Baku. Nijat Mustafayev – APA-Economics. The Asian Development Bank will increase its capital base to $165 billion from $55 billion to help boost resources for its development programmes, the bank said in a statement on Thursday.
The proposed capital boost, the fifth and by far the largest in ADB’s 43-year history, could raise its borrowing ceiling and allow it to leverage by 13 to 15 times.
The crisis response capital will finance ADB’s trade facilitation programs and support governments in the region to implement respective economic stimulus plans to prime-pump the economy.
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