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Asian Wealth Leading to ADB Overhaul

Wednesday, May 02, 2007 11:15:04 PM
By HANS GREIMEL

TOKYO (AP) - Perhaps the Asian Development Bank is doing its job a little too well.

With the vast majority of Asia projected to escape poverty in 15 years, a development bank chartered four decades ago to end poverty is now struggling to stay relevant.

Moreover, the breakneck economic development that the bank helped spur with its loans has unleashed a wave of environmental woes the bank is now trying to reverse.


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