Kanda says lender to deliver “fast-disbursing budget support” to secure import of essential goods including oil
- ADB says expanding emergency support amid Mideast conflict.
- Lender closely monitoring global market developments, says Kanda.
- ADB president says has ample resources to safeguard operations.
MANILA: The Asian Development Bank (ADB) on Tuesday announced a financial support package to help developing member countries mitigate the economic and financial impacts of the Middle East conflict.
In a statement, ADB President Masato Kanda said the lender would deliver “fast-disbursing budget support and trade and supply chain finance to secure the import of essential goods, now including oil”.