Asian Development Bank (ADB)
- The Asian
Development Bank (ADB) is a regional development bank established on 22 August
1966 to facilitate economic development of countries in Asia.
- The bank
admits the members of the United Nations Economic and Social Commission for
Asia and the Pacific (UNESCAP, formerly known as the United Nations Economic Commission
for Asia and the Far East) and non-regional developed countries.
- ADB was
modeled closely on the World Bank, and has a similar weighted voting system
where votes are distributed in proportion with member's capital subscriptions.
Headquarters of Asian Development Bank:
It is headquartered in Mandaluyong City, Metro Manila,
Philippines.
Motto of Asian Development Bank:
ADB’s main motto is to fight against poverty in Asia and the
Pacific.
Membership:
ADB now has 67 members - of which 48 are from within Asia
and the Pacific and 19 outside.
ADB Share Holders:
At present, both the United States and Japan hold 552,210
shares, the largest proportion of shares at 12.756% each. China holds 228,000
shares (6.429 %), India holds 224,010 shares (6.317 %), the 2nd and 3rd largest
proportion of shares respectively.
Organization:
- The highest policy-making body of the bank is the Board of
Governors composed of one representative from each member state. The Board of
Governors, in turn, elect among themselves the 12 members of the Board of
Directors and their deputy. Eight of the 12 members come from regional
(Asia-Pacific) members while the others come from non-regional members.
- The Board of Governors also elect the bank's President who
is the chairperson of the Board of Directors and manages ADB.
ADB’s notable projects and technical assistance:
- Afghan Diaspora Project
- Earthquake and Tsunami Emergency Support Project in
Indonesia
- Greater Mekong Subregional Program.
- PRC Ping Hu Offshore Oil and Gas Development
- Strategic Private Sector Partnerships for Urban Poverty
Reduction in the Philippines
- Trans-Afghanistan Gas Pipeline Feasibility Assessment
Presidency:
- The current
President is Haruhiko Kuroda, who succeeded Tadao Chino in 2005.
- Japan is one
of the largest shareholders of the bank.So, the President has always been
Japanese.
Asian Development Bank Institute(ADBI)
- The Asian
Development Bank Institute (ADBI) is an Asian think tank focused on identifying
effective development strategies for Asia and the Pacific, and on providing
support to ADB member countries in managing development challenges.
- It was
established in Tokyo in 1996 as a subsidiary of Asian Development Bank, with
initial and subsequent financing from the Government of Japan.
Founder:
Asian Development Bank
is the founder of ADB Institute.
Location:
ADBI is located on the 8th floor of the Kasumigaseki
Building in Kasumigaseki, Chiyoda,Tokyo.
ADBI’s Main Focus:
ADBI's work covers applied research, policy seminars
designed to disseminate thinking about best practices, and a range of capacity
building and training (CBT) initiatives.
Key People:
- The first
Dean of the ADB Institute was the leading Filipino economist Jesus Estanislao.
- At
present,Masahiro Kawai has got the post.
