Question
Which of the following information is/are correct with
respect to the funding capacity of the ADB? I.The Asian Development Bank (ADB) has approved capital management reforms, which would unlock $100 billion in new funding capacity over the next decade to address the region’s overlapping and simultaneous crises. II.The reforms would expand the bank’s annual new commitments capacity to more than $36 billion — an increase of approximately $10 billion — or about 40 per cent. III.The measures will enable ADB to provide up to $ 500 billion of its own financing to its developing member countries (DMC) and private sector clients over the next decade.Solution
The Asian Development Bank (ADB) has approved capital management reforms, which would unlock $100 billion in new funding capacity over the next decade to address the region’s overlapping and simultaneous crises.The reforms would expand the bank’s annual new commitments capacity to more than $36 billion — an increase of approximately $10 billion — or about 40 per cent.The measures will enable ADB to provide up to $360 billion of its own financing to its developing member countries (DMC) and private sector clients over the next decade.
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