ADB allots $339.4M for grants, assistance

The Asian Development Bank (ADB) will set aside $339.4 million for grants and technical assistance to low-income and developing member countries as approved during the just-concluded annual meeting of its board of governors.

In a statement, the Manila-based lender said the board had approved $690.1 million in net allocable income out of its 2017 Ordinary Capital Resources (OCR).

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