Jakarta: The Asian Development Bank (ADB) pledged up to $1 billion of emergency assistance fund to support Indonesia’s immediate budgetary needs and reconstruction efforts in areas affected by earthquakes and tsunami on Sulawesi Island. The ADB assistance fund pledge was conveyed by the bank’s President Takehiko Nakao in presence of[Read More…]
Tag: Asian Development Bank
India urges ADB to focus on West Asia, South Asia
New Delhi: India has urged the Asian Development Bank (ADB) to focus more on the West and South Asia regions after successful East Asia interventions by the multilateral lender and has said there is no case for increasing the cost of its loan instruments as it has no capital deficiency,[Read More…]