MANILA, May 8 (Xinhua) -- The Asian Development Bank (ADB) on Friday announced it will mobilize 30 billion U.S. dollars by 2030 to help the Association of Southeast Asian Nations (ASEAN) advance long-term development priorities and withstand external shocks.
ADB President Masato Kanda announced the commitment during his attendance at the 48th ASEAN Summit in Cebu, the Philippines.
"ASEAN has clear priorities and strong ambitions, but the challenge now is delivery, especially as the region faces a period of compounding crises, from geopolitical uncertainty to economic shocks," Kanda said.
"As the region's main bank, ADB is channeling financing, expertise and a pipeline of public and private sector investments to directly support ASEAN's priorities and deliver lasting benefits for people across the region," he added. ■
