New Development Bank begins business today


MANILA, PHILIPPINES: Asian Development Bank’s President Takehiko Nakao said on Tuesday that on the occasion of the New Development Bank (NDB) opening its doors for business today, we congratulate its founding members as well as President KV Kamath, its management, and staff.

In a statement, Nakao said: “We look forward to working with this new member of the global family of multilateral development banks in areas of common interest in Asia and Pacific, including possible cofinancing for infrastructure and projects promoting sustainable development, utilizing our long experience and expertise in the region.”