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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World Bank predicts economic slowdown amid outbreak

China Daily 31 Mar 2020
The World Bank called on developing countries in the East Asia and Pacific region to take action immediately, including urgent investments in healthcare capacity and targeted fiscal measures, to mitigate some of the impact of the outbreak ... Asia and the Pacific at the World Bank....
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Coronavirus could push 11 million people into poverty: World Bank

Deccan Chronicle 31 Mar 2020
Growth in the developing East Asia and Pacific, the bank said, is projected to slow to 2.1 per cent in the baseline and to negative 0.5 per cent in the lower-case scenario in 2020, from an estimated 5.8 per cent in 2019 ... President for East Asia and the Pacific at the World Bank....
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11 Mn in East Asia, Pacific May Turn Poor for COVID-19: World Bank

Yahoo Daily News 31 Mar 2020
Growth in the developing East Asia and Pacific, the bank said, is projected to slow to 2.1 percent in the baseline and to negative 0.5 percent in the lower-case scenario in 2020, from an estimated 5.8 percent in 2019 ... Vice President for East Asia and the Pacific at the World Bank....
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World Bank says about 11 mn could be driven into poverty in E Asia and Pacific

The Telegraph India 31 Mar 2020
Growth in the developing East Asia and Pacific, the bank said, is projected to slow to 2.1 per cent in the baseline and to negative 0.5 per cent in the lower-case scenario in 2020, from an estimated 5.8 per cent in 2019 ... President for East Asia and the Pacific at the World Bank....
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World Bank says about 11 million people could be driven into poverty in East Asia ...

Deccan Herald 31 Mar 2020
Growth in the developing East Asia and Pacific, the bank said, is projected to slow to 2.1 per cent in the baseline and to negative 0.5 per cent in the lower-case scenario in 2020, from an estimated 5.8 per cent in 2019 ... President for East Asia and the Pacific at the World Bank....
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Coronavirus impact: World Bank says about 11 mn could be driven into poverty in East ...

Moneycontrol 31 Mar 2020
Growth in the developing East Asia and Pacific, the bank said, is projected to slow to 2.1 percent in the baseline and to negative 0.5 percent in the lower-case scenario in 2020, from an estimated 5.8 percent in 2019 ... Vice President for East Asia and the Pacific at the World Bank....
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Xinhua world news summary at 0530 GMT, March 31

China.dot.org 31 Mar 2020
WASHINGTON -- The World Bank announced on Monday that it projected growth in developing economies in East Asia and the Pacific (EAP) region to slow to 2.1 percent in the baseline scenario amid the COVID-19 pandemic, from an estimated 5.8 percent in 2019. Developing economies in ......
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World Bank: Coronavirus Pandemic Will Slow Economies of China, East Asia-Pacific Region

Voa News 31 Mar 2020
The Bank issued a report Monday projecting just a 2.1% growth rate among developing countries in the East Asia-Pacific region this year, compared to 5.8% in 2019 under a forecast that ......
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WB cuts PH growth forecast to 3%

Manila Standard Today 31 Mar 2020
The World Bank said economic growth was expected to ... It said growth in the developing East Asia and the Pacific region was projected to slow to 2.1 percent in the baseline and to negative 0.5 percent in the lower case scenario in 2020, from an estimated 5.8 percent in 2019....
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Growth for developing economies in East Asia, Pacific to slow to 2.1 pct in baseline scenario: World Bank

Xinhua 31 Mar 2020
WASHINGTON, March 30 (Xinhua) -- The World Bank announced on Monday that it projected growth in developing economies in East Asia and the Pacific (EAP) region to slow to 2.1 percent in the baseline scenario amid the COVID-19 pandemic, from an estimated 5.8 percent in 2019....
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China’s numbers fail to hide World Bank gloom

Asiatimes 31 Mar 2020
“The virus an unprecedented global shock, which could bring growth to a halt and could increase poverty across the region,” Aaditya Mattoo, the World Bank chief economist for East Asia and the Pacific, said in a statement with the report adding ... As for East Asia, the tremors could leave 11 million more people in poverty....
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World Bank warns coronavirus will increase poverty risk

France24 31 Mar 2020
In its latest economic forecast, the Bank warned that developing economies in Asia will see sharply ......
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Hong Kong stocks post worst quarter since 2015 amid virus concerns

Canada Dot Com 31 Mar 2020
** The pandemic is expected to sharply slow growth in developing economies in East Asia and the Pacific as well as China, the World Bank said in an economic update on Monday ... ** Around the region, MSCI’s Asia ex-Japan stock index was firmer by 1.3%, while Japan’s Nikkei index closed down 0.9%....

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