Dhaka, March 24 -- The Asian Development Bank (ADB) on Tuesday announced a financial support package to help its developing member countries (DMCs) mitigate the economic and financial impacts resulting from the conflict in the Middle East.

"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," ADB President Masato Kanda said in a statement. "This builds on our strong track record of supporting Asia and the Pacific through periods of global uncertainty."

ADB has ample resources to safeguard existing and planned operation...