Kathmandu, March 25 -- The Asian Development Bank (ADB) on Wednesday announced a financial support package to help its developing member countries mitigate the economic and financial impacts resulting from the conflict in West Asia.

"ADB will deliver rapid, flexible, and scalable assistance to help countries manage immediate pressures and strengthen long-term resilience, notably fast-disbursing budget support and trade and supply chain finance to secure the import of essential goods, now including oil," said ADB President Masato Kanda. "This builds on our strong track record of supporting Asia and the Pacific through periods of global uncertainty."

ADB said it has ample resources to safeguard existing and planned operations, while expan...