Dhaka, Feb. 19 -- The Asian Development Bank (ADB) approved a plan to scale up its operations by 50 percent 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 US$24 billion in 2024 to exceed US$36 billion by 2034.

This expanded financing will bolster ADB's developing member countries' (DMCs) efforts to address critical development priorities in the region, said an ADB press release here on Tuesday.

"This dynamic plan responds to the changing needs of our region and strengthens the transformative impact of ADB's work, improving the lives of people and safeguar...