Asian Development Bank’s new lending and grant operations in 2018 grew to a record $US21.6 billion an increase of nearly 10 percent from $US19.7 billion the previous year.
This was highlighted by ADB President, Takehiko Nakao at the ADB Annual Meeting that is being held in Denarau, Nadi.
Nakao says compared to $US13.9 billion in 2013 when he became president this is an increase of 55 percent.
He says that going forward he is of the view that ADB should intensify its focus on quality and innovation in their operations while maintaining moderate volume growth.
Nakao says that in 2018 ADB published a number of knowledge exchange forums on clean energy, sustainable transport, water, climate actions and digital transformations.
He adds that they are also continuing efforts to incorporate innovative ideas and advanced technologies into their projects and programmes.
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