Asian Development Bank (ADB)
Banque asiatique de développement (BAD)
Banco Asiatico de Desarrollo
Asiatische Entwicklungsbank (AEB)
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24 Nov 1966, Manila (Philippines), at Inaugural Meeting of the Board of Governors. Establishment followed recommendations of 1st Ministerial Conference on Asian Economic Cooperation, Dec 1963, Manila, under the auspices of the then United Nations Economic Commission for Asia and the Far East (ECAFE), currently United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), which set up a Working Group of Experts. A Consultative Committee was set up during 21st Session of ECAFE, Mar 1965, Wellington (New Zealand), to prepare a draft agreement. Articles of Agreement were adopted at 2nd Ministerial Conference on Asian Economic Cooperation, Nov-Dec 1965, Manila, and entered into force with the ratification or acceptance by 15 Signatories on 22 Aug 1966. Bank commenced operations on 19 Dec 1966 in Manila with 31 members.
Five strategic objectives in the Medium-Term Strategic Framework: catalyzing investment; strengthening inclusiveness; promoting regional cooperation and integration; encouraging effective environmental management; improving governance and preventing corruption.Available with paid subscription only.
are dedicated to poverty reduction in Asia and the Pacific, a region that is home to two thirds of the world's poor. ADB is owned and financed by its 67 member countries, of which 48 are from the region and 19 are from other parts of the globe. Contributes low interest loans, guarantees, grants, private sector investments and knowledge and advice to help build infrastructure and improve essential services such as health and education to boost quality of life, particularly for the nearly 1.9 billion people in the region still living on US$ 2 or less a day. Focus is on encouraging economic growth, social development and good governance, while promoting regional cooperation and integration in partnership with governments, the private sector, and nongovernment and international organizations. Although most lending is in the public sector - and to governments - ADB also provides direct assistance to private enterprises of developing countries through equity investments, and loans. In addition, its triple-A credit rating helps mobilize funds for development.
ADB approved 80 loans (67 projects) for US$ 7,400 million, 14 equity investments for US$ 260.5 million, 3 guarantees for US$ 124.8 million, 5 syndication operations for US$ 530 million, 43 grant projects for US$ 538.4 million, 260 technical assistance projects for US$ 241.6 million, and 8 multi-tranche financing facilities for US$ 3,800 million. ADB approved 43 grant projects for US$ 538.4 million in 2006. Of this amount: US$ 274.9 million was funded from the ADF IX; US$ 28.5 million from the Asian Tsunami Fund and Pakistan Earthquake Fund; US$ 235 million from external sources with full or partial administration by ADB, comprising US$ 67.9 million from the Japan Fund for Poverty Reduction, US$ 1 million from the Japan Fund for Information and Communication Technology, and US$ 166.1 million from other bilateral and multilateral sources (Australia, Canada, Finland, Republic of Korea, the Netherlands, New Zealand, Norway, Sweden, Switzerland, and UK).
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Members in 67 countries
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UN Sustainable Development Goals **
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** UN SDGs are linked to the subject classification.
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