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The Asian Development Bank approved the net allocable income

news agency wam , 6 May 2024 - 17:05

The Asian Development Bank (ADB) announced that it has approved its 2023 financial statements and the allocation of net income of $1.42 billion from its regular capital resources.


According to Amac News: The Asian Development Bank published a report saying that the approved figure is the highest figure in the history of this bank.
In the report of the Asian Development Bank, the allocable net profit of 2023 will be allocated as follows:
$1.005 billion to ADB's regular reserves to support the bank's capital growth, $292.5 million to the Asian Development Fund to help the poorest member countries, $110 million to the Special Technical Assistance Fund, and $15 million to the Ocean Disaster Response Fund Aram is assigned to Asia.
 


Story Code: 448

News Link :
https://www.amacnews.com/en/news/448/the-asian-development-bank-approved-the-net-allocable-income

AMAC
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