Friday, March 13, 2015

Nakao's 'innovative' approach to 'do more' for Asia-Pacific | Devex

Nakao's 'innovative' approach to 'do more' for Asia-Pacific | Devex: "“Unless we have a certain lending capacity, ADB's relevance will be limited. So from the beginning of my presidency, we started thinking [of] how we can increase our lending capacity,” Nakao told Devex in an exclusive interview. “Unless we increase our lending capacity, which is in line with the infrastructure planning and the increasing size of the Asian economy, we cannot remain relevant to Asia.”

If approved by the bank’s board of governors, ADB’s two main financial instruments will be merged by January 2017. With the addition of ADF’s more than $34 billion envelope, the merge will triple the bank’s current OCR equity from $18 billion to $53 billion. It will also increase the bank’s lending operations more than 38 percent, from $13 billion to $18 billion — which basically means more development funds can be loaned to developing member countries."



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