• Short Summary

    The Asian development bank Thursday (26/4) expanded its membership to burma as it geared itself to play a leading role in developing the region in the Post-Zietnam War era.

  • Description

    The Asian development bank Thursday (26/4) expanded its membership to burma as it geared itself to play a leading role in developing the region in the Post-Zietnam War era.

    The ADB Borad of Governors yesterday opened its sixth annual meeting and voted to admit burma, which will subscribe 20 million U.S. dollars (about eight million sterling) to the capital stock of the bank, as the 39th member country.

    Philippine president Ferdinand Marcos, addressing the opening ceremony of the three-day meeting, called on the bank to help developing nations confront and dominate "grievous and persistent" problems which included the problem posed by international currency alignments. Mr. Marcos also declared that Asia's problems could be solved only with boldness, innovation and a common approach.

    President Marcos also urged the bank to expand the resources and operations of its special fund account, with the affluent member countries participating in making the expansion possible "through more generous contribution."

  • Tags

  • Data

    Film ID:
    VLVADQLE2KOS14YMLCKSM2YI6R9B9
    Media URN:
    VLVADQLE2KOS14YMLCKSM2YI6R9B9
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    26/04/1973
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:00:56:00
    Time in/Out:
    /
    Canister:
    N/A

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