Wednesday, February 25, 2009 - 11:03
The Asian Development Bank is asking its shareholders - namely, taxpayers in the U.S, Europe , Japan, China and elsewhere - to pony up between $1.9 billion and $3.4 billion in additional capital. That’s a big increase for a bank that lent out $10 billion in 2007. Will that money be spent cleanly? Funny you should ask.