Philippines, Feb. 17 -- The Asian Development Bank (ADB) approved a plan to scale up its operations by 50% over the next decade, leveraging its existing capital base to enhance its development impact across Asia and the Pacific.The Capital Utilization Plan (CUP) outlines a pathway for increasing ADB's annual financing commitments from $24 billion in 2024 to exceed $36 billion by 2034. This expanded financing will bolster ADB's developing member countries' (DMCs) efforts to address critical development priorities in the region. The CUP represents the next step in ADB's ongoing evolution. It builds on capital management reforms in 2023 that significantly increased ADB's financing capacity, and on last year's update of its corporate strategy t...