Yokohama šC Speedier investment and stronger cooperation with the private sector are key for the Asian Development Bank to continue supporting further growth in the Asia-Pacific region, the bank¡¯s president, Takehiko Nakao, said.
¡°We should make our (financing) system faster or more responsive to countries¡¯ needs,¡± Nakao told a news conference Sunday during the international bank¡¯s 50th annual meeting at Pacifico Yokohama. ¡°We are now implementing procurement reforms. And our human resources should be further strengthened.¡±
The ADB has been criticized for slow decision-making on loans compared with the Asian Infrastructure Investment Bank (AIIB), a China-led investment counterpart often referred to as the ADB¡¯s rival.
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