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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CIB outlines a 13-goal strategy for the next 50 Years

Daily News Egypt 16 Feb 2025
The bank is also investing in financial products that support sustainable development, such as green finance and funding for environmentally friendly projects ... Additionally, the bank is working on developing innovative digital banking solutions for emerging economies, particularly in Africa and Asia, to empower communities and drive economic growth....
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Makeathon develops assistive devices

Kuensel 15 Feb 2025
Funded by the Japan Fund for Prosperous and Resilient Asia and the Pacific grant, the event was a collaboration between the Ministry of Education and Skills Development, the Asian Development Bank, Choego FabLab, FabLab Shinagawa, and the Japan International Cooperation Agency....
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World Bank reaffirms support for Bangladesh's economic reforms

Xinhua 14 Feb 2025
14 (Xinhua) -- The World Bank has reaffirmed its support for Bangladesh's economic reforms critical for the country's inclusive and sustainable growth and development. World Bank's Vice President for South Asia Martin Raiser concluded his visit to Bangladesh Thursday and ......
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Navigating Linear Transport Infrastructure Through Conservation Landscapes

Asia Pathways 14 Feb 2025
Developing Asia requires $26 trillion in infrastructure investment from 2016 to 2030, or $1.7 trillion annually, to sustain growth, reduce poverty, and address climate change (ADB 2017) ... Component-wise Investment Required for Developing Asia ($ trillion) ... Asian Development Bank (ADB) ... Meeting Asia’s Infrastructure Needs....
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Bhutan: Embracing innovation with a mindful heart

Kuensel 12 Feb 2025
Innovation as a Tool,. Not a Distraction ... Now, as new technologies promise even greater possibilities, Bhutan is in a rare position to adopt them in ways that enhance its unique vision for sustainable development ... Contributed by ... He is a former Senior Advisor, Office of the President, and Deputy Director General, South Asia, Asian Development Bank....
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Supported by the Luxembourg Government, The Luxembourg House of Financial Technology (LHoFT)

Antara News 05 Feb 2025
In partnership with the Asian Development Bank (ADB), this year's program will take place at the 5th Asia Finance Forum in April 2025, highlighting Luxembourg's commitment to fostering innovation and sustainable development in emerging markets ... The Asian Development Bank (ADB) is ......
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Aga Khan, leader of Ismaili Muslims, dies aged 88

The New Arab 05 Feb 2025
The group of international development agencies employs 80,000 people, helps build schools and hospitals and provides electricity for millions of people in the poorest parts of Africa and Asia. He mixed his development work with private business, owning, for example, a pharmaceutical company, a bank and a fishnet factory in Uganda....
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US introduces bipartisan bill to secure Taiwan's membership in IMF

Beijing News 05 Feb 2025
Taipei [Taiwan], February 5 (AN) ... Taiwan is also an active member of organizations like the World Trade Organization (WTO), the Asian Development Bank (ADB), and the Asia-Pacific Economic Cooperation (APEC) ... The bill also notes that Kosovo, not a UN member, has been part of both the IMF and the World Bank since 2009 ... (ANI) ....
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450 Karnataka Public Schools to be established from next academic year: Madhu Bangarappa

Deccan Herald 31 Jan 2025
... to media persons at Taluk Congress office here on Friday, he stated that Rs 2,000 crore has been sanctioned towards the same, by Asia Development Bank (ADB)....
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Key figures tackle big issues at Delphi Brussels Forum [Live]

Ekathimerini 30 Jan 2025
... adviser to the Greek prime minister; Ivailo Izvorski, chief economist for Europe and Central Asia at the World Bank; and Dmytro Natalukha, chairman of the Verkhovna Rada Committee on Economic Development....
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Plan to get electricity to more Africans wins $8bn in new pledges

Middle East Monitor 29 Jan 2025
An initiative to connect 300 million Africans to electricity in the next six years has won new pledges worth more than $8 billion from lenders including the Islamic Development Bank and the Asia Infrastructure Investment Bank, Reuters reports....
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Plan to get electricity to more Africans wins $8B in new pledges

Beijing News 29 Jan 2025
DAR ES SALAAM, TANZANIA - An initiative to connect 300 million Africans to electricity in the next six years has won new pledges worth more than $8 billion from lenders including the Islamic Development Bank and the Asia Infrastructure Investment Bank ... Bank President Ajay Banga....
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Securing Asia’s Future Through Soil Health: Why It Matters and What Must Be Done

Asia Pathways 28 Jan 2025
Asia and the Pacific hosts 50% of the world’s arable land, which is vital to the global food supply (World Bank 2024a) ... Soil Health Trends and Challenges in Asia and the Pacific ... Development Asia. https.//development.asia/insight/boosting-food-security-and-ecosystems-through-regenerative-agriculture ... Asian Development Bank ... Asian Development Bank....

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