ADB Can Raise Country Lending to $20B-$40B
The Asian Development Bank (ADB) urged Asia-Pacific economies to boost the productivity of their investment in human and natural resources and said the bank is in a position to help them put in place infrastructure that incorporates both climate change resilience and inclusion of lower-income groups in the growth process.
Such move will allow the Asian lender to increase its financing commitments to countries to up to $20 billion, and if leveraged one to one with co-financing, up to $40 billion, according to a new annual review from Independent Evaluation at the ADB.
Source: The Manila Times