Address - opening session of the Board of Governors of the Asian Development Bank
· Fabio Panetta, Governor of the Banca d'Italia (Italy)
Summary written by Dark Majestic in its own words · topics: trade, fragmentation and geopolitics, development and emerging economies
FP · Fabio Panetta Wiki · Banca d'Italia WikiAddress - opening session of the Board of Governors of the Asian Development BankContextAddress by Fabio Panetta, Governor of the Bank of Italy, at the Asian Development Bank 58th Annual Meeting, Milan, 5 May 2025.
Why it mattersItaly's governor warns that rising conflicts could reverse decades of development gains in Asia.
Problems raised- Geopolitical tensions threaten development gains.
- Conflicts are rising.
- Progress could reverse.
Solutions proposed- Choose cooperation over conflict.
- Keep openness over barriers.
- Support the Asian Development Bank's work.
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