Asian Development Bank
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Japan hosts Mekong River leaders...taking office in September. Much of the Mekong region has lagged in economic development for years, but China, Japan, the Asian Development Bank and others have stepped up investment in recent years. China excluded "Narrowing the... In this article: Mekong, Japan, China, Yukio Hatoyama, South East Asia, Tokyo, Burma, Cambodia, and Climate change |
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The Australian | 5 days ago
Background Note: Maldives
...Management Ltd. Over the years, the Maldives has received economic assistance from multilateral development organizations, including the UN Development Program (UNDP), Asian Development Bank, and the World Bank. Individual...
In this article: Maldives, United States, Department of State, Maumoon Abdul Gayoom, Male, Islam, Sri Lanka, Maldivian Democratic Party, and International Monetary Fund
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Financial Times | October 25, 2009
East Asia warned on currency threat
...currency co-operation to prevent a recurrence of violent fluctuations that have raised trade tensions in the region, said the president of the Asian Development Bank on Sunday. Haruhiko Kuroda said currency movements threatened the growth...
In this article: Asean, East Asia Summit, Yukio Hatoyama, China, Europe, Wen Jiabao, and Ben Bernanke
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Yahoo! News | September 07, 2009
AP IMPACT: E. Timor aid where did billions go? (AP)
...2009. Roughly $3 billion in donor aid the bulk of it from Australia, Japan, the European Union, the U.S. and Portugal was channeled through 500 not-for-profit groups and institutions like the World Bank and Asian Development Bank. The...
In this article: U.N., East Timor, World Bank, International Monetary Fund, Timor, Dili, Poverty, World Food Program, Jose Ramos-Horta, and Norwegian Agency for Development Cooperation
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Telegraph.co.uk - International news | October 04, 2009
Former Japanese minister Shoichi Nakagawa found dead
...cent. "Well, it's still extremely low," he trailed off. He also managed to claim that Japan had promised to provide the Asia Development Bank with $1 billion, which it had not. His body was found by his wife in the bedroom of their Tokyo...
In this article: Shoichi Nakagawa, Asia Development Bank, Suicide, Liberal Democratic Party, Bank of Japan, G7, Tokyo, Rome, and Minister of Finance
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SignOnSanDiego.com RSS Feeds Business | September 22, 2009
Asian markets lower as months long rally sputters
...was closed for a national holiday. Asian markets were invigorated Tuesday by the Asian Development Bank raising its growth forecasts for China and India, two of the region's biggest economies. Investors have piled into Asian equities...
In this article: The Fed, Dow Jones Industrial Average, Singapore, Hong Kong, Unemployment, New York Mercantile Exchange, Hong Kong Stock Exchange, Nasdaq composite index, and Standard & Poor's 500
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San Francisco Chronicle | October 25, 2009
Leaders of 16 Asian nations meet in Thailand
...role in driving global economic recovery and in reforming the international financial architecture," it said, noting that the Asian Development Bank recently revised its forecasts for East Asian economic growth from 3.4 to 3.9 percent...
In this article: Asean, Abhisit Vejjajiva, Thein Sein, Thailand, Democracy, East Asia Summit, Myanmar, Southeast Asia, and Goods and services
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Centre Daily Times | September 22, 2009
World markets higher amid recovery optimism
...closed for holidays. The Asian Development Bank raised its growth estimates for much of the region - including heavyweights China and India - but warned against exiting from stimulus efforts too quickly. Investors have been piling...
In this article: The Fed, Dow Jones Industrial Average, Asia, Wall Street, India, China, and Standard & Poor's 500
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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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