May 4, 2015
ADB’s Merger Means ‘Big Gains for Development’
Good news from the Asian Development Bank's annual meetings in Baku, Azerbaijan this past weekend, where shareholders approved a plan to almost double the amount of financing available to developing countries. Bank president Takehiko Nakao's proposal to merge the ADB's concessional and non-concessional lending was nearly two years in the making. His persistence - and that of his team - shows that creative thinking and a bold approach to engaging with shareholders can yield big gains for development.
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