The MDB of Asia Which Direction

Mukul G Asher This article examines the role, especially concerning the financing aspects, which the ADB has played and is likely to play in the economic growth of its developing member countries. Such an examination is of special relevance in view of the fragility of the current international financial system, the hardening of the attitudes in the developed countries concerning multilateral aid in general and provision of financing for the multilateral development banks, in particular, the general stalemate in the North-South dialogue, and the urgent need to fill gaps in development financing.