Are the World's Institution Lenders Ready to Reform? (2/2)
As a result, loans from the Asian Development Bank are unnecessary. Yet, Mister de Tray says there is a small group of countries in Asia still developing, including Laos and Cambodia. These countries will continue to need assistance from the Asian Development Bank.
He says the African Development Bank is in the middle of a continent that will need development aid for years to come. Some countries have gained success. But many others are still trying to create continued development that does not harm the environment. The African Development Bank is doing a better job serving its member countries, Mister De Tray says. But, he believes the bank still has a long way to go to reach a level of success.
Mister De Tray thinks that reforms needed within all of the world's international banks are related. And, over the next year, he predicts a debate about how the system works.