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Economy

ADB chief sees 'even bigger role' for multilateral lenders

Besides funding infrastructure, tackling climate change is on the agenda

Takehiko Nakao

MANILA Asian Development Bank President Takehiko Nakao sees three key ways in which the institution has paved the way for the region's economic emergence. He sat down with The Nikkei to talk about the lender's five-decade track record and what the future holds.

How has the ADB contributed to Asia's economic development? The bank has played three roles. First, it has provided financing and expertise for infrastructure development and other projects. Around the time when the ADB was set up, Asian countries suffered a shortage of financing. We have been channeling money -- not just contributions from the ADB shareholding countries but funds raised in the capital markets of developed countries by issuing bonds -- into Asia.

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