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ADB President Takehiko Nakao calls for cooperation and regional stability at the opening of the ADB's 50th annual meeting in Yokohama on May 4. (Photo by Kosaku Mimura)
ADB Annual Meeting 2017

ADB chief: AIIB can be partner in filling Asia's infrastructure gap

Massive funding needs are an opportunity for cooperation, Nakao says

MIKHAIL FLORES, Nikkei staff writer | Japan

YOKOHAMA, Japan -- Multilateral lenders such as the Asian Development Bank and the Asia Infrastructure Investment Bank must work together to address the region's massive infrastructure needs and ensure further growth, ADB President Takehiko Nakao said.

"We don't need to regard the AIIB as a kind of rival, because there is a very large need to finance, so we can cooperate," Nakao said on May 4 at the opening news conference of the ADB's 50th annual meeting, in Yokohama.

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