Approximately 3,000 government officials, business leaders, academics and journalists, among others are in Baku, Azerbaijan, for the 48th annual meeting of the Asian Development Bank's (ADB) Board of Governors, which runs through Tuesday.

The meeting's theme is "Fostering Partnership for Development." The delegates are expected to discuss issues tied to leveraging resources and creating and maintaining partnerships with ADB, its members and other partners.

The conference also is tackling the impending expiration of the Millennium Development Goals at the end of this year. Delegates are expected to discuss and negotiate new global accords on Sustainable Development Goals, as well as financing for developments, disaster-risk resilience and climate change. 

International Monetary Fund representatives are expected to co-host a panel on financial-sector development.