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Asian infrastructure bill continues to grow, says ADB president

Asia will now need more than US$8t in the decade to 2020
Saturday, October 15, 2016 - 05:50

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Referring to the number of multilateral development banks in play, Mr Nakao dismisses the notion that Asia is "over-banked", saying that the sums needed to build infrastructure are astronomical.

Tokyo

BACK in 2009, the Asian Development Bank (ADB) suggested in a report that Asia would need to spend US$8 trillion on infrastructure in the decade up to 2020.

With still four years to go to 2020, the ADB president is now saying that the figure needs an upward revision - and

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