ADB Eyes Hike in Lending Amid Crisis

The Asian Development Bank will bolster its lending by some USD10 billion in the next two to three years to assist the region in coping with the global financial crisis, ADB President Haruhiko Kuroda revealed. For 2009, the increase will amount to about USD4 billion to USD5 billion, Kuroda added. Donors of the regional lender are expected to ratify a 200 percent capital hike this month,

reported.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.