• Short Summary

    FIVE HUNDRED AND TWENTY DELEGATES, INCLUDING TOP-RANKING, FINANCIAL AND BANKING LEADERS FROM 32 COUNTRIES AND MANY INTERNATIONAL ECONOMIC AGENCIES GATHERED IN TOKYO ON NOVEMBER 24TH FOR THREE DAY CONFERENCE TO INAUGURATE THE ASIAN DEVELOPMENT BANK WHICH OPENED AT 10 a.

  • Description

    FIVE HUNDRED AND TWENTY DELEGATES, INCLUDING TOP-RANKING, FINANCIAL AND BANKING LEADERS FROM 32 COUNTRIES AND MANY INTERNATIONAL ECONOMIC AGENCIES GATHERED IN TOKYO ON NOVEMBER 24TH FOR THREE DAY CONFERENCE TO INAUGURATE THE ASIAN DEVELOPMENT BANK WHICH OPENED AT 10 a.m. AT THE TOKYO PRINCE HOTEL. PRIME MINISTER EISAKU SATO MADE AN OPENING ADDRESS, CONGRATULATING THE ATTENDING DELEGATES ON THE ESTABLISHMENT OF THE ASIAN DEVELOPMENT BANK. MR. TAKESHI WATANABE, AN ADVISOR TO THE MINISTRY OF FINANCE OF JAPANESE GOVERNMENT AND FORMER EXECUTIVE DIRECTOR OF THE INTERNATIONAL MONETARY FUND WAS ELECTED AS THE FIRST PRESIDENT OF THE ASIAN BANK. AS STATED IN ITS CHARTER, THE BANK'S PURPOSE IS TO FINANCE DEVELOPMENT PROJECTS " WHICH WILL CONTRIBUTE MOST EFFECTIVELY TO THE HARMONIOUS GROWTH OF THE ASIAN REGION AS A WHOLE " WITH SPECIAL EMPHASIS ON SMALLER OR LESS DEVELOPED MEMBER NATIONS. BY FRIDAY, THE BANK'S BOARD OF GOVERNORS WILL ELECT A BOARD OF 10 DIRECTORS AND A PRESIDENT. THE BOARD WILL BE COMPOSED OF THE AMOUNT OF THEIR INVESTMENTS, AUSTRALIA, INDIA, THE UNITED STATES AND JAPAN WILL BECOME BOARD MEMBERS. BY PREVIOUS AGREEMENT, THE BANK'S HEADQUARTERS WILL BE IN MANILA. AMONG INTERNATIONAL AGENCIES REPRESENTED AT THE CONFERENCE ARE THE WORLD BANK, THE INTERNATIONAL MONETARY FUND AND THE AFRICAN DEVELOPMENT BANK.

  • Tags

  • Data

    Film ID:
    VLVA8NM0CQY7H3XC2P4WBLOV3HY34
    Media URN:
    VLVA8NM0CQY7H3XC2P4WBLOV3HY34
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    24/11/1966
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:04:42:00
    Time in/Out:
    /
    Canister:
    N/A

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