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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NPCI looking to port UPI success to the rest of Asia

The Times of India 29 Oct 2020
The company, unlike NPCI, is a for-profit entity and aims to export NPCI’s several unique solutions, such as the UPI and RuPay -- an indigenous payment card launched by NPCI for all Indian banks -- to countries in Asia, Africa and Middle East ... These developments also come at a ......
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Green is China's new development mantra

China Daily 29 Oct 2020
The Asian Development Bank is preparing its country partnership strategy for China for the 2021-25 period, which is focused on supporting China's transition toward eco-friendly and nature-positive development ... The views don't necessarily reflect those of China Daily.The author is director-general of the East Asia Department, Asian Development Bank....
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Blockchain Bites: JPM Coin Goes Live, Bitcoin Rallies, Stocks Falter

XBT.MONEY 27 Oct 2020
Southeast Asia’s largest bank by assets, DBS, is eyeing a digital assets exchange ... First revealed in February 2019, JPM Coin will run on Quorum, a private version of Ethereum developed by the bank but acquired by development firm ConsenSys in August ... Southeast Asia’s largest bank ......
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Strengthening MSMEs key to economic recovery – ADB

The Manila Times 24 Oct 2020
This is according to the first volume of the Asian Development Bank’s (ADB) “Asia Small and Medium-Sized Enterprise Monitor (ASM) 2020” report, which presents a detailed assessment of financial and nonfinancial issues MSMEs face in the region ... “the backbone of Asia’s economy.”....
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‘Urban heat island’ phenomenon responsible for heavy rains in short spells

Business Line 23 Oct 2020
Connecting the recent rains in Hyderabad and earlier experiences at Chennai and Mumbai, Dr Ancha Srinivasan, Climate Change Advisor, Asian Development Bank for South-East Asia, said, “This is a La Nina year, which is responsible for capture of more moisture and resultant precipitation as witnessed in Hyderabad recently ... .......
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MSMEs key to Southeast Asia's post-COVID-19 recovery: ADB report

People Daily 22 Oct 2020
22 (Xinhua) -- Strengthening the dynamics of micro, small, and medium-sized enterprises (MSMEs) with innovation and internationalization is key to revitalizing Southeast Asian economies devastated by the COVID-19 pandemic, according to a new Asian Development Bank (ADB) report released on Thursday....
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Live COVID-19 updates: France's coronavirus cases top 1 million

China.dot.org 22 Oct 2020
MANILA -- Strengthening the dynamics of micro, small, and medium-sized enterprises (MSMEs) with innovation and internationalization is key to revitalizing Southeast Asian economies devastated by the COVID-19 pandemic, according to a new Asian Development Bank report released on Thursday....
photo: WN / RTayco
The Shoppes at Marina Bay Sands atrium in Singapore.
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Partnership, policy and trade in Asia’s economic recovery

Google Blog 21 Oct 2020
Today, at the Asian Development Bank’s Southeast Asia Development Symposium, leaders from government and the technology industry will discuss how to work together to bring about a strong recovery from COVID-19....
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Yuan soars on resurgent economy

Asiatimes 21 Oct 2020
Asia markets were broadly higher propelled by stimulus bulls who expect the US will soon unveil a package to support the world’s largest economy ... Financials lead bond gains as commercial banks keep LPR steady. Also on Asia Times Financial ... China central bank launches fintech development indicators ... Asia Stocks ... · The MSCI Asia Pacific index added 1%....
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Singapore Startup Zero Error Systems (ZES) Joins Airbus Ventures Portfolio

The Marshall News Messenger 21 Oct 2020
Developed at Singapore’s Nanyang Technological University, ZES’s ... This announcement comes on the heels of Airbus Ventures unveiling its milestone partnership with the Development Bank of Japan Inc ... Partner, Asia Pacific ... CALIFORNIA SINGAPORE UNITED STATES NORTH AMERICA ASIA PACIFIC....
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Japanese messaging giant LINE reportedly working on CBDC platform

The Coin Telegraph 20 Oct 2020
The platform would aid central banks in Asia with developing a central bank digital currency .......
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