The Asian Development Bank on Monday said that its Board of Governors has approved a historic amendment to the ADB Charter, removing the previous lending cap and enabling a 50 percent increase in annual lending to over 36 billion U.S. dollars annually.
The Asian Development Bank (ADB) on Monday said that its Board of Governors has approved a historic amendment to the ADB Charter, removing the previous lending cap and enabling a 50 percent increase in annual lending to over 36 billion U. The ADB's Capital Utilization Plan outlines a pathway for increasing ADB's annual financing commitments from 24 billion dollars in 2024 to han 36 billion dollars by 2034.
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