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Tuesday May 23rd, 2017 10:29PM

ADB hoping US will keep support for regional lender, growth

By The Associated Press
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YOKOHAMA, China (AP) — The head of the Asian Development Bank says he is hoping the U.S. will step up and support the regional lender despite President Donald Trump's avowed preference for bilateral cooperation.

ADB President Takehiko Nakao said Sunday that it "isn't really good" that the second largest shareholder in the development bank is lacking a permanent appointee to the U.S. executive directorship.

Nakao said he hoped Washington would nominate an ambassador soon.

Japan is the largest donor to the ADB and plays a leading role in its management.

Trump recently appointed Eli H. Miller, chief of staff at the Treasury Department, as acting director of both the ADB and the European Bank for Reconstruction and Development. Miller did not attend the ADB's annual meeting, which ended Sunday in this Japanese port city.

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