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

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AIIB to fund emergency public health infrastructure in China

Xinhua 10 Feb 2020
AIIB also looks forward to working with other multilateral development banks, private partners and others to join hands in ... AIIB is a multilateral development bank that aims to support the building of infrastructure in the Asia-Pacific region....
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Beijing-backed bank offers public health loans to China

Hong Kong Standard 10 Feb 2020
AIIB also looks forward to working with other multilateral development banks, private partners and others to join hands in bolstering ... AIIB is a multilateral development bank that aims to support the building of infrastructure in the Asia-Pacific region....
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WB team hails Jaganmohan govt's initiatives

The Times of India 25 Feb 2020
Led by World Bank regional director (South Asia-Human Development) Lynne Sherburne-Benz, the team of officials held a meeting with Reddy, state chief secretary Nilam Sawhney, principal secretary Praveen Prakash and other senior officials at the Secretariat and discussed a host of issues....
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World Bank team hails Jaganmohan Reddy govt's initiatives

The Times of India 25 Feb 2020
Led by World Bank regional director (South Asia-Human Development) Lynne Sherburne-Benz, the team of officials held a meeting with Reddy, state chief secretary Nilam Sawhney, principal secretary Praveen Prakash and other senior officials at the Secretariat and discussed a host of issues....
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Crypto Exchanges Need Common Messaging to Comply With Travel Rule

Helena Bitcoin Mining 25 Feb 2020
Leah Callon-Butler, a CoinDesk columnist, is the director of Emfarsis, a consulting firm focused on the role of technology in advancing economic development in Asia ... We caught up in Manila, Philippines, after he chaired a forum at the Asian Development Bank about improving interoperability for traditional financial markets across Asia....
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Duterte wants stronger partnership with multilateral lender ADB

The Philippine Star 25 Feb 2020
President Rodrigo Duterte wants a stronger partnership with multilateral lender Asia Development Bank as the government seeks funds to bankroll its ambitious infrastructure program ... ....
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Cops involved in bloody drug war among 83rd Charter Day awardees

Sun Star 25 Feb 2020
Wipro, Accenture Inc., Qualfon Philippines Inc., JP Morgan Chase Bank, Lexmark Research and Development Corp., Flour Daniel Inc., TPPH-FHS Asia Inc., Sykes Asia Inc., Asian-I Office Properties and TG Universal Business Ventures were awarded as top Philippine Economic Zone Authority-registered establishments....
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2019 Another Blockbuster Year for Fintech: KPMG Pulse of Fintech

The Record 24 Feb 2020
... and Australia, more countries in the Asia Pacific region will develop digital banking regimes and use digital banking licenses to guide digital bank efforts.The focus on open data opportunities will move beyond banking and into other aspects of the financial services industry....
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Here's where the US falls on the 'Great Gatsby Curve,' a damning chart economists use ...

Business Insider 23 Feb 2020
Carolina Sanchez, senior director of the Poverty and Equity Global Practice at the World Bank, said in the report that developing regions like South Asia and Africa are experiencing "stalled mobility" because children's economic success is dependent on their parents' income....
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Vietnam Turns to Private Companies for Public Services Needs

Voa News 15 Feb 2020
A series of ongoing market reforms is giving Vietnam a market-leading status in Southeast Asia, making it an increasingly attractive place for investors,” Nirukt Sapru, who is the chief executive officer for Vietnam, Southeast Asia, and South Asia at Standard Chartered Bank, said....
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Bangladesh Bank Signs up for Ripple Cryptocurrency Services

Coin Idol 14 Feb 2020
Fueling Blockchain to Power the Banking Industry ... Among the most prominent Ripple customers is the commercial bank of Asia which recently announced that it’s one of the 300 customers using Ripple Powered services ... According to an employee of the Bank of Asia, Ripple develops and implements systems that power the Banks functionalities....
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Recovery of Rs 2.41bn loan uncertain

The Himalayan 08 Feb 2020
Other BFIs which had issued loan using land plots in Lalita Niwas as collateral include IME Finance Institution, Nepal Bank, Unique Finance, Bank of Asia Nepal, Kasthamandap Development Bank, Nepal Development and Employment Promotion Bank, Prime Commercial Bank, KIST Bank and Yeti Development Bank....
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World Bank says Sri Lanka can boost growth through technology, innovation

Xinhua 05 Feb 2020
In a statement released by the World Bank following the conclusion of a 4-day visit by World Bank Vice President for South Asia Hartwig Schafer, the bank said that during his visit, Schafer gained a better understanding of Sri Lanka's development priorities under the new ......

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