ADB Readies Emergency Food Aid Loans to Asia: Kuroda
The ADB is set to make loans worth hundreds of millions of dollars to several Asian nations which have asked for emergency budget assistance to combat soaring food prices, ADB President Haruhiko Kuroda said on Tuesday. "A few countries have expressed their wish to seek some financial assistance from ADB," Kuroda told Reuters in an interview on the sidelines of the Asian Development Bank's annual meeting in Madrid, confirming for the first time that the Manila-based lender had received formal requests for cash.