ADB sees no drop in lending despite crisis

Thursday, October 09, 2008 MANILA: The Asian Development Bank (ADB) does not expect any slowdown in lending to developing nations despite a deepening credit crisis that will likely put a damper on global growth, a senior official said on Wednesday. But member countries would likely demand greater accountability in the bank’s lending policies as the financial turmoil deepens, Rajat Nag, ADB managing director general told Reuters. “I don’t think we are at all, at this point, talking about reducing our assistance to anybody,” Nag said on the sidelines of a business forum. “As a matter of fact, our countries will probably need more assistance, and if they do we... [read full story]