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The Asian Development Bank (ADB) has approved capital management reforms, which would unlock $100 billion in new funding capacity over the next decade to address the region’s overlapping and simultaneous crises.The reforms would expand the bank’s annual new commitments capacity to more than $36 billion — an increase of approximately $10 billion — or about 40 per cent.The measures will enable ADB to provide up to $360 billion of its own financing to its developing member countries (DMC) and private sector clients over the next decade.
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