More guarantees needed for infrastructure and financial market development.

0 Comments | M2 Presswire, May, 2002

M2 PRESSWIRE-13 May 2002-ADB: More guarantees needed for infrastructure and financial market development (C)1994-2002 M2 COMMUNICATIONS LTD RDATE:05112002 SHANGHAI, PEOPLE'S REPUBLIC OF CHINA -- More guarantee instruments for financing infrastructure and capital market development projects are needed to reduce poverty in Asia.

This was stated by resource persons at a seminar on "Multilateral Guarantees: A Practical Approach" at the 35th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB). Motomichi Ikawa, Executive Vice President of the Multilateral Investment Guarantee Agency (MIGA), said Asia will receive more assistance in the form of guarantees, particularly for infrastructure projects, in the poorer countries in...