This has been made possible with the ground breaking initiative by the Bank to merge its lending operation, the Asian Development Fund (ADF) and its Ordinary Capital Resources (OCR), boosting its total annual lending and grant to as high as US$20 billion.
The Director General of the ADB’s Pacific Department, Xianbin Yao told PACNEWS in Frankfurt the other Pacific Developing Member States (DMCs) are Federated States of Micronesia, Kiribati, Marshall Islands, Palau and Tuvalu.
