2006-04-21 Newsarticle
Government: Asian Development Bank (ADB)

ADB Operations Jump to US$ 7.4 Billion in 2005

Manila, Philippines - The volume of ADB's operations in 2005 increased by 30% from the previous year to US$7.4 billion, according to the ADB Annual Report 2005 released ahead of the 39th Annual Meeting to be held on 3-6 May in Hyderabad, India.

With $5.8 billion approved for 64 projects, lending made up 78% of total operations. Grants approved sharply increased from $104.4 million in 2004 to $1.2 billion in 2005, with almost half the amount from the Asian Tsunami Fund and another $80 million...

Source: Asian Development Bank (ADB)

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Posted by rjorr at April 22, 2006 5:00 PM