Infrastructure spending is ramping up fast across Asia, and multilateral lenders are playing a crucial role.
Loans from institutions including the Asian Development Bank and the China-backed Asian Infrastructure Investment Bank are helping drive a $1.7 trillion per year infrastructure boom in the region. But the ADB estimates this still leaves a shortfall of $900 billion a year and the private sector will have to help bridge the gap.
Among the multilateral institutions looking to work with the private sector is the Shanghai-headquartered New Development Bank NDB, created by the Brics bloc of countries Brazil, Russia, India, China and South Africa in 2015.
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