WASHINGTON, April 25 (Reuters) - U.S. Treasury Secretary Scott Bessent urged Asian Development Bank President Masato Kanda to take concrete steps towards ending loans to China, the Treasury said on Friday.

During a bilateral meeting, Bessent also emphasized the need for an "all-of-the-above energy strategy" and exchanged views with Kanda on financing civilian nuclear energy.

Sign up here.

"Secretary Bessent urged President Kanda to take concrete steps towards putting China on a clear path to graduation from ADB borrowing and emphasized the value of the Bank's work on procurement practices based on best value," the Treasury said in a statement.

https://www.reuters.com/world/asia-pacific/us-treasurys-bessent-urges-asian-development-bank-move-towards-ending-china-2025-04-26/