Important Points to know about Asian Development Bank (ADB)

    Important Points to know about Asian Development Bank (ADB)
    Important Points to know about Asian Development Bank (ADB):
    Important points that we have to know about the Asian Development Bank (ADB) were given here, which will be more helpful for the candidates those who are preparing for the upcoming exams.

    ASIAN DEVELOPMENT BANK

    1).Asian Development Bank is a regional development bank which facilitates the economic development in Asia

    2). It was formed on22nd August 1966

    3). Headquarters –Metro Manila, Philippines

    4). Members include the non-regional developed countries andmembers of United Nations Economic and Social Commission for Asia and the Pacific

    5). Consists of67 member countries out of which
    ·        48-countries within Asia and the Pacific
    ·        19-outside Asia-Pacific region

    6). Major Organs of Bank
    ·        Board of Governors
    ·        Board of Directors and Managers
    ·        President

    7). President –Takehiko Nakao from2013
    PRESIDENTS
    DATES
    Takeshi Watanabe
    1966-1972
    Shiro Inoue
    1972-1976
    Taroichi Yoshida
    1976-1981
    Masao Fujioka
    1981-1989
    Kimimasa Tarumizu
    1989-1993
    Mitsuo Sato
    1993-1999
    Tadao Chino
    1999-2005
    Haruhiko Kuroda
    2005-2013

    8). Importantprojects undertaken byAsian Development Bank
    • Afghan Diaspora Project.
    • Earthquake and Tsunami Emergency Support Project in Indonesia.
    • Greater Mekong Subregional Program.
    • ROC Ping Hu Offshore Oil and Gas Development.
    • Colombo Harbour Expansion Project.
    • Trans-Afghanistan Gas Pipeline Feasibility Assessment.

    9). ADB offers two type of loans
    • Hard loans – from Ordinary Capital Resources (ORC) and Asian Development Fund(ADF).
    • Soft loans – from special fund resources including 50% paid-in and callable elements.

    10). Top5-share holders of ADB
    ·        Japan –15.67%
    ·        United States –15.56%
    ·        China –6.47%
    ·        India –6.35%
    ·        Australia –5.81%

    11). Top five countries voting power in %
    ·        Japan –12.84%
    ·        United States –12.75%
    ·        China –5.47%
    ·        India –5.38%
    ·        Australia –4.94%

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