Asian Development Bank to Host 2027 Finance in Common Summit in Thailand
The Asian Development Bank (ADB) will co-host the sixth Finance in Common Summit (FiCS) in Bangkok, Thailand, from March 31 to April 2, 2027. This marks the first time the summit will be held in Asia. The event will gather over 500 public development banks and their stakeholders, who collectively manage approximately $23 trillion in assets. The summit's theme is 'Delivering Sustainable Growth for a More Resilient Future.' ADB President Masato Kanda emphasized the critical role of public development banks in addressing global challenges, particularly in a fragmenting international system with rising needs. The summit aims to mobilize financial strength and resolve to shape the security and opportunity of billions of people. The Finance in Common initiative, launched in 2020, serves as a global forum for public development banks, coordinating investment, strengthening common practices, and advocating for these institutions in international economic discussions. Its members invest around $2.5 trillion annuall...
