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


Consulting Firm for Flood Modeling and Flood Hazard Assessment for selected districts in selected River Basins in Bangladesh, Nepal and Pakistan

Reliefweb 01 Dec 2021
The "Climate Adaptation and Resilience for South Asia" or CARE for South Asia project is a ... The Consultant should have proven experience of working with federal and provincial government agencies, the World Bank, Asian Development Bank, UN or international agencies in South Asia....

Investment fund designed to open doors to Asian markets seeks new Irish applicants

The Irish Times 29 Nov 2021
Established by the Asia Development Bank, ADB Ventures is aiming to stimulate innovation in cleantech, agritech, fintech and healthtech, with particular focus on climate action and gender balance ... director of Asia Matters, which hosts the two-day Global Business Summit this week....

CO2-1-0 (CARBON) Corp and Solar EVN Ngoc Chau Signs MOU to Cooperate in Innovative Carbon ...

Kentucky New Era 29 Nov 2021
(, PHIL ), a company currently focused on PHILUX Global Funds, a group of Luxembourg bank funds, and developing the Asia Diamond Exchange (“ADE”) in Vietnam, is pleased to announce that CO2-1-0 (CARBON) Corp., a subsidiary of the Company, has signed a Memorandum ......

Will the global tax agreement help Vietnam tax corporate titans?

The Saigon Times 28 Nov 2021
This poses a concern to the OECD (the Organization for Economic Cooperation and Development) Forum on Implementation of Measures to Counter Base Erosion Profit Shifting when stakeholders discuss detailed plans for the first pillar ... (4) Asian Development Bank Institute 2018, Edited by Satoru Araki and Shinichi Nakabayashi, Tax and Development....

South American Countries are Starting to Develop their CBDCs

FX Empire 25 Nov 2021
Apex banks in Europe, North America, Africa, Asia and South America are working on their launching their digital currencies ... Beyond South America, central banks in Europe, Africa, Asia and North America are either discussing, researching, developing or piloting their CBDCs....

ADB urges faster work on regional tax hub

The Philippine Star 25 Nov 2021
The Asian Development Bank has called on governments in Asia-Pacific to speed up progress on the tax hub to address debt problems and inequality hounding most countries ... ....

DBP bags two international awards

Journal Online 24 Nov 2021
State-owned Development Bank of the Philippines (DBP) bagged two awards for its development projects on human capital development and financial inclusion in the recently-concluded Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Development Awards held in Manila, a top official said....

GDP growth forecasts by private analysts out of range, says DOF

Manila Standard Today 24 Nov 2021
... Research, Makoto Tsuchiya of Oxford Economics, and Ravelas of BDO Unibank, Inc., 4.3 percent; Chua Han Teng of Development Bank of Singapore, 4.2 percent; and Bernardo Villegas of the University of Asia & the Pacific (UA&P) and Alex Holmes of Capital Economics, 4 percent....

Leading the way to green development

China Daily 23 Nov 2021
Lessons learned are important not only for China, but also for other developing countries pursuing greener development pathways in Asia and the Pacific ... The author is director general of the East Asia Department at the Asian Development Bank, Manila....

Some bondholders of China developer Kaisa tap adviser to help recover dues -source

Reuters 23 Nov 2021
SINGAPORE/HONG KONG, Nov 23 (Reuters) - Some offshore bondholders of embattled Chinese developer Kaisa Group (1638.HK) who did not receive coupon payments this month have tapped investment bank Moelis & Co (MC.N) to advise them on the matter, a source with direct knowledge told Reuters on Tuesday....

David Souter

MENA FN 23 Nov 2021
For the last 20 years, David has been involved in coral reef research, tropical coastal ecosystems management, global assessments and scientific capability development in Australia, East Africa, the Indian Ocean Islands, South and Southeast Asia through World Bank, UNEP, Sida, and Australian Government funded programs....

CO2-1-0 (CARBON) Corp and SuperGreen Solutions Signs MOU to Cooperate in Innovative Carbon ...

Eagle-Tribune 23 Nov 2021
(, PHIL ), a company currently focused on PHILUX Global Funds, a group of Luxembourg bank funds, and developing the Asia Diamond Exchange (“ADE”) in Vietnam, is pleased to announce that CO2-1-0 (CARBON) Corp., a subsidiary of the Company, has signed a Memorandum ......

Carbon capture tech is no panacea

Business Line 23 Nov 2021
Even more innovative — certainly unusual — efforts to control carbon dioxide emissions have been launched in Asia. The Asian Development Bank, backed by mega-billionaire Jeff Bezos, the IKEA Foundation and HSBC, have put money on the table to buy up ageing power plants and shut them down....