Asian Development Bank (ADB)
ADB appoints new chief economist
The Asian Development Bank has appointed Dr. Arvind Panagariya, Professor of Economics at Maryland University in the United States, as Chief Economist. Professor Panagariya will take up the position in early April 2001.
Vietnam's bad and overdue debts 11.7% of loans
Vietnam's "bad, overdue and uncollectible debts," now total 11.7% of the country's total outstanding loans, central bank governor Le Duc Thuy said Wednesday.