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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India should rethink policy in emerging Cold War

Korea Times 03 Jul 2020
As the trilateral partnership incorporates both the Indo-Pacific and Eurasia, it broadens the scope for cooperation in infrastructural development in other regions, such as Central Asia and Africa ... They have formed the Asia-Africa Growth Corridor in partnership with the African Development Bank....
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Mexico's candidate for WTO's top post can benefit developing countries -- Ambassador Corona

Malaysian National News Agency 03 Jul 2020
“(Therefore) Mexico considers Seade as the best option to the post for the benefit of the developing and developed countries to advance agreements and actions of the WTO with an inclusive compromise and vision,” he said to Bernama ... He has also been working with the developing countries in Africa, Latin America, and Asia....
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Asian Development Bank approves $3m grant from APDRF

The Himalayan 02 Jul 2020
KATHMANDU, JULY 1. The Asian Development Bank (ADB) has approved a $3 million grant from its Asia Pacific Disaster Response Fund (APDRF) to further support Nepal in its fight against the coronavirus disease (COVID-19) pandemic ... The post Asian Development Bank approves $3m grant from APDRF appeared first on The Himalayan Times. ....
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BlockFi Sees a Boom in New Clients, Revenue Doubled on Bitcoin Halving

Finance Magnates 02 Jul 2020
BlockFi also reported strong increases in earnings and a broadening of client base as it is eyeing a more substantial footprint in Asia and elsewhere ... In what is perhaps a sign of that focus on Asia, BlockFi has hired former trader at Bank of America Merrill Lynch and Fintech entrepreneur Rishi Ramchandani to lead its business development in Asia....
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Be ready for more COVDI-19 surges: WHO

Mid Day 02 Jul 2020
Woochong Um, the director general for the Asia Development Bank's sustainable development and climate change sector, said the pandemic would reduce developing Asia's growth to its lowest in six decades. Um says the pandemic has spared no economy in the region ... PIC/AFP. First case in US border camp ... Virus may infect heart cells. study....
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WHO urges prioritising both health and economy

The Siasat Daily 01 Jul 2020
Jakarta ... Woochong Um, the director general for the Asia Development Bank’s sustainable development and climate change sector, said the pandemic will reduce developing Asia’s growth to its lowest in six decades ... Source. AP ... ....
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ADB: Potential high employment losses in Asia due to COVID-19

Malaysian National News Agency 01 Jul 2020
KUALA LUMPUR, July 1 -- The COVID-19 pandemic has a huge impact on the economy as the prolonged lockdown in Asia will potentially lead to employment losses estimated at as high as 167 million, said the Asian Development Bank (ADB). Its director-general for sustainable development ......
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The Latest: UN council asks end of conflicts in virus areas

Rapid City Journal 01 Jul 2020
... in the West Bank city of Hebron and hundreds more in Bethlehem and Nablus ... Woochong Um, the director general for the Asia Development Bank’s sustainable development and climate change sector, said that the pandemic will reduce developing Asia’s growth to its lowest in six decades....
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The Latest: British experts slam US for hoarding remdesivir

Rapid City Journal 01 Jul 2020
... for the next 14 days and reevaluated “when we see new development.” ... Woochong Um, the director general for the Asia Development Bank’s sustainable development and climate change sector, said that the pandemic will reduce developing Asia’s growth to its lowest in six decades....
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The Latest: Upper Crust chain says 5,000 UK jobs at risk

Rapid City Journal 01 Jul 2020
Woochong Um, the director general for the Asia Development Bank’s sustainable development and climate change sector, said that the pandemic will reduce developing Asia’s growth to its lowest in six decades ... East Asia Mexico Central America Latin America And Caribbean South Korea....
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The Latest: Germany easing entry rules for 11 non-EU nations

Rapid City Journal 01 Jul 2020
Woochong Um, the director general for the Asia Development Bank’s sustainable development and climate change sector, said that the pandemic will reduce developing Asia’s growth to its lowest in six decades ... East Asia Mexico Central America Latin America And Caribbean South Korea....
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