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20038555 Asian Development Bank Adb

20038555 Asian Development Bank Adb

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Published by Rakesh

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Categories:Types, School Work
Published by: Rakesh on May 18, 2010
Copyright:Attribution Non-commercial

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05/25/2010

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ASIAN DEVELOPMENT BANK(ADB)
Rakesh Reddy EMBA, Nizam College.
 
INTRODUCTION
The
 Asian Development Bank (ADB)
is a regionaldevelopment bank established in 1966 to promoteeconomic and social development in Asian and Pacificcountries through loans and technical assistance.Formation: December 4th 1966Headquarter: Manila (Philippines).President: Haruhiko KurodaMembers: 67 member countries.Staff : 2500+
 
BACKGROUND
 ADB was conceived amid the postwar rehabilitation andreconstruction of the early 1960s.The vision was of a financial institution that would be Asian incharacter and foster economic growth and cooperation in theregion – then one of the poorest in the world.In Dec, 1963 the Economic commission for Asia and far-east(ECAFE) conference was held in Manila, Philippines. ADB was established in Manila on December 4, 1966.

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