ADB steps up lending operations to help meet massive infrastructure challenge

Tokyo

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.

Including co-financing with public and private partners, the size of ADB operations reached US$31.7 billion in 2016 - an 18 per cent increase over the 2015 figure, according to the annual report.