Asian Development Bank

The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966 which is headquartered in Ortigas Center located in Mandaluyong, Metro Manila, Philippines, and maintains 31 field offices around the world, to promote social and economic development in Asia. The bank admits the members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP, formerly the Economic Commission for Asia and the Far East or ECAFE) and non-regional developed countries. From 31 members at its establishment, ADB now has 67 members, of which 48 are from within Asia and the Pacific and 19 outside. The ADB was modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members' capital subscriptions. ADB releases an annual report that summarizes its operations, budget and other materials for review by the public.

At the end of 2014, Japan holds the largest proportion of shares at 15.7%. The United States holds 15.6%, China holds 6.5%, India holds 6.4%, and Australia holds 5.8%.

Latest News for: Asia development bank


Dissecting the New Cold War’s rival blocs

Asiatimes 04 Jul 2022
... international economic system, which also includes the BRI and the Asian Infrastructure Investment Bank (AIIB) ... After all, the Asian Development Bank (ADB) estimates that developing Asia alone needs up to $26 trillion in infrastructure investment over the next decade....

Ensuring a safe, efficient, and reliable payments and settlements system

The Manila Times 03 Jul 2022
Digital banking ... The Philippines is a pioneer among the countries in the Asia-Pacific region in developing a digital banking framework ... Through open banking, incumbents and third parties are allowed access to financial information needed to develop innovative products and services that suit changing customer needs....

Fitch affirms Asian Development Bank credit rating at 'AAA' with stable outlook

Anadolu Agency 02 Jul 2022
Fitch Ratings said Friday it affirmed the Asian Development Bank's (AsDB) credit rating at 'AAA' with a stable outlook ... been one of the largest among multilateral development banks....

PHI Group, Inc. and Tin Thanh Group Sign Definitive Agreement for Collaboration to Execute ...

Eagle-Tribune 01 Jul 2022
(n/k/a Philux Global Group Inc.,, PHIL ), a diversified holding company currently sponsoring PHILUX Global Funds (a group of Luxembourg bank funds), developing the Asia Diamond Exchange project (“ADE”) in Vietnam, engaging in mergers and acquisitions and ......

Protecting victims of climate-induced migration and displacement in South Asia

Asia Pathways 30 Jun 2022
South Asia, one of the most climate-vulnerable regions, is home to a quarter of the world’s population. With its high poverty levels, the region is extremely susceptible to climate change-induced displacement and migration, the majority of which tend to be internal (Asian Development Bank 2012; Rigaud et al ... Asian Development Bank ... World Bank....

Govt borrowings drive bond market growth

The Manila Times 27 Jun 2022
Of the Philippines' P10.4 trillion in outstanding LCY bonds, P8.9 trillion or 85.5 percent comprised government debt, while P1.5 trillion (14.5 percent) was borrowed by the corporate sector, the Asian Development Bank (ADB) noted in its latest Asia Bond Monitor report....

US President sends delegation to attend Marcos inauguration

The Manila Times 27 Jun 2022
"Mr. Douglas Emhoff, Second Gentleman of the United States, will lead the delegation," the embassy said in an advisory ... Winnefeld Jr ... Kagan, Special Assistant to the President and Senior Director for East Asia and Oceania, National Security Council and Chantale Y. Wong, US director of the Asian Development Bank ... .......

U.S. makes $200 billion global infrastructure push to counter China

Yahoo Daily News 27 Jun 2022
"Developing countries ... For nearly a decade, China has been investing heavily in building up the infrastructure of developing countries in Africa and Asia, with Chinese banks financing everything from new seaports to 5G wireless networks through its Belt and Road Initiative....

VP’s husband Emhoff leading US delegation to inauguration

Manila Standard 27 Jun 2022
(Ret.), former vice chairman of the Joint Chiefs of Staff; Edgard Kagan, special assistant to the President and senior director for East Asia and Oceania, National Security Council; and Chantale Wong, US director of the Asian Development Bank....

Are we barking up the wrong tree on power shortages?

The Manila Times 25 Jun 2022
There is another, more forward-looking reason for reassessing the NGCP as well, which is a point raised (although to be clear, not about the NGCP specifically) in the recent Asia Clean Energy Forum hosted by Asian Development Bank (ADB)....

Unconventional monetary policy in Southeast Asia eased market turmoil during COVID-19

Asia Pathways 23 Jun 2022
Improved institutional development and central bank credibility in the economies in our sample, particularly since the global financial crisis, are important factors underpinning the effectiveness of the APPs ... A similar version of this article appears as a box in the June 2022 edition of the Asian Development Bank’s Asia Bond Monitor....

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