19:50 IST
Pranab Mukherjee

Finance minister Pranab Mukherjee will leave on Tuesday to Vietnam on a two-day visit for Board of Governors' annual meet of Asian Development Bank (ADB).

"Mukherjee is visiting Hanoi in order to attend 44th Board of Governors' Annual Meet of Asian Development Bank (ADB). Mukherjee will leave tomorrow afternoon and will return on the night of May 5," according to an official statement released on Monday.

The finance minister will also call on Vietnamese Prime Minister during his two days visit to Hanoi.

During his meeting with Vietnamese Prime Minister, both the leaders are likely to discuss matters of mutual interest.

"India has granted Market Economy Status to Vietnam in 2009. Issues of investment by Indian companies in Vietnam may also come up for discussion during this meeting," the statement added.

Mukherjee's first engagement would be his participation in a seminar of Board of Governors' of ADB on "Asia 2050: Pursuit of Growth, Sustainability and Well-being" on May 4. The discussion would be based on a study commissioned by ADB on the said subject.

Besides, a meeting of ADB, G-20 Presidency and IMF would be held to discuss "Reform of the International Monetary System."

"This will be followed by SAARC Finance Ministers' meeting, which will discuss the decisions taken in the last SAARC finance ministers' Meeting held in August 2010 in Thimpu, Bhutan," it added.

A draft agreement on promotion of investment is also likely to be discussed. The Finance Minister will also attend the joint meeting of ADB, IMF, Japanese ASEAN and French G-20 regarding reform in the International Monetary Fund (IMF).

The finance minister will also attend the opening session of the Board of Governors of ADB, which will be followed by Governors' Round Table meeting on 'Managing Inflation and Capital Flows'.

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