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December 2018
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Friday, 28 April 2017 20:00

Lending hits record high in the 50-year history

Lending hits record high in the 50-year history

The Asian Development Bank’s (ADB) annual operations exceeded the $30 billion mark for the first time in its 50-year history last year as regional demand for development finance and knowledge — particularly on infrastructure — continues to grow, according to the bank’s 2016 Annual Report (AR). ADB’s total lending in 2016, including cofinancing, reached $31.70 billion — an 18% increase from 2015, according to the annual report, Caspian Energy News (www.caspianenergy.net) reports with reference to the press statement of ADB.

More details: https://www.adb.org/news/adb-lending-hits-record-high-its-50th-year-infrastructure-demand-rises

Person in charge of the newsline: Jeyhun Bayramov

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