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 Asian Development Bank

The Asian Development Bank (ADB) is a regional development bank established in 1966 to promote economic and social development in Asian and Pacific countries through loans and technical assistance.It is a multilateral development financial institution owned by 66 members, 47 from the region and 19 from other parts of the globe. ADB's vision is a region free of poverty. Its mission is to help its developing member countries reduce poverty and improve the quality of life of their citizens.

The work of the Asian Development Bank (ADB) is aimed at improving the welfare of the people in Asia and the Pacific, particularly the 1.9 billion who live on less than $2 a day. Despite many success stories, Asia and the Pacific remains home to two thirds of the world's poor.

The bank was founded as a regionally focused clone of the IBRD (World Bank), with the primary impetus coming from the US, Japan and Western European (especially Nordic and Germanic) governments. The bank has traditionally funded its lending activities by issuing supranational-rated bonds in the euromarkets. For many years the bank was the only Asia-ex Japan issuer of eurobonds. Although recent economic growth in many member countries have led to a change in emphasis to some degree, throughout most of its history the bank has operated on a project basis, specifically in the areas of infrastructure investment, agricultural development and loans to basic industries in member countries. Although by definition the bank is a lender to governments and government entities, it has also participated as a liquidity enhancer and best practice enabler in the private sectors of regional member countries. The primary human capital asset of the bank is its staff of professionals, encompassing academic and/or practical experts in the areas of agriculture, civil engineering, economics, public policy and finance. These professionals are drawn from all across the globe and given various incentives to relocate to Manila, including diplomatic status and tax-free incomes. It is conceivable that once all of Asia-Pacific reaches a certain level of living standard the bank will be wound down or reconfigured to operate as a commercial enterprise.

