ADB to extend $10b funding to Indonesia over five years

Posted by & filed under Deals & Investment

The President of the Asian Development Bank (ADB), Takehiko Nakao on Friday met with President of Indonesia Joko Widodo and discussed areas of future cooperation. At the meeting, Nakao announced that ADB will boost lending to the country from $740 million annually from 2010 to 2014, to as much as $2 billion a year, or $10 billion over the next 5 years, using its expanded lending capacity.

ADB appoints Diwakar Gupta, Bambang Susantono as new VPs

Posted by & filed under People

Manila-based Asian Development Bank (ADB) has appointed two new vice presidents, Diwakar Gupta for private sector and co-financing operations, and Bambang Susantono for knowledge management and sustainable development. Gupta who replaces Lakshmi Venkatachalam, is a former managing director and chief financial officer of the State Bank of India, where he… Read more »