
TOKYO -- Asia's two leading multilateral lenders are not competitors but rather complementary partners in a region whose funding needs are too great for any one source to fill, executives from both banks said at the Future of Asia conference on Tuesday.
"There is a huge need for infrastructure finance, so there is no means of competition," said Stephen Groff, a vice president at the Asian Development Bank, often seen as a rival to the Chinese-led Asian Infrastructure Development Bank.