ADB Approves Reforms For $100 Bn Funding Boost

On Friday, the Asian Development Bank (ADB) announced the approval of capital management reforms aimed at releasing USD 100 billion in funds over the course of the next ten years.

The ADB stated, "Today, the ADB greenlit capital management reforms designed to unlock USD 100 billion in fresh funding capacity over the next decade, specifically intended to tackle the concurrent crises faced by the region."

These reforms were introduced as part of an update to ADB's Capital Adequacy Framework (CAF), accompanied by various undisclosed initiatives. Notably, the USD 100 billion increase is to be broken down, with an initial USD 10 billion boost being mentioned.