ADB congratulates New Development Bank on new office

 THE New Development Bank has opened its door for services yesterday in Manila, Philippines.

In congratulating the new bank, the Asian Development Bank said it was looking forward to working with it to deliver banking services in the Asia Pacific region.

“On the occasion of the New Development Bank opening its doors for business, we congratulate its founding members as well as president K.V. Kamath, its management, and staff,” ADB said in a statement. 

“We look forward to working with this new member of the global family of multilateral development banks in areas of common interest in Asia and Pacific, including possible co-financing for infrastructure and projects promoting sustainable development, utilising our long experience and expertise in the region.”