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Underlying global uncertainties firmly place poverty reduction at top of agenda.

Publication: M2 Presswire
Publication Date: 30-JUN-03 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-30 June 2003-ADB: Underlying global uncertainties firmly place poverty reduction at top of agenda(C)1994-2003 M2 COMMUNICATIONS LTD

RDATE:06302003

MANILA, PHILIPPINES - Despite the outbreak of the severe acute respiratory syndrome (SARS), developing Asia's economic growth prospects are still expected to be around 5% for 2003, said Asian Development Bank (ADB) President Tadao Chino in a speech delivered at ADB's 36th Annual Meeting of the Board of Governors today.

He said that Asia's "robust" performance, compared to other regions, would be based on steady growth in both domestic and export demand in most countries, as well as generally supportive macroeconomic policies. However, the President warned that the economic outlook for 2003 and beyond is highly dependent on global economic movements and is susceptible to risks associated...

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