c
c

c 

c or the Asian Development Bank is an international financial institute operating since 1966.
ADB provides financial assistance to its member nations for poverty reduction and improvement in
the quality of life. To finance its projects, ADB issues bonds and also leverages the contributions
made by participant countries.

The organization was started with the following objectives:

 The social and economic development of the Asian and Pacific countries.
 To boost cooperative and simultaneous regional growth among member countries.

As of early 2007, ADB had 67 members, with 48 regional and 19 non-Asian members. Since Japan
has been the largest shareholder, the bank has always been governed by a Japanese President. ADB
is headquartered at Metro Manila, Philippines.

CURRENT PRESIDENT IS HARUHIKO KURODA

-
c 
›

 

 Technical assistance provided to members, so that they can plan and execute development
strategies and projects.
 Assistance to DMCs (Developing Member Countries) to coordinate policies designed for
development.
 Equity investments and loans to member nations.
 Encouragement to member nations to invest private and public capital for development.

c c 


Asian and Pacific countries have shown considerable transformation in terms of modernization. Till
the end of 2007, 1,106 projects funded by ADB were evaluated. Out of these, 65% were rated as
successful and 27% partly successful. Some of the highlights of the Asian Development Bank are:

 üunding projects led by the Utah State University to bring labor skills to Thailand.
 ROC Ping Hu Offshore Oil and Gas Development.
 Technical assistance grant of US$2 million to Bangladesh to overcome the challenges linked
to climate change.
 Trans-Afghanistan Gas Pipeline üeasibility Assessment.
 Greater Mekong Subregional Program
 ?oan of $1.2 billion to bail Pakistan out of an impending economic crisis.
 Contributions towards the development of solar energy in India.
 Strategic Private Sector Partnerships for Urban Poverty Reduction in the Philippines.
 Earthquake and Tsunami Emergency Support Project in Indonesia.


 c 
Poverty is still one of the main challenges faced by ADB. The 2009 global recession has severely
impacted ADB¶s poverty alleviation goals. The following situations pose major challenges for ADB:

 Safe water is still not available to 60% of the people in the member countries.
 Improved sanitation facilities have still not reached 70% of the people.
 Out of every 100 children, 40 die before they reach the age of 15. Infant mortality rate is
very high.
 Half of the undernourished population of the world lives in Asia.
 Rising inflation has adversely impacted growth rates in Asia.

STRUCTURE Oü ADB

ADB¶S top decision making body is its Board Of Governors. Governors are the minister-level
government officials of each member country. The board meets infrequently and its duties include
passing resolutions approving countries memberships, elections of presidents and amendments of
bank¶s by-laws; it has no direct involvement woth day to day activities of ADB.

The ADB´S top level decision making body is the board of directors, which, based in manilla,
consists of senior level government officials appointed by their governments. There are 12 directors,
representing either individual countries or groups of countries. The Board Of Directors normally
meet twice a week and approves ADB and grants. The decisions of the board are based on a system
of µweighted voting¶ that reflects the % of each member countries share of µsubscribed capital¶ in the
bank. The top shareholders of ADB are Japan and USA, China, Australia, Indonesia, Canada, Korea.
Countries like Vietnam, Thailand, Cambodia all have small percentage of share in the bank




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