business

May 6, 2017

Asian Development Bank’s lending hits all-time high in 2016

Surpasses $30 billion mark YOKOHAMA: The Asian Development Bank lending surpassed the $30 billion mark for the first time in 2016 on growing demand in the region for infrastructure finance, the bank said on Friday. "Co-financing operations of the ADB hit a new record in 2016, exceeding the $14 billion mark and reflecting the importance of partnerships in addressing Asia and the Pacific's continuously growing development needs," the bank's donor report highlighted. The ADB leveraged...