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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TrueMoney, Unionbank bag Social, Sustainable and Responsible Banking Award

The Manila Times 15 Dec 2019
... Sustainable and Responsible Banking award for the Dagdag Puhunan loan program at the 2019 Efma Retail Banking Summit Asia Awards in Singapore ... The annual Efma Retail Banking Summit Asia Awards celebrates developments in the banking industry that promote financial inclusivity....
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Emerging Markets Get Fresh Boost of Hope Over Trade Deal

Yahoo Daily News 13 Dec 2019
The Asian Development Bank cut its economic growth forecasts for China and India to below 6%, dimming prospects across the continentChina’s consumer inflation accelerated to a seven-year high in November while producer prices extended their run of declines, complicating the ......
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Growth views for China, developing Asia cut

Dawn 12 Dec 2019
The bank trimmed its growth forecast for developing Asia to 5.2 per cent in 2019 and 2020, the Manila-based lender said in an updated annual outlook report, from 5.4pc and 5.5pc previously....
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ADB says Pak economy moving towards stability

The News International 12 Dec 2019
Talking to Director General Central and West Asia, Asian Development Bank, Werner Liepach, here on Wednesday, the prime minister highlighted the efforts of the economic team of his government for putting the country's economy on stabilisation path....
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Economic managers cut growth forecast for 2019

Manila Standard Today 12 Dec 2019
Meanwhile, the Asian Development Bank on Wednesday cut its economic growth forecasts in developing Asia this year and next year as growth as external and domestic factors are expected to weigh on China and India ... “While growth rates are still solid in developing Asia, ......
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ADB cuts growth views for China, developing Asia as trade war bites

Canada Dot Com 11 Dec 2019
MANILA — The Asian Development Bank (ADB) ... developing Asia this year and the next, as a weaker outlook for ... The bank trimmed its growth forecast for developing Asia to ... “While growth rates are still solid in developing Asia, ... Developing Asia faces rising food costs, with 2019 and 2020 ... Central Asia 4.3 4.3 4.4 4.6 4.2 4.3 4.5 ... Asia ... Asia....
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ADB cuts growth forecasts for China, developing Asia

Taipei Times 11 Dec 2019
The Asian Development Bank (ADB) yesterday said it has lowered its growth forecasts for developing Asia for this year and next year, as a weaker outlook for China and India indicated softer economic activity elsewhere in the region. The bank trimmed its growth forecast for ......
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Asian Development Bank says Pakistan's economy is showing signs of stability

The News International 11 Dec 2019
The Asian Development Bank (ADB) on Tuesday said signs of economic stabilisation  were emerging in Pakistan during the ongoing fiscal year 2019-20 ... The bank, in the report, lowered its projection of growth in South Asia to 5.1 per cent in 2019 and 6.1 per cent in 2020....
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ADB downgrades developing Asia's 2019, 2020 growth forecast

Kyodo 11 Dec 2019
The Asian Development Bank expects slower growth than expected for developing Asia this year and next, it said in a report Wednesday, citing weakening domestic investment due to external factors such as the U.S.-China trade war for its 5.2 percent expansion forecast....
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ADB raises Vietnam’s growth forecast to 6.9% this year

The Saigon Times 11 Dec 2019
HCMC – While trimming its forecasts for economic growth in developing Asia this year and next given the slower growth in China and India, the Asian Development Bank (ADB) has raised Vietnam’s growth forecast to 6.9% for 2019 and 6.8% for 2020....
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What changed for the market while you were sleeping? Top 10 things to know

Moneycontrol 11 Dec 2019
The Asian Development Bank (ADB) said on Wednesday it has lowered its growth forecasts for developing Asia this year and the next, as a weaker outlook for China and India indicated softer economic activity elsewhere in the region. The bank trimmed its growth forecast for ......
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