IDB Boosts Aid for Crisis-Hit Nations

    The board of governors of the

    set a December 2009 deadline for the completion of technical studies on the proposed capital increase of the regional lender. The bank also committed an additional $6 billion to help nations deal with the downturn.

    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.