Resolution No. 404 - Discontinuation of the Loan Loss Reserve and Adjustment to the Ordinary Reserve
Institutional Document | April 2020
The Board of Governors of the Asian Development Bank (ADB) adopted this resolution on 29 April 2020.
The Board of Governors resolves that the loan loss reserve be reduced by $225 million (and discontinued thereafter), and the ordinary reserve be reduced by $249 million, with both adjustments effective as of 1 January 2020.