Peoples statement on the 40th ADB AGM, Kyoto- 7 May 2007.
As the 40th Annual Governors Meeting (AGM) of the Asian Development Bank (ADB) concludes in Kyoto today, we, representatives from communities and civil society organisations from more than 20 countries reiterate our rejection of the institution. As in the past, deliberations in this AGM among the ADB's most senior leadership were business as usual. The ADB plans to continue to aggressively promote neoliberal economic policies on the people of the Asia Pacific region and facilitate profitable investments for its shareholders and private capital. This is unacceptable to us. The ADB has no place in our vision for economic and social well-being in the Asia-Pacific region based on democracy, ecological sustainability and genuine cooperation among our peoples and governments.
We have come together with Japanese friends as the Peoples Forum on the ADB in Kyoto. But we recognize that the frontlines of the battle against the ADB and its destructive development model are not ADB AGMs. Communities are challenging the ADB across the Asia Pacific region: in Phulbari (Bangladesh), in Mae Moh (Thailand), in Manila (Philippines), in Chattisgarh and Kerala (India), in Melamchi (Nepal) in Chashma and Rawalpindi (Pakistan), in Colombo- Matara (Sri Lanka) and Phnom Penh (Cambodia). This is where the real struggles for people-friendly, sustainable development are rooted.