US Treasury’s Bessent urges Asian Development Bank to move towards ending China loans

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WASHINGTON, April 26 — US Treasury Secretary Scott Bessent urged Asian Development Bank President Masato Kanda to take c...

During a bilateral meeting, Bessent also emphasised the need for an “all-of-the-above energy strategy” and exchanged views with Kanda on financing civilian nuclear energy.“Secretary Bessent urged President Kanda to take concrete steps towards putting China on a clear path to graduation from ADB borrowing and emphasized the value of the Bank’s work on procurement practices based on best value,” the Treasury said in a statement.

WASHINGTON, April 26 — US Treasury Secretary Scott Bessent urged Asian Development Bank President Masato Kanda to take concrete steps towards ending loans to China, the Treasury said on yesterday.

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Category: EconomyBusiness

Markets: MalaysiaChina

Topics: Us china trade war

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-26 @ 11:13:44 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

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News ID: 28212867

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