00:00The World Bank and Asian Development Bank joined forces for a full Mutual Reliance Framework, or FMRF,
00:08the first of its kind between multilateral development banks.
00:11This partnership is expected to make the loan process more efficient,
00:15making it simpler and faster to access funds for the development projects of countries in Asia-Pacific region.
00:22Among the covered development projects are for infrastructure, health systems, agribusiness, energy and social protection.
00:30This will be beneficial to countries to fund particular projects, especially in areas affected by series of disasters.
