SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Chidambaram urges ADB to double annual lending cap to $20 billion

06 May 2014 Evaluate

Finance Minister P Chidambaram has urged the Asian Development Bank (ADB) to increase its annual lending capacity to $20 billion in the next ten years, in order to meet the development needs of the member-countries. Over the past three years, annual lending capacity of ADB under Ordinary Capital Resources (OCR) has been hovering around $10-11 billion.

Chidambaram highlighted that development needs of the members are quite large and growing; therefore the ADB should be sufficiently resourced to assist its members to address challenges like fighting poverty or developing infrastructure. He also requested the members to give this issue a serious consideration and quickly come to an agreement for increasing the annual lending capacity of ADB to $20 billion in the next 10 years.

Further, Finance Minister added that the Sustainable Level of Lending (SLL) should be increased by adopting a comprehensive strategy of augmenting income and reducing expenses. Stagnant or declining disbursements coupled with rising administrative expenses and are the main reasons behind sharp decline of SLL from $11 billion projected earlier. Actual administrative expenses have been growing at over 10 per cent per annum, while disbursements have averaged only around $6.5 billion. On increasing the SLL limit, Chidambaram said that fundamental solution for enhancing the SLL to a more meaningful level lies in increasing the capital stock of the bank and shareholders need to periodically contribute to the capital to help the bank discharge its responsibilities.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×