ASIAN BANK
Ratification Nigh (N.Z.P. A.-Reuter—Copyright) NEW YORK, Aug. 21. Eight nations have deposited instruments of ratification of the agreement setting up the Asian Development Bank with the SecretaryGeneral, U Thant. This brings the total of ratifications to 14. When one more is received, the bank, whose basic task is to foster regional economic growth and co-operation, will formally come into existence. Afghanistan is expected to ratify the charter soon. The bank’s authorised capital of 1000 million dollars, including 650 million dollars from Asian States, has been over-subscribed.
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Bibliographic details
Press, Volume CVI, Issue 31144, 22 August 1966, Page 11
Word Count
88ASIAN BANK Press, Volume CVI, Issue 31144, 22 August 1966, Page 11
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