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                    [Title] => ADB urges more private funds to poor countries
                    [Summary] => The Asian Development Bank (ADB) urged the private sector yesterday to spread out their investments in developing countries. 


Private sector investment flows to developing countries jumped dramatically to $300 billion in recent years from $25 billion in the early 1980’s, the Manila-based bank said. 


"But over 80 percent of such funds goes to only 12 countries, including five in Asia," Christine Wallich, head of the private sector group in ADB, told a regional conference on poverty organized by the bank. 


                    [DatePublished] => 2001-02-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
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CHRISTINE WALLICH

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                    [Title] => ADB urges more private funds to poor countries
                    [Summary] => The Asian Development Bank (ADB) urged the private sector yesterday to spread out their investments in developing countries. 


Private sector investment flows to developing countries jumped dramatically to $300 billion in recent years from $25 billion in the early 1980’s, the Manila-based bank said. 


"But over 80 percent of such funds goes to only 12 countries, including five in Asia," Christine Wallich, head of the private sector group in ADB, told a regional conference on poverty organized by the bank. 


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ADB urges more private funds to poor countries

By Christina Mendez | February 8, 2001 - 12:00am

The Asian Development Bank (ADB) urged the private sector yesterday to spread out their investments in developing countries. Private sector investment flows to developing countries jumped dramatically to $300 billion...

Business