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International Business Times

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ADB Acting On US Concerns Over China, Bank Chief Tells AFP

ADB Masato Kanda China United States Asian Development Bank the Asian Development Bank Donald Trump Joe Biden The United States Economy

Asian Development Bank president Masato Kanda says he is working hard to address the concerns of the United States, one of the bank's biggest shareholders (Credit: AFP)

The Asian Development Bank was trying "very hard" to accommodate US concerns over lending to China, the bank's president told AFP, including by slashing loans to the world's second-largest economy.

Global development institutions are in Spain this week for a UN summit on financial aid for the world's poorest overshadowed by Washington's gutting of poverty and climate change programs.

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