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ADB, World Bank sign 3 bln USD agreement to boost lending capacity in Asia-Pacific
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ADB, World Bank sign 3 bln USD agreement to boost lending capacity in Asia-Pacific
MANILA, Oct 20: The Asian Development Bank (ADB) on Monday said it has signed a 3-billion-U.S.-dollar sovereign exposure exchange agreement (EEA) with the World Bank to increase the ADB’s lending capacity for its developing members. The agreement is the ADB’s first EEA with the World Bank and its sixth EEA with other multilateral development banks (MDBs) since 2020, bringing the cumulative exchanged amount to 9 billion dollars, the Manila-based …
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