Milan, May 7 -- The Asian Development Bank (ADB), which backs sovereign and private sector development projects in the Asia-Pacific region, said it regretted the loss of lives amid rising India-Pakistan tensions and that stability is central to peace and prosperity.

"We are closely watching the developments in South Asia and regret the loss of life overnight. Stability is the basis for peace, development, and prosperity everywhere. Throughout its 58-year history, ADB has helped foster friendship and stability among countries in Asia and the Pacific through various regional cooperation initiatives," an ADB spokesperson said in response to a query fromMint on Wednesday.

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