Japan bids to host 2027 ADB meeting

Japanese Finance Minister Shunichi Suzuki announced Japan’s bid to host the 60th annual ADB meeting in 2027, emphasizing Japan’s support with a ¥162 billion pledge to the Asian Development Fund.

Japanese Finance Minister Shunichi Suzuki has announced Japan’s bid to host the 60th annual meeting of the Asian Development Bank (ADB) in 2027. This declaration came during Suzuki’s speech on the final day of this year’s ADB yearly meeting held in Tbilisi, Georgia.

In his address, Suzuki emphasized Japan’s commitment to supporting the ADB’s initiatives by pledging approximately ¥162 billion to the Asian Development Fund, which assists the ADB’s low-income member countries. Japan’s last hosting of an ADB annual meeting was in Yokohama in 2017.

Highlighting Japan’s aspirations for the ADB’s continued pivotal role in regional prosperity, Suzuki expressed the desire to bring the 2027 meeting to Japan. This bid underscores Japan’s dedication to fostering cooperation and development within the Asia-Pacific region.

During this year’s ADB annual meeting, participants engaged in quadrennial discussions aimed at securing financial resources for the Asian Development Fund. Agreement was reached to secure a total of $5 billion for the four years from 2025, with half of this amount to be contributed by ADB members. Japan’s substantial pledge of 162 billion yen positions it as the leading contributor among member nations.

The forthcoming ADB annual meeting is slated to occur in Milan, Italy, in May 2025, marking a pivotal moment for global discussions on regional development and economic cooperation.

As Japan seeks to host the 2027 ADB meeting, its commitment to supporting the ADB’s mission remains steadfast, reflecting the nation’s enduring dedication to regional prosperity and sustainable development.