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updated Fri. May 26, 2017

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Like Myanmar, many other parts of Southeast Asia are vulnerable to natural disaster, according to the Asian Development Bank. "Southeast Asia is a highly exposed area and particularly vulnerable to severe climate change," said Dr Ancha Srinivasan, ...
I attended a talk mid-week in Kuching by Sarawak-born economist, Wee Ai Chin, who spent most of her career with the United Nations (UN), the World Bank and the Manila-based Asian Development Bank, and who is now passionate about her association ...
Sustaining growth. Making growth more inclusive is one of the biggest challenges of the Philippine economy, the Asian Development Bank has said in its 2017 Outlook. It projected GDP growth of 6.4 percent this year, above the Southeast Asian average of ...
IPIM also noted that the meeting will be attended by the World Bank, the Asian Development Bank (ADB), the Asian Infrastructure investment bank (AIIB), the African Export and Import Bank, the African Development Bank, the Islamic Development Bank, the ...
The Asian Development Bank's (ADB) Trade finance Program (TFP) and two Vietnamese banks - An Binh Joint-Stock Bank (ABBANK) and Tien Phong Commercial Joint-Stock Bank (TPBank) - have signed agreements enabling the program to provide ...
The Asian Development Bank, World Bank, Japan and South Korea together will provide up to $3 billion, the IMF said. The Chinese central bank is to extend a 15 billion yuan ($2 billion) swap line with its Mongolian counterpart for at least another three ...
The Asian Development Bank, World Bank, Japan and South Korea also committed support while the People's Bank of China agreed to extend a swap line with the Bank of Mongolia.
The Asian Development Bank approved a USD 300 million loan to help Filipino youth find gainful employment. The loan is part of the government's job creation plan under President Rodrigo Duterte.
MANILA - Manila-based Asian Development Bank has extended to The Philippines a $300-million loan (about P14.95-billion) for a project aimed at helping young Filipinos find a good job upon graduation from high school.
The 52nd Asian Development Bank annual meeting will be held at the Fiji Marriott Resort Momi Bay, in 2019, Attorney-General Aiyaz Sayed-Khaiyum told Parliament.
Asian Development Bank (ADB) will provide Rajasthan USD 500 million loan (about Rs 3,238 crore) in tranches to improve road transport in the state.
In another case, the Kochi corporation had to scrap the Rs 168 crore sewerage project, which was funded by the Asian Development Bank (ADB) due to faulty implementation. The project aimed at laying a network of pipes for collecting waste from each ...
Asian Development Bank or ADB has awarded three of its best performing project teams in Bangladesh as part of its "efforts to promote efficient project implementation.
THIRUVANANTHAPURAM: Comptroller and Auditor General of India has noted that Kerala government paid a commitment charges to a tune of Rs 43.68 crore to Asian Development Bank (ADB) for not implementing projects funded by the bank within the ...
The 'Chhattisgarh State Road Development Project' funded by the Asian Development Bank (ADB) is designed to rehabilitate State roads which have been identified from important State road corridors which include State roads linking to the national ...
Some 6,000 delegates came together in Yokohama earlier this month to celebrate the 50th anniversary of the Asian Development Bank (ADB). Indeed there is much for the ADB to celebrate. Its growth during the past five decades has been phenomenal.
Beijing - The Asian Development Bank (ADB) Thursday signed a loan of $95 million with a Chinese agricultural firm to develop inclusive and sustainable livestock farming in China, the bank said in an online statement.
New Delhi: The Asian Development Bank on Thursday said it has raised 3 billion Indian rupees (INR) from a new issue of offshore rupee-linked bonds to help finance climate change mitigation and adaptation projects in India.
The Asian Development Bank (ADB), a Philippines-based multilateral institution, recently made an equity investment of USD 10 million in Satin Creditcare Network Limited, a for-profit Indian microfinance institution (MFI).
Other governments welcome Chinese investment in a region the Asian Development Bank says needs to spend $7 trillion this decade on ports, railways and other facilities to keep economies growing.
William Grimes, Associate Dean for Academic Affairs at the Frederick S. Pardee school of Global Studies at Boston University, spoke on a panel at the 50th Annual Meeting of the Asian Development Bank (ADB) in Tokyo, Japan on May 4, 2017 . The panel ...
The Asian Development Bank (ADB) will increase the investment limit for Georgia from $200 million to $350 million. So far, the ADB has already allocated $1.62 billion for supporting Georgia's public sector.
There is an old Chinese saying: "If you want to grow rich, first build a road." China knows a thing or two about building roads, and ports, and bridges, and airports ...
European Commission - Press Release details page - European Commission - Speech - [Check Against Delivery] Beijing, 14 May 2017 It is a pleasure to be ...
On April 6, the Asian Development Bank issued its findings for 2016-17, which took in the first year of the NLD government, and also gave projections for the coming 12 months.
Asian Development Bank (ADB) President Takehiko Nakao poses in front of the logo of ADB at its headquarters in Mandaluyong, Metro Manila, after a forum with members of the Foreign correspondents Association of The Philippines, January 8, 2016.
According to an estimate by the Asian Development Bank, there is a funding gap of US$26 trillion for the infrastructure projects that will be required in Asia by 2030.
PHNOM PENH - The new China-led Asian Infrastructure investment bank is not competing with the long-established Asian Development Bank backed by Japan and the United States, the Beijing-based bank's leader said Thursday. Instead, the two ...
Tokyo (THE YOMIURI SHIMBUN/Asia NEWS NETWORK) - How can the Asian Development Bank (ADB) meet the brisk demand for infrastructure in Asia, a growth centre of the world?
The 50th annual Asian Development Bank (ADB) meeting was held in Yokohama from Thursday to Sunday, amid unprecedented challenges to the Japan- and U.S.
The Asian Development Bank has given no indication as to whether its assistance to Nauru will be affected by an act signed by the US President Donald Trump.
Azerbaijan and the Asian Development Bank (ADB) May 7 signed a guarantee agreement and a $500mn loan agreement for the Shah Deniz-2 gas and condensate development project.
For Australia, the Asian Development Bank's 50th annual meeting was an opportunity to push new priorities, while celebrating past success.
The Asian Development Bank (ADB) will invest US$1.5 million (F$3.15 million) to assist Fiji's Presidency of the 23rd Conference of the Parties (COP23) to the United Nations Framework Convention on climate change (UNFCCC) and join the government of ...
Asian Development Bank (ADB) President Takehiko Nakao leaves the closing press conference of an ADB annual meeting in Yokohama, near Tokyo, Sunday, May 7, 2017.
The Asian Development Bank (ADB) will invest US$1.5 million (F$3.15 million) to assist Fiji's Presidency of the 23rd Conference of the Parties (COP23) to the United Nations Framework Convention on climate change (UNFCCC) and join the government of ...
Asian Development Bank (ADB) President Takehiko Nakao reacts as he listens to a reporter's question during the closing press conference of an ADB annual meeting in Yokohama, near Tokyo, Sunday, May 7, 2017.
The Asian Development Bank's (ADB) annual meeting in Yokohama Japan this week marks its 50th anniversary. Yet there is little to celebrate.
YOKOHAMA, Japan (5 May 2017) - The Asian Development Bank (ADB) has partnered with the government of Canada to establish a new trust fund to support greater private sector participation - while improving gender equality - in the bank's climate ...
Asian Development Bank (ADB) is stepping up its financial commitments and providing more money to finance reforms in Georgia over the next three years.
YOKOHAMA: The Asian Development Bank (ADB) lending surpassed the $30 billion mark for the first time in 2016 on growing demand in the region for infrastructure finance, the bank said on Friday.
The Asian Development Bank has been a major lender for infrastructure projects in the region, and now the China-led Asian Infrastructure investment bank is getting in on the act.
At the gathering in Yokohama on the sidelines of the Asian Development Bank's annual meeting the finance ministers and central bank governors discussed revisions to the Chiang Mai Initiative, a multilateral currency swap arrangement set up to act as a ...
YOKOHAMA: Deputy Prime Minister and Minister for finance Krishna Bahadur Mahara on Friday arrived in Japan to attend the 50th annual meeting of the Asian Development Bank (ADB) Board of Directors. DPM Mahara accompanied by five-member ...
YOKOHAMA, Japan - There's something changing in the Japanese economy, according to the country's top central banker. Speaking with CNBC on the sidelines of the 2017 Asian Development Bank meeting in Japan, Bank of Japan Governor Haruhiko ...
YOKOHAMA (Japan): The Asian Development Bank (ADB) has called for an integrated and deregulated market in India to help burnish the South Asian nation's allure as adestination for foreign direct investment.
The Asian Development Bank is holding its annual meeting in Japan, where bankers and leaders are assessing how they can support growth as income inequality grows in both rich and poor countries.
The Asian Development Bank is holding its annual meeting in Japan, where bankers and leaders are assessing how they can support growth as income inequality grows in both rich and poor countries.
YOKOHAMA: The Asian Development Bank (ADB) will provide financing in form of loans and grants valuing $1.055 billion for nine projects in Pakistan.
The Asian Development Bank funds physical infrastructure across the region, but unlocking a country's growth potential takes more than roads and railways.


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