PHILIPPINES-ECONOMY-ADB

Asian Development Bank (ADB) president Takehiko Nakao addresses the foreign correspondents in the Philippines on Asia's economic growth prospects during a press conference in Manila on November 26, 2014. Nakao said that the ADB, the region's multilateral economic aid agency, was ready to collaborate with the proposed infrastructure lender, Asian Infrastructure Investment Bank (AIIB) being set up by China. The AIIB is seen as a potential rival to existing Western- and Japanese-dominated institutions such as the World Bank and the ADB, which is based in Manila. But Nakao said the ADB was too large and established to be undermined by the proposed AIIB. AFP PHOTO/NOEL CELIS (Photo by Noel CELIS / AFP) (Photo by NOEL CELIS/AFP via Getty Images)
Asian Development Bank (ADB) president Takehiko Nakao addresses the foreign correspondents in the Philippines on Asia's economic growth prospects during a press conference in Manila on November 26, 2014. Nakao said that the ADB, the region's multilateral economic aid agency, was ready to collaborate with the proposed infrastructure lender, Asian Infrastructure Investment Bank (AIIB) being set up by China. The AIIB is seen as a potential rival to existing Western- and Japanese-dominated institutions such as the World Bank and the ADB, which is based in Manila. But Nakao said the ADB was too large and established to be undermined by the proposed AIIB. AFP PHOTO/NOEL CELIS (Photo by Noel CELIS / AFP) (Photo by NOEL CELIS/AFP via Getty Images)
PHILIPPINES-ECONOMY-ADB
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Credit:
NOEL CELIS / Stringer
Editorial #:
459595924
Collection:
AFP
Date created:
November 26, 2014
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Source:
AFP
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AFP
Object name:
Hkg10123239
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