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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China to jointly promote green development: central bank

People Daily 21 Apr 2021
... an official with the central bank said Tuesday ... Enhancing international cooperation will be conducive to jointly promoting the development of green finance in Asia, Yi added....
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Interview: Multilateralism key to challenges facing world, says ADB VP

Beijing News 20 Apr 2021
MANILA, April 20 (Xinhua) -- Multilateralism is the key to confronting major challenges around the world, said vice president of the Asian Development Bank (ADB) Ahmed Saeed, lauding the role the ongoing Boao Forum for Asia (BFA) has played in fostering regional cooperation and integration....
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Developed, developing world alike should appreciate China's victory against poverty

China Daily 20 Apr 2021
The economic development of China has been called miraculous by many experts, state heads and international financial institutions, including the World Bank ... As developing countries from Asia and Africa seek to learn from China to help their people in poverty, there is an abundance of lessons that could be learned....
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Xi's answer to "questions of our time" reverberates beyond Boao

CCTV 19 Apr 2021
Meanwhile, the China-proposed Asian Infrastructure Investment Bank (AIIB), which has grown to 103 approved members worldwide, has been dedicated to promoting infrastructure construction, regional connectivity and mutual development in Asia ... world development and prosperity....
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CBDC: UK is set to explore a digital pound

Cryptopolitan 19 Apr 2021
The United Kingdom has become the latest developed nation to announce interest in exploring a potential central bank digital currency, which might be dubbed “Britcoin,” as tweeted by the British finance minister, Rishi Sunak ... The development aims at addressing the challenges with Bitcoin and other cryptocurrencies....
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Global Portable Generator Market (2021 to 2026) - Increasing Adoption of Dual Fuel and Inverter ...

The Marshall News Messenger 19 Apr 2021
Asia Pacific ... Asia Pacific is expected to grow at the highest CAGR during the forecast period ... Rest of Asia Pacific includes Indonesia, Singapore, Malaysia, Taiwan, and Thailand ... According to the Asian Development Bank (ADB), the region's share of global energy consumption is expected to increase to 56% by 2035 from 34% in 2010....
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Xi's answer to 'questions of our time' reverberates beyond Boao

China Daily 19 Apr 2021
Meanwhile, the China-proposed Asian Infrastructure Investment Bank (AIIB), which has grown to 103 approved members worldwide, has been dedicated to promoting infrastructure construction, regional connectivity and mutual development in Asia ... world development and prosperity....
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Xi Focus: Xi's answer to "questions of our time" reverberates beyond Boao

Xinhua 18 Apr 2021
Meanwhile, the China-proposed Asian Infrastructure Investment Bank (AIIB), which has grown to 103 approved members worldwide, has been dedicated to promoting infrastructure construction, regional connectivity and mutual development in Asia ... world development and prosperity....
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Xinhua Headlines-Xi Focus: Xi's answer to "questions of our time" reverberates beyond Boao

China.dot.org 18 Apr 2021
Meanwhile, the China-proposed Asian Infrastructure Investment Bank (AIIB), which has grown to 103 approved members worldwide, has been dedicated to promoting infrastructure construction, regional connectivity and mutual development in Asia ... world development and prosperity....
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Developer secures £13m financing facility to deliver city centre scheme

The Business Desk 15 Apr 2021
International developer Far East Consortium (FEC) has secured new financial backing from The Bank of East Asia to support the delivery of New Cross Central in Manchester ... The deal represents The Bank of East Asia’s first development project with Far East Consortium in Manchester, having previously supported FEC projects in other parts of the UK....
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Digital Technologies Can Help Maldives Build Back Better From the COVID-19 Shock

Reliefweb 15 Apr 2021
The Maldives Development Update is ... The Maldives Development Update is a companion piece to the South Asia Economic Focus, a twice-a-year World Bank report that examines economic developments and prospects in the South Asia region and analyzes policy challenges faced by countries....
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Ideas sought to repurpose Old Changi Hospital, rejuvenate surrounding Changi Point area

Straits Times 15 Apr 2021
Among them are two old barrack buildings - 34 and 35 Hendon Road - which now house European bank BNP Paribas' Asia Pacific Training and Development Campus ... The bank's head of human resources for South-east Asia, Ms Theresa Ho, said it chose to sink its roots in the historic ......

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