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ADB to boost financial firepower, efficiency

Using leveraging to create a bigger equity base for the bank will allow annual loan commitments and grants to rise to US$20b from US$13b now.

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Asia Pacific region needs US$8 trillion this decade for infrastructure spending. Hence additional sources of finance such as the AIIB are welcome, says Mr Nakao.

FINANCIAL leveraging is the name of the game so far as Asian Development Bank president Takehiko Nakao is concerned when it comes to increasing the bank's impact on economic development in Asia, especially in the area of infrastructure. Leveraging plus "increased efficiency", as he puts it.