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Asian Development Bank - A Complete Review

Asian Development Bank - A Complete Review for IBPS PO, IBPS CLERK, INSURANCE EXAMS, RRB OFFICER SCALE 1, RRB ASSISTANT, SBI PO, SBI CLERK

ASIAN DEVELOPMENT BANK (ADB) - A COMPLETE REVIEW

Essential for All Upcoming Bank Exams
Introduction: 
  • Asian Development Bank (ADB) was established on 19th December, 1966
  • It is headquartered in Mandaluyong, Metro Manila, Philippines
  • This is a regional development bank. 
  • At first it was opened with 31 members and Takeshi Watanabe from Japan was ADB’s first President. 
  • Now there are 67 members, out of which 48 are between Asia and the Pacific region and 19 out of the outer. 
  • The company operates 31 regional offices around the world for social and economic development in Asia. 
  • ADB loans, technical assistance, grants and equity investments for social and economic development of its members and partners to provide help. 




Objectives: 
  • To promote economic growth and cooperation in Asia and East Asia, and developing members of this region together and individually to contribute to the development of economic development process. 
  • Reduced poverty in Asia and the Pacific region through integrated economic growth, environmental sustainable growth and regional integration. 
  • Lends money to member countries for developmental projects. 
Organisations: 
  • 1 Board of Governor. 
  • 12 Board of Directors. 
  • 1 President. [Takehiko Nakao] 
  • 4 Vice Presidents. 
  • Managing Director General. 
History of ADB: 
  • In 1960, ADB made many of its cooperation on food production and rural development. During this time, Asia was in the poorest region of the world. 
  • In 1966, ADB was established. 
  • Between 1967 and 1972, Indonesia, Thailand, Malaysia, the Korean Republic and the Philippines, which established important trade links to Japan. These countries hold 78.48% of total ADB loan. 
  • From 1966 to 1972, Takeshi Watanabe served as the first ADB president
  • In 1974, the ADB provided financial support for the low interest rates of ADB poor members. 
  • In 1982, ADB opened its first office for the first time and later expanded it with the Non-Governmental Organization (NGO) in the decade of the decade. 
  • In the 1990s, ADB started work on trade and trade together regional cooperation by helping countries in the Mekong River work. 
  • In 1997, ADB responded by the financial crisis that it hit the region with projects designed to strengthen financial zones and create a social security jacket for the poor. 
  • In 2003, when Severe Acute Respiratory infection (SARS) hit the epidemic region, ADB provided national and regional support to help the countries. 
  • In 2009, ADB Governor Governors agreed to triple the ADB capital bank from 55 billion US dollar to 165 billion US dollar to respond to the global financial crisis. 
  • In 2012, ADB began to re-join Myanmar in response to the reforms raised by the government. 
  • In 2017, ADB combines the loan program through its Asian Development Fund (ADR) and General Funding Organization (OCR)
Functions of ADB: 
  • Providing loans for economic and social development of member countries of the region. 
  • Providing technical support for development projects and program preparation, financing and execution. 
  • Promote investment in the public and private capital areas for development. 
  • Provide financial and technical support to member countries for environmental protection. 


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