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


ADB to support coral reefs ecosystem in Asia-Pacific

Xinhua 30 Sep 2022
30 (Xinhua) -- The Asian Development Bank (ADB) said Friday that it has approved a financial project to support restoration, conservation and management of coral reefs in four countries in Southeast Asia and the Pacific region. The Manila-based bank said the project will develop ......

Korean finance chief to chair ADB's annual meeting next year

Korea Times 30 Sep 2022
This photo, provided by the finance ministry, shows Finance Minister Choo Kyung-ho speaking during a meeting of the Asian Development Bank in Manila on Sept ... The Manila-based ADB is a multilateral development bank established in 1966 to support economic and social development of developing countries in the Asia-Pacific region....

Which recession?

The Manila Times 30 Sep 2022
THROUGHOUT the week of September 26 to 30th, the Asian Development Bank (ADB) held its annual meeting where Asia's economy and future prospects were in focus ... It is, therefore, particularly interesting how the ADB assessed the negative prospects affecting the world's largest economic region — Asia....
photo: AP / Gemunu Amarasinghe
Police officers read a copy of the newspaper "Democracy Today" in Yangon, Myanmar, Wednesday, Nov. 11, 2015. Myanmar's opposition leader Aung San Suu Kyi has won her parliamentary seat, official results showed Wednesday.

Sham sentence for Suu Kyi’s Australian economic advisor

Asiatimes 30 Sep 2022
Both pled not guilty to the charge of holding confidential secret government documents ... Turnell went on to become an expert on the links between banking systems and economic performance in developing countries, particularly in Southeast Asia ... Image. Facebook ... Former prime minister Kevin Rudd might be suitable given his good relationships in Asia ... Image....

GLOBALink | Fed's response to higher inflation in U.S. put pressure on developing countries: economist

Xinhua 29 Sep 2022
The Fed's response to higher inflation in the United States certainly put pressure on all developing countries, including those in East Asia and the Pacific," said an economist with the World Bank ... Comments. Comments (0). Send ... put pressure on developing countries ... ....

KUWTT: Marcos pushes for more PPP projects | Sept. 29, 2022

The Manila Times 29 Sep 2022
THE Asian Development Bank (ADB) on Wednesday said it would continue its support in mitigating the climate change-related crisis in the Asia-Pacific region. The regional development bank made the commitment after it released its inaugural climate-related financial disclosures ......

Judging Panel of International Industry Experts Announced For 2023 FICO Decisions Awards

The Joplin Globe 29 Sep 2022
With over 19 years’ experience, she specializes in banking, technology and fintech developments across Asia Pacific, Middle East and Africa ... Douglas Blakey is group editor banking and payments at GlobalData and has edited Retail Banker International and Electronic Payments International since 2010....

EBRD trims growth outlook, warns of more inflation pain to come

Hellenic Shipping News Worldwide 28 Sep 2022
Rising energy prices will pile more price pressure on consumers in ......

ADB to 'mitigate' climate impact

The Manila Times 28 Sep 2022
THE Asian Development Bank (ADB) on Wednesday said it would continue its support in mitigating the climate change-related crisis in the Asia-Pacific region ... "ADB is Asia and the Pacific's climate bank, and the TCFD report is one more step in our commitment in the battle against climate change," he added....

Asian Development Bank pledges $14 billion for food security in Asia, Pacific by 2025

Khaleejtimes 28 Sep 2022
The Asian Development Bank (ADB) has announced plans to provide at least $14 billion over the 2022-25 period as support to ease a "worsening food crisis" in Asia and the Pacific ... Nearly 1.1 billion people in the region lack healthy diets due to poverty and food prices, which have soared to record highs this year, the development bank said....

Pacific news in brief for September 28

RNZ 28 Sep 2022
The Asian Development Bank has multi-billion-dollar plans to ease the food crisis in Asia and the Pacific and improve long-term food security. The assistance, of at least US$14-billion expands the bank's support for food security in Asia and the Pacific, where nearly 1-point-1 ......

Towards Central Bank Digital Currencies in Asia and the Pacific: Results of a Regional Survey

International Monetary Fund 28 Sep 2022
Drawing on survey responses from 34 Asian economies and country case studies, this note takes stock of recent developments related to central bank digital currencies (CBDCs) and crypto assets in Asia ... While most countries are engaged in research and development, with ......

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