asian development bank wikipedia - EAS
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The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines. The bank also maintains 31 field offices around the world to promote social and economic … See more
The highest policy-making body of the bank is the Board of Governors, composed of one representative from each member state. The Board of Governors, in turn, elect among themselves the twelve members of the … See more
1960s
As early as 1956, Japan Finance Minister Hisato Ichimada had suggested to United States Secretary of State John Foster Dulles that development projects in Southeast Asia could be supported by a new financial … See moreADB provides direct financial assistance, in the form of debt, equity and mezzanine finance to private sector companies, for projects that have clear social benefits beyond the financial … See more
More than 50 financing partnership facilities, trust funds, and other funds – totalling several billion each year – are administered by … See more
Aim
The ADB defines itself as a social development organization that is dedicated to reducing poverty in Asia and the Pacific through inclusive See moreThe ADB offers "hard" loans on commercial terms primarily to middle income countries in Asia and "soft" loans with lower interest … See more
ADB partners with other development organizations on some projects to increase the amount of funding available. In 2014, $9.2 … See more
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