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.