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.
