The Asian Development Bank (ADB) said Thursday the proposed merger of its two financing sources-the Asian Development Fund (ADF) and Ordinary Capital Resources (OCR) - will not make its borrowing costlier.
"ADB will be combining two ADB financing sources, called the ADF and OCR. Following the combination of the financing sources, borrowing will not become costlier," said a clarification issued by Senior External Relations Officer of the ADB's Bangladesh Resident Mission, Gobinda Bar.
Borrowers will continue to enjoy the same terms and conditions as they did previously, whether they were borrowing from ADF or from OCR, it said.
Rather, the combination of ADF and OCR will increase ADB's capacity to leverage its resources and therefore allow it to boost its lending capacity, it added.
The ADB clarified its position following a report published in the April 30, 2015 issue of the Financial Express (FE) titled 'ADB's new policy to make borrowing costlier for BD'.
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ADF-OCR merger won\\\'t make lending costlier, says ADB
FE Report | Published: May 01, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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