Asian Development Bank
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Cutting Red Tape key to improved trade among Asia-Pacific?...benefits from international trade for economies in Asia and the Pacific, according to a new report from the United Nations and the Asian Development Bank (ADB). 'The hidden costs of trade are high in some cases up to 15 per cent of the... In this article: Asia, Pacific, Goods and services, Asian Development Bank, and United Nations |
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New Kerala | 2 days ago
Work begins on ADB-funded hydropower project in Himachal
Kullu (Himachal Pradesh), Nov 27 : Work on the Asian Development Bank funded-Sainj hydropower project in Kullu district in Himachal Pradesh started Friday, an official said. "The chief minister (Prem Kumar Dhumal) laid the foundation stone...
In this article: Kullu, Prem Kumar Dhumal, and India
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ADB santions 65 million dollars loan for electricity work in Nepal
Singapore, Nov 27 : The Asian Development Bank (ADB) has approved a loan of 65 million dollars to strengthen and expand nepal's electricity transmission and distribution facilities in a bid to cut network losses and reduce frequent supply...
In this article: Nepal, Climate change, Carbon dioxide, Singapore, and India
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Reuters | 5 days ago
India not looking at inflow caps now
The IMF's chief economist on Monday warned of bubbles in emerging markets on uncontrollable capital movements, which was echoed by the Asian Development Bank on Tuesday. The Indian rupee has risen 12 percent from a record low in early...
In this article: Inflation, India, Fiscal year, IMF, and Manmohan Singh
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ADB economist: sensible to limit short-term inflows
The Asian Development Bank (ADB) said on Tuesday it makes sense for Asian governments to try to control short-term capital inflows that would undermine the sustainability of their economic recoveries. "It makes sense to me if government...
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ADB says working with China on second panda bond
ADB says working with China on second "panda bond" The Asian Development Bank (ADB) is working with the Chinese authorities to issue a yuan-denominated "panda bond," a second tranche since 2005, a senior ADB economist said on Tuesday.
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Foreign inflows in emerging East Asia could pose risk-ADB
...and higher interest rates in emerging East Asia are drawing in large foreign investments, inflows which could be potentially destabilising, the Asian Development Bank said in a report. The Manila-based multilateral bank said the risks to...
In this article: East Asia, Inflation, Manila, Singapore, Hong Kong, Vietnam, and Thailand
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ADB to fund Punjab's tourism project
...Chief Minister Parkash Singh Badal today gave the green signal to the Rs 315 crore Tourism Infrastructure Development Project funded by the Asian Development Bank (ADB). The decision to this effect was taken by him in a meeting with a...
In this article: Punjab, Parkash Singh Badal, Amritsar, Sustainable development, and Natural heritage
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washingtonpost.com | 6 days ago
Philippine police search for US suspect
At the time, Ivler was driving a car with diplomatic plates owned by his stepfather, Stephen Pollard, an executive at the Asian Development Bank, San Diego said. Pollard's diplomatic immunity did not extend to his son, said national...
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AP Online | November 21, 2009
Afghan road builder's dream thwarted by violence
...is for Afghans willing to take part in that effort, and how little help there is for them when things go wrong. "Multiply him by 1,000, and you'll understand why the entire reconstruction effort in Afghanistan is getting so bogged down,"...
In this article: Taliban, Afghanistan, and Kabul
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Hawaii anticipates tourism boost from APEC
...leaders Sunday. Other U.S. areas considered to host the meeting were San Francisco, Los Angeles-Orange County, New York and Miami. The Asian Development Bank meeting in 2001 was the last high-level international gathering in Honolulu.
In this article: Hawaii, Asia-Pacific Economic Cooperation, Barack Obama, Linda Lingle, Honolulu, United States, and East-West Center
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Description from Wikipedia:
The Asian Development Bank (ADB) is a regional development bank established in 1966 to promote economic and social development in Asian and Pacific countries through loans and technical assistance. It is a multilateral development financial institution owned by 67 members (as of 2 February 2007), 48 from the region and 19 from other parts of the globe. ADB's vision is a region free of poverty. Its mission is to help its developing member countries reduce poverty and improve the quality of life of their citizens.
The work of the Asian Development Bank (ADB) is aimed at improving the welfare of the people in Asia and the Pacific, particularly the 1.9 billion who live on less than $2 a day. Despite many success stories, Asia and the Pacific remains home to two thirds of the world's poor.
The bank was conceived with the vision of creating a financial institution that would be "Asian in character" to foster growth and cooperation in a region that back then was one of the world's poorest. ADB raises funds through bond issues on the world's capital markets, while also utilizing its members' contributions and earnings from lending. These sources account for almost three quarters of its lending operations.
Although recent economic growth in many member countries have led to a change in emphasis to some degree, throughout most of its history the bank has operated on a project basis, specifically in the areas of infrastructure investment, agricultural development and loans to basic industries in member countries. Although by definition the bank is a lender to governments and government entities, it also provides direct assistance to private enterprises and has also participated as a liquidity enhancer and best practice enabler in the private sectors of regional member countries.
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