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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Residential real estate prices in India rise 5 pc during April-June quarter: Report

Beijing News 16 Aug 2022
"The central bank (RBI) continues to increase repo rates to offset the impact of inflation and banks are expected to increase loan interest rates including that of home loans," said Harsh Vardhan Patodia, President of CREDAI National ... said Ramesh Nair, Chief Executive Officer, India and Managing Director, Market Development, Asia, Colliers....
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Housing prices across top 8 cities rose 5% YoY in Q2 2022

Financial Express 16 Aug 2022
Commentig on the same, Harsh Vardhan Patodia, President of CREDAI National, said, “The central bank continues to increase the repo rate to offset the impact of inflation and banks are expected to increase loan interest rates, including that of home loans ... India & Managing Director, Market Development . Asia, Colliers....
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India projected to become Asia’s fastest-growing economy

Russia Today 12 Aug 2022
“The recent strong run of data increases our confidence that India is well positioned to deliver domestic demand alpha, which will be particularly important as developed markets’ growth weakness percolates into Asia’s external demand,” the bank’s economists said, in a note dated Tuesday and seen by Reuters....
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A Department of Water is critical for the nation

The Manila Times 10 Aug 2022
THIS week, the Asian Development Bank (ADB) hosted the Asia Water Forum 2022, a three-day virtual event that examined the challenges, prospects and opportunities for water security and development throughout the region ... The recent Asia Water Forum, however, revealed one key consideration that should be made part of any bill reintroducing the DWR....
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Over USD 2.7 billion infrastructure projects in India, Asia listed on new Singapore Online Portal

Beijing News 08 Aug 2022
Last week, an infrastructure project online portal that connects government, developers, and financiers was launched by Infrastructure Asia, a platform set up by Enterprise Singapore and Singapore's Central Bank, the Monetary Authority of Singapore (MAS) ... Infrastructure Asia says ......
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Over $2.7 billion infrastructure projects in India, and 4 other Asian countries | Mint

Live Mint 08 Aug 2022
An infrastructure project online portal that connects government, developers, and financiers was launched by Infrastructure Asia last week, a platform set up by Enterprise Singapore and Singapore's Central Bank, the Monetary Authority of Singapore (MAS) ... Infrastructure Asia says ......
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Ørsted strengthens offshore wind ties in Vietnam

Splash24/7 08 Aug 2022
With more than 3,200 km of coastline and high consistent wind speeds, Vietnam has some of the best conditions for developing offshore wind in Asia. The World Bank Group estimates Vietnam’s offshore wind potential to be up to 500 GW ... Vietnam has some of the best conditions in Asia ......
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APEC slashes growth forecasts on inflation, Ukraine risks

Al Jazeera 05 Aug 2022
Asia-Pacific Economic Cooperation (APEC) has slashed its economic growth forecast for the region, citing risks including soaring inflation, the Ukraine war and new mutations of COVID-19 ... The outlook comes after the International Monetary Fund and Asian Development Bank last month downgraded their forecasts for the Asia Pacific region....
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Gloomy growth outlook

Korea Times 31 Jul 2022
Steps needed to prevent situation from turning worse ... This is lower than 2.6 percent estimated by Asia Development Bank (ADB) ... The Bank of Korea on Tuesday announced the nation's GDP grew 0.7 percent in the second quarter of this year, up from its previous 0.5 percent estimate ... Two of them even assessed stagflation has already progressed considerably....
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Afghanistan Food Program Faces Massive Funding Shortfall

Beijing News 30 Jul 2022
The U.S., the largest humanitarian donor to Afghanistan, has pledged almost $460 million for the appeal, followed by the United Kingdom ($408 million) and Asia Development Bank ($380 million) ... Donors have cut off development aid to Afghanistan since the Taliban seized power last year....
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Russia’s gas cuts throw fuel on Asia’s energy security woes

Al Jazeera 29 Jul 2022
... South Asia, are struggling to keep the lights on ... “If it’s a short-term crisis that eases in the next six months, I don’t expect any new major victims,” Badri Narayanan Gopalakrishnan, a Delhi-based economist who previously consulted for the Asia Development Bank, told Al Jazeera....
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Oracle India to expand partnerships for cloud business

Business Line 28 Jul 2022
Cognizant, National Stock Exchange, Wipro, Punjab Urban Development Authority, Air Asia, Federal Bank, Bharti Airtel, Kotak Mahindra Bank and many more companies trust Oracle Cloud to power their businesses.” ... joint go-to-market (GTM), skills development and a trusted partnership....
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IMF terms world’s economic outlook ‘gloomy, more uncertain’

The News International 27 Jul 2022
The Asian Development Bank (ADB) reduced its growth forecast for South Asia to 6.5 percent from 7.0 percent this year and to 7.1 percent from 7.4 percent in 2023. The ADB slashed its growth forecasts for developing Asia for this year and next, reflecting the economic fallout from ......

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