The 57th annual meeting of the Asian Development Bank has been officially opened in the Georgian capital city of Tbilisi with nearly 70 events covering connectivity, climate change, capital market development, climate change, artificial intelligence and green globalization.

The four-day event has attracted about 3,000 delegates including ADB senior management, policymakers, private sector representatives, and leading development thinkers from Asia and the Pacific.

With the theme Bridge to the Future, the event will serve as a premier platform to address key economic and development issues for the region.

The first day of the event saw the Georgia Seminar Day, which was opened by the country’s Finance Minister Lasha Khutsishvili to discuss the country’s pivotal role in connectivity, European connectivity, the Middle Corridor logistics route, creation of a regional financial technology hub in Corridor countries, local currency market development, domestic investment potential and opportunities, economic growth and more.

After the panel discussion, a memorandum of cooperation was signed between the National Bank and the global fintech company Elevandi for establishing a basis for development of financial technology industry and facilitating “effective sharing” of knowledge and experience.