ADB, WB to improve ties

ADB, WB to improve ties

MANILA (AFP): The Asian Development Bank (ADB) and the World Bank are looking at a series of proposals aimed at boosting cooperation between the two multilateral institutions, the ADB said in a statement here on Friday.

Among these measures are annual meetings between senior management teams of the two banks to review their cooperation and consider joint initiatives and areas of collaboration, the ADB said in a statement from its headquarters in the Philippine capital.

World Bank country directors and ADB program and project directors are also considering holding annual meetings for review of country programs and discussions on the countries.

Regular consultation may also be held between senior management of the World Bank and the ADB to be followed by joint reports to the staff of both institutions, the statement added.