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

Edit

Why the New Silk Roads are a ‘threat’

Asiatimes 24 Jan 2020
Asia and Europe have been trading goods and ideas since at least 3,500 BC ... But then Alexander’s Seleucid successors had to fight the rising power in Central Asia ... BRI, Eurasia Economic Union (EAEU), Shanghai Cooperation Organization (SCO), BRICS+ and the BRICS’ New Development Bank (NDB), the Asia Infrastructure Investment Bank (AIIB)....
Edit

Putin Calls for a New System Guided by the UN Charter… But Is It Possible?

Dissident Voice 23 Jan 2020
Whether these corrupt financing institutions can be brought back to their original intention or whether they must simply be replaced with new lending mechanisms such as the Asia Infrastructure Investment Bank, BRICS New Development Bank or Silk Road Investment Fund remains to be seen....
Edit

Vietnam Aims to Grow its Economy by 7% This Year, Faster Than China

Voa News 15 Jan 2020
A 7% showing would rank Vietnam among the 10 fastest-growing economies in Asia this year, according to Asian Development Bank data, and place it ahead of China. The development bank forecasts China’s GDP to grow at 6% ... Countries in much of Southeast Asia have picked up some of their capital....
Edit

BRT, a politically motivated project, launched in haste

The News International 14 Jan 2020
The PDA stated that a proper pre-feasibility was also conducted by the Cities Development Initiative for Asia (CDIA), jointly supported by the Asian Development Bank (ADB), German and Swedish Development authorities, through a grant of $372,000 and was completed in May 2014....
Edit

The age of the mega drought

The News International 11 Jan 2020
This year alone, according to data from the Manila-based Asia Development Bank, drought has been severe in Laos, Philippines, Thailand and Vietnam, while Cambodia, Indonesia, Malaysia and Myanmar have all seen moderate drought....
Edit

Mega Droughts Engulf Countries

Dissident Voice 11 Jan 2020
... Results ... Pray for Rain or Migrate.” ... Hmm ... Throughout much of Asia drought is becoming the norm rather than the exception. This year alone, according to data from the Manila-based Asia Development Bank, drought has been severe in Laos, Philippines, Thailand and Vietnam, while Cambodia, Indonesia, Malaysia and Myanmar have all seen moderate drought.4 ... ....
Edit

There’s Almost No Chance of a Recession This Year, Experts Say. Here’s Why.

Barrons 11 Jan 2020
Valuations of bonds and other fixed-income instruments seem extreme in many countries; there are still negative interest rates in several developed economies ... What isn’t baked in the valuation cake are possible foreign-policy developments ... has also failed to participate in the new iteration of the Asian Development Bank, ceding more ground to China....
Edit

Markets Will Gain Despite Looming Risks, According to Barron’s Roundtable Panelists

Barrons 11 Jan 2020
Valuations of bonds and other fixed-income instruments seem extreme in many countries; there are still negative interest rates in several developed economies ... What isn’t baked in the valuation cake are possible foreign-policy developments ... has also failed to participate in the new iteration of the Asian Development Bank, ceding more ground to China....
Edit

To avert flood chaos, Jakarta urged to defend nature

Asahi News 08 Jan 2020
Southeast Asia's biggest city is located by the coast and built on a swampy plain, with 40 percent lying below sea level ... Past floods highlight the importance of better early warning systems and community preparedness, said Abhas Jha, East Asia and Pacific manager for urban development and disaster risk at the World Bank....
Edit

Malaysia's Rise, From Buckets and Hanging Toilets, to Universal Sanitation

Voa News 07 Jan 2020
A consultant in the sanitation and wastewater sector, Narayana analyzed Malaysia for the book Water Insecurity and Sanitation in Asia, published last month by the Asian Development Bank Institute and the National University of Singapore’s Lee Kuan Yew School of Public Policy....
Edit

Tibaldo: Vision 2020 -- riding high with digital economy

Sun Star 06 Jan 2020
Asia's digital transformation according to the Asian Development Bank (ADB) two years ago is already having a massive impact on the region's economies. In February of 2018, Asia's e-commerce transactions account for 25 percent of the business to consumer market in the world with China based companies like Alibaba finding a niche at the top....
Edit

ADB inks $50 million satellite deal backed by Japan to spread internet use in Asia-Pacific

Japan Times 05 Jan 2020
The Asian Development Bank has signed a $50 million loan agreement to spur internet use in the Asia-Pacific region, with half the financing coming from ... ....
×