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Jakarta Post

Rich nations want climate change, poor want development funds

  • Riyadi Suparno

    The Jakarta Post

Jakarta   /   Tue, May 5 2009   /  09:50 am

Asian Development Bank (ADB) members from developed countries have asked the bank to channel more of its additional funding to clean projects and programs in poor member countries, while members from developing countries want faster disbursements to help restore growth in the region. Board of governor members from the Netherlands, Germany and Nordic countries, for example, told the bank Monday to use some of the additional capital to invest in new areas of interests, including climate change and clean energy. “Besides poverty reduction, we will continue to pay close attention to the ADB’s activities in the areas of climate, energy, growth, equality, gender and fragile situations,” said Kees Rade, head of the Netherlands delegation, Monday. At the meeting, the bank’s board of governors agreed to triple the bank’s capital from US$55 billion (Rp 580 trillion) to $...