New Delhi, September 29
The Asian Development Bank (ADB) on Friday said it has approved capital management reforms that would unlock $100 billion in funds over the next decade.
“The Asian Development Bank (ADB) today approved capital management reforms that unlock $100 billion in new funding capacity over the next decade to address the region’s overlapping, simultaneous crises,” the ADB said.
The reforms were introduced through an update of ADB’s Capital Adequacy Framework (CAF) and several other initiatives it did not mention. The break-up was of a $10 billion increase out of its claimed $100 billion increase.
The Tribune News Service brings you the latest news, analysis and insights from the region, India and around the world. Follow the Tribune News Service for a wide-ranging coverage of events as they unfold, with perspective and clarity.
Join Whatsapp Channel of The Tribune for latest updates.
Most Read In 24 Hours
Don't Miss
View All
Top News
ED can’t arrest PMLA accused without court’s nod after filing of complaint, rules Supreme Court
The verdict comes on a petition filed by one Tarsem Lal chal...
Bodies of retired general manager of Mumbai Air Traffic Control, wife retrieved from car; death toll in Mumbai hoarding collapse rises to 16
The bodies, which were in a 'decomposed state', are taken to...
Arvind Kejriwal avoids question on Swati Maliwal controversy
At a press conference with Akhilesh Yadav here on Thursday, ...
