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Madrid, Spain

May 5, 2008

Asian Development Bank rejects charges its lending practices neglect poorest countries

“Asian policy-makers aren't dumb: Who would turn down cheap, subsidized AAA-rated financing backed by the U.S. and Japan?”

MADRID, Spain : The Asian Development Bank fended off criticism that it is neglecting the region's poorest countries by lending heavily to cash-rich emerging powerhouses like China and India. via International Herald Tribune

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