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Asian Development Bank to Maintain Lending Support

The Asian Development Bank on Sunday vowed to maintain its current lending level to support economic development in Asia, a region expected to continue to see robust growth.

“We will maintain the lending level of around $10 billion a year, and maintain approximately $2 billion a year over the next three years for India,” the ADB’s largest borrower, ADB President Takehiko Nakao said at a press conference as the ADB wrapped up its two-day annual meeting in Greater Noida on the outskirts of New Delhi.

Finance leaders and delegates from the 67 ADB member countries gathered for the meeting and explored ways to deal with issues such as poverty reduction, education and gender equity in the region.

Nakao also stressed the need to accelerate infrastructure building and regional integration to boost economic growth.

The ADB president also said he was “impressed” by the fact that some regions in Asia are seeking to develop sustainable, green energy systems, and vowed the Manila-based financial institution will offer more support for improving the energy situation in Asia.

via Mainichi

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Alfonso Esparza

Alfonso Esparza [5]

Senior Currency Analyst at Market Pulse [6]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

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