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20180612 Future of Asia infrastructure panel

From left, Stephen Groff of the Asian Development Bank; Joachim von Amsberg of the Asian Infrastructure Investment Bank; Yuri Sato of the Japan External Trade Organization; and Masumi Kakinoki of Marubeni speak about infrastructure on June 12. (Photo by Maho Obata)

AKANE OKUTSU and NIKKI SUN, Nikkei Staff Writers

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.

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