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Asian Development Bank Wants Balanced Growth  Updated:04 May 2009  Source: 430.html  Reporter: 吴锦雪 06 英 A

YOUR SITE HERE  The Asian Development Bank says Asia needs to balance its growth to prevent damage from future crises like the global economic slow-down. The bank has pledged to increase funds to strengthen growth.  The Asian Development Bank is holding its annual meeting in Bali, Indonesia, this week with the global economic crisis's effect on Asia at the top of the agenda.

YOUR SITE HERE  ADB President Haruhiko Kuroda told the opening session Asia needs to restructure its growth model.  The bank says Asian economies are too dependent on foreign demand and need to move away from their reliance on exports.  "Rebalancing helps us to endure the current crisis," said Jong-Wha Lee, the Manila-based lender's acting chief economist. "And, more importantly, help protect us from the future external shocks."

YOUR SITE HERE  Lee says Asian governments need to spend more on social services to encourage more domestic spending.  He says although the global financial crisis started in the United States it is rooted in global imbalances.  "Asia's excess savings and current account surpluses allowed the United States to maintain excessive household consumption and huge current account deficit," Lee said. "Asia should use its own savings more efficiently and more productively."

YOUR SITE HERE  The Asian Development Bank says Asia 's growth this year is expected to fall to 3.4 percent.  The bank predicts 60 million Asians will remain trapped in poverty and that number will rise to 160 million in  Bank president Kuroda says with strong national and regional efforts, and a mild global recovery expected, the region should bounce back to six percent growth in 2010.

YOUR SITE HERE  The Asian Development Bank says it plans to increase its capital base by 200 percent to $165 billion. The lender has also increased assistance for this year and next by $10 billion.  The extra funds are to help with the speed and efficiency of the bank's poverty alleviation efforts.

YOUR SITE HERE Words and Expressions  Asian Development Bank （ ADB) 亚洲开发银行（ “ 亚行 ” ）  Pledge 保证，许诺  current account surplus 国际收支经常项目顺差，经常账盈余  bounce back 回升，恢复过来  capital base 资本规模，资金基础  alleviation 减轻，缓和

YOUR SITE HERE Translation  The Asian Development Bank says Asia needs to balance its growth to prevent damage from future crises like the global economic slow-down. The bank has pledged to increase funds to strengthen growth.  亚洲开发银行表示，亚洲需要平衡发展经济，才能够避免将来 再发生类似此次全球经济衰退所造成的破坏。亚行保证要增加 资金，巩固经济增长。  The extra funds are to help with the speed and efficiency of the bank's poverty alleviation efforts.  亚行致力于减少贫困人口，新增资金将用于提高该项目的进展 速度和效率。

YOUR SITE HERE Linking Knowledge   亚洲开发银行 ( 简称 “ 亚行 ”Asian Development Bank -- ADB) 是亚洲和太平洋地区的区域性金融机构。它不是联 合国下属机构，但它是联合国亚洲及太平洋经济社会委员 会（联合国亚太经社会）赞助建立的机构，同联合国及其 区域和专门机构有密切的联系。根据 1963 年 12 月在马尼 拉由联合国亚太经社会主持召开的第一届亚洲经济合作部 长级会议的决议， 1965 年 11 月至 12 月在马尼拉召开的第 二届会议通过了亚洲开发银行章程。同年 12 月 19 日正式营 业，总部设在菲律宾首都马尼拉。

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