ADB lends US$5.3 billion to developing member countries in 2001 to promote growth and reduce poverty.

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M2 PRESSWIRE-24 April 2002-ADB: ADB lends US$5.3 billion to developing member countries in 2001 to promote growth and reduce poverty (C)1994-2002 M2 COMMUNICATIONS LTD RDATE:25042002 MANILA, PHILIPPINES -- The Asian Development Bank (ADB) lent US$5.34 billion to 22 of its developing member countries (DMCs) in Asia and the Pacific in 2001 to help promote economic growth and reduce poverty, according to ADB's Annual Report 2001 released today.

India received the largest loan amount (US$1.5 billion or 28 of total lending), which includes a US$500 million emergency funding for the rehabilitation and reconstruction of earthquake-damaged Gujarat State. Other major borrowers include the People's Republic of China (PRC) (US$997 million), Pakistan (US$956.8...