58th Annual Meeting of the Asian Development Bank in Milan

Current Context: The 58th Annual Meeting of the Asian Development Bank (ADB) is taking place in Milan, Italy, from May 4 to May 7, 2025.

This is the first time Italy is hosting the event, and the theme is "Sharing Experience, Building Tomorrow".

Key highlights:

Finance Minister Nirmala Sitharaman is leading the Indian delegation, which includes officials from the Department of Economic Affairs, Ministry of Finance.
She will participate in major sessions like the Governors' Business Session, Plenary Session, and the ADB Governors' Seminar on "Cross-Border Collaboration for Future Resilience".
On the sidelines, she will hold bilateral meetings with finance ministers from Italy, Japan, and Bhutan, as well as discussions with the President of ADB, IFAD, and JBIC.
The event features discussions on globalization, sustainable development, and economic resilience.
ADB announced plans to expand food security funding to $40 billion by 2030 and scale up private sector financing to $13 billion annually.

Question:

Q.1 Where is the 58th Annual Meeting of the Asian Development Bank (ADB) being held in 2025?
a) Tokyo, Japan
b) New Delhi, India
c) Milan, Italy
d) Bangkok, Thailand

Answer: c) This is the first time Italy is hosting the ADB annual meeting, held from May 4 to 7, 2025, in Milan.