Asian Development Bank President Takehiko Nakao resigns
Tuesday, September 17, 2019, 7:31 PM
Asian Development Bank (ADB) on Tuesday said its President Takehiko Nakao has announced his resignation which will be effective from January 16 next year. He became the President of ADB on April 28, 2013. Takehiko also emphasized ADB must continue to be an important centre for fostering cooperation and friendship among countries, said Manila-headquartered multi-lateral funding agency.
India biggest recipient of funds from ADB last year
Thursday, May 2, 2019, 8:25 PM
India was the biggest recipient of funds from Asian Development Bank last year and would continue to get sovereign loans in excess of USD 3 billion in 2019 as well, the bank's President Takehiko Nakao said. The multilateral funding institution committed USD 3 billion in sovereign loans to India in 2018, the highest-level of assistance since sovereign operations began in the country in 1986.