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ADB remains the big lender

ADB remains the big lender

(Philippines) - The Asian Development Bank extended US$5.34 billion in loans to developing member countries last year, down 5.5 percent from 2000. The Bank approved a total of 76 loans covering 60 projects, 27 percent of which went to the transport and communications sector. A total of 72 loans were committed to the public sector.

The largest recipient, India, received 28 percent of these funds (US$1.5 billion) with China number two, receiving US$997 million, followed by Pakistan at US$956 million and Indonesia at US$500 million.

The Bank also approved 3 equity investments in the private sector totalling US$30 million and technical assistance grants of US$146 million.

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