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ADB to Boost Loans for Asian Countries

The loans may up to between US$13 billion and US$25 billion.

Jum'at, 24 April 2009, 15:37 WIB
Heri Susanto, Nur Farida Ahniar
Finance Minister, Sri Mulyani (ANTARA/Fanny Octavianus)

VIVAnews - The Asian Development Bank (ADB) has a potential to significantly increase loans for Asian countries up to US$13-25 billion.

The loan increase is going to be one of the focuses discussed in ADB's annual meeting in Bali which will be held early in May.

The increase in loans is a consequence from the deal that will be cemented in the Bali meeting. The capital increase will be funded by ADB large stockholders including Indonesia.

"ADB will bring up its capacity in detecting the Asian countries which are affected by the crisis," said Finance Minister Sri Mulyani Indrawati in Jakarta on Friday, April 24.

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Translated by: Ariyantri E. Tarman



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