The Inter-American Development Bank established an April deadline for proposals of bank executives to increase the regional lender's capital amid the global economic slowdown,

reported. The bank is looking at scaling up its resources to USD280 billion from the current USD101 billion as it anticipates some 20 billion in loan requests this year, a sharp rise from an annual average of USD7 billion in the last five years.

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.