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ADB operations hit record $31.5b in 2016

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KABUL (Pajhwok): Asian Development Bank (ADB) on Sunday said its operations for Asia and the Pacific reached an all-time high of $31.5 billion in 2016,

The Manila-headquartered bank said its operations in the outgoing year went up by 17% from $26.9 billion in 2015. ADB loans, grants, technical assistance, and co-financing have been growing steadily.

ADB President Takehiko Nakao said in a statement: “The increase in our development financing to Asia and the Pacific is reflective of our strong commitment to . . .

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