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Economy

ADB shifts focus to fostering growth of middle class

Asian Development Bank President Takehiko Nakao, third from left, pushed through a proposal to integrate the Asian Development Fund into the bank's capital base at the bank's annual meeting in Astana from May 2 to May 5.

ASTANA, Kazakhstan -- The Asian Development Bank is redefining its principal mission, as healthy economic growth in many Asian countries reduces poverty sharply and expands the ranks of the middle class.

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