Philippines, May 8 -- The Asian Development Bank (ADB) announced it will mobilize $30 billion by 2030 to help the Association of Southeast Asian Nations (ASEAN) advance long-term development priorities and withstand external shocks. ADB President Masato Kanda announced the commitment during his attendance at the 48th ASEAN Summit in Cebu, where its leaders welcomed ADB's longstanding partnership with the bloc and its role as the region's main bank. Mr. Kanda attended the summit, chaired by Philippine President Ferdinand R. Marcos Jr., as Guest of the Chair. To build long-term resilience, ADB's $30 billion commitment will target five regional flagship initiatives. The financial package includes $6 billion to deepen capital markets and $5 bil...