ADB’s Capital Reforms to Unlock $100 Billion for Asia and Pacific

ADB’s Capital Reforms to Unlock $100 Billion for Asia and Pacific

• In a significant move, the Asian Development Bank (ADB) has recently endorsed capital management reforms, unleashing a substantial $100 billion fund over the next ten years. These reforms, integrated into ADB’s updated Capital Adequacy Framework (CAF), mark a vital step in addressing the multifaceted crises and climate challenges faced by Asia and the Pacific region.

• ADB President Masatsugu Asakawa emphasized the significance of these reforms, stating that they substantially enhance ADB’s ability to support critical development initiatives across Asia and the Pacific. One of the primary focuses lies in providing concessional resources to the region’s vulnerable members, ensuring comprehensive assistance to those in need.

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Published date : 02 Oct 2023 04:09PM