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. Last Updated: 07/27/2016

Bank Vows Investment

FUKUOKA, Japan -- The Asian Development Bank vowed Tuesday to boost the role of the private sector and regional capital markets as it wound up a three-day meeting marking its 30th anniversary.

In his closing remarks to the annual meeting, ADB president Mitsuo Sato said many members had noted that "huge investments and a substantial additional flow of capital continue to be necessary to finance physical and social infrastructure in the region."

He said the ADB would "further attune our operations to enhance the participation of the private sector."