The ADB is concerned that wrangling over changes to the criteria – a debate that began in 2005 – could stand in the way of efforts to win shareholder approval to double or triple its capital.
People familiar with discussions on the ADB board said some shareholders had been sounded out about shelving a review that one insider described as “painful”.
Haruhiko Kuroda, ADB president, plans to meet Tim Geithner, US Treasury secretary, tomorrow to lobby for the capital increase. Ahead of his trip, Mr Kuroda told the Financial Times that he was confident ADB shareholders would agree to triple the bank's capital to $115bn, noting that most of the increase would be in guarantees rather than cash.
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