The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Coronavirus: The Asian Development Bank prepares for an uncertain future

The ADB’s policy chief tells Euromoney the Manila multilateral is ready for the worst, but wonders what world will emerge from Covid-19, as sovereign states balk at funding needs, and commercial banks step back from funding infrastructure.

earth-question-mark-idea-780.jpg



The coronavirus will affect the face and focus of development banks and commercial lenders, undermine balance sheets and credit ratings of sovereign states, and even alter how and if multilaterals fund themselves, a top development official warns.

In an interview with Euromoney, Tomoyuki Kimura, director general in charge of strategy, policy and partnerships at the Asian Development Bank (ADB), says the scale of the financial aid to be extended to member countries due to Covid-19 “will be far greater than the support they needed at the time of the Lehman shock”.




Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree