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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SE Asian economies languish amid pandemic

Shenzhen Daily 12 May 2021
All four countries have faced a surge of COVID-19 cases in recent weeks, part of the broader challenge across Asia’s developing economies to stem a renewed outbreak, particularly in India ... The Asian Development Bank late last month lowered its 2021 forecast for the region to 4.4 ......
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Southeast Asia flags amid virus

Taipei Times 11 May 2021
All four countries have faced a surge of COVID-19 cases in the past few weeks, part of the broader challenge across Asia’s developing economies to stem a renewed outbreak, particularly in India ... The Asian Development Bank late last month lowered its forecast for the region to 4.4 ......
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ADB rules out coal, sets conditions for gas projects in draft energy policy

Straits Times 10 May 2021
SINGAPORE - The Asian Development Bank has said it ... The Bank said it will develop more detailed guidelines on future gas investments ... The Asian Development Bank also noted that many countries in Asia are highly exposed and vulnerable to natural hazards and impacts of climate change....
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Emerging market central banks raise more rates

Shenzhen Daily 10 May 2021
EMERGING market central banks delivered more rate rises than cuts in April, marking the end of an easing cycle that had started in 2019 as central banks, especially in emerging Europe and central Asia, grapple with rising inflation pressures....
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Philexport: Reallocate 20% of conditional cash transfer fund to MSME lending

Sun Star 10 May 2021
... Inc., said in a recent e-forum that despite comprising the overwhelming majority of businesses and accounting for up to 65 percent of total employment and 30 percent of gross domestic product, “the Philippine MSME sector is the most under-banked sector in the whole of Asia.”....
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Asian Development Bank to end coal, oil and gas financing: Draft statement

The Jakarta Post 09 May 2021
The Asian Development Bank will no longer finance coal mining or oil and natural gas activities, it announced in a draft policy statement on Friday, a move ... The multilateral development bank, which focuses on eradicating poverty in Asia, provided no timeline for its commitment....
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Asian Development Bank to end coal, upstream oil and gas financing

Live Mint 08 May 2021
The Asian Development Bank will no longer finance coal mining or oil and natural gas production and exploration, it announced in a draft policy statement on ... The multilateral development bank, which focuses on eradicating poverty in Asia, provided no timeline for its commitment....
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Asian Development Bank to end coal, oil and gas financing -draft statement

Hellenic Shipping News Worldwide 07 May 2021
The multilateral development bank, which focuses on eradicating ......
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CSOs, green groups to ADB: be a bank for sustainable Asian development

Journal Online 06 May 2021
... in the Philippines and Asia ... “ADB surely would not want to be remembered simply as the bank that failed to properly assess and support Asia’s energy and development needs, whose investments helped turn it instead into a highly polluted, debt-ridden, and poverty-laden region....
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Helping the Other 66%

MENA FN 06 May 2021
This assistance could be financed by carbon taxes, which ideally would be intermediated by a World Carbon Bank, a new global institution focused on helping developing countries to decarbonize ... And those people would also benefit from a significant expansion of the World Bank's aid arm, the International Development Association....
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ADB outlines plan to ensure "stronger" Asia-Pacific recovery from pandemic

People Daily 06 May 2021
MANILA, May 5 (Xinhua) -- The Asian Development Bank (ADB) expressed optimism on Wednesday that the Asia-Pacific region can emerge from the COVID-19 pandemic "even stronger than before" by focusing on five areas to help achieve a "prosperous, inclusive, resilient, and sustainable future."....
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ADB to enhance adaptation in response to climate change threat

Malaysian National News Agency 05 May 2021
KUALA LUMPUR, May 4 -- The Asian Development Bank (ADB) will increase its focus on adaptation and resilience to climate change in response to ......
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US climate envoy says islands face 'existential' threat

RTE 04 May 2021
... the Manila-based Asian Development Bank's annual meeting ... Asian Development Bank president Masatsugu Asakawa told the seminar the Asia Pacific region, which includes China, the world's biggest polluter, was responsible for about 50% of global greenhouse gas emissions....
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