ADB to Boost Infrastructure Lending with AIIB (News)
Yokohama, May 7 (Jiji Press)—Asian Development Bank President Nakao Takehiko said Sunday that the bank will enhance lending for various infrastructure projects in the region in concert with the China-led Asian Infrastructure Investment Bank.
The ADB finds it important to assist projects in wide-ranging fields including climate change, education, and healthcare, Nakao said at the final session of the annual ADB conference that started in Yokohama on Thursday.
To meet huge demand for infrastructure development in this regard, the ADB will boost bilateral and multilateral concerted lending involving commercial banks and the AIIB, Nakao stressed.
Japanese Finance Minister Asō Tarō, who chaired the four-day ADB meeting, expressed hope for the Japan-led international lending agency's support for quality infrastructure projects that give consideration to both economic and environmental aspects.
"I want the ADB to continue playing a leading role in regional development," said Asō, who doubles as deputy prime minister.[Copyright The Jiji Press, Ltd.]