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ADB steps up lending operations to help meet massive infrastructure challenge

Wednesday, April 26, 2017 - 05:50

A recent report from the ADB said that the Asia Pacific region will need to spend US$1.5 trillion a year on providing basic infrastructure such as power, transport and communications if it is to sustain economic growth and reduce poverty.


LENDING last year by the Asian Development Bank exceeded US$30 billion for the first time in the bank's 50-year history, as regional demand for infrastructure and other development funding continued to mount, the Manila-based ADB announced Tuesday in its latest annual report.

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