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The Asian Development Bank (ADB) unveiled new capital reforms on Friday that will unlock $100 billion in new financing capacity over 10 years as the lender expands its development and anti-poverty mission to tackle climate change and other global crises.The Manila-based lender said it was adjusting its ri
Asian Development Bank unlocks $100 billion in new funding to support Asia and the Pacific
They expand the bank’s annual new commitments capacity to more than $36bn
The Manila-based multilateral development bank, the Asian Development Bank (ADB), decided to expand its funds to enable it to mobilize financing to help the region face crises in the next decade. In a statement, ADB said these efforts would unlock $100 billion in new funding to help Developing Member Countries (DMCs) to overcome “overlapping, simultaneous