Asian Development Bank to Maintain Lending Support

The Asian Development Bank on Sunday vowed to maintain its current lending level to support economic development in Asia, a region expected to continue to see robust growth.

“We will maintain the lending level of around $10 billion a year, and maintain approximately $2 billion a year over the next three years for India,” the ADB’s largest borrower, ADB President Takehiko Nakao said at a press conference as the ADB wrapped up its two-day annual meeting in Greater Noida on the outskirts of New Delhi.

Finance leaders and delegates from the 67 ADB member countries gathered for the meeting and explored ways to deal with issues such as poverty reduction, education and gender equity in the region.

Nakao also stressed the need to accelerate infrastructure building and regional integration to boost economic growth.

The ADB president also said he was “impressed” by the fact that some regions in Asia are seeking to develop sustainable, green energy systems, and vowed the Manila-based financial institution will offer more support for improving the energy situation in Asia.

via Mainichi

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