About the Asian Development Bank
ASIAN DEVELOPMENT BANK MANILA8 April 2008Chairman of the Board of GovernorsAsian Development Bank Dear Mr. Chairman,In accordance with Article 39 of the Articles ofAgreement of the Asian Development Bank andSection 13 of its By-Laws, I hereby submit to the Boardof Governors
Annual Report 2007,
which includes theactivities of the Special Funds.
Annual Report 2007
alsoincludes the financial statements prescribed in Section15 of the By-Laws.Sincerely,Haruhiko KurodaPresident and ChairmanBoard of Directors
2008 Asian Development Bank Every effort has been made to ensure theaccuracy of the data used in this publication.Variations in data in ADB publications oftenresult from different publication dates, althoughdifferences may also come from sourceand interpretation of data. ADB accepts noresponsibility from any consequence of their use.The term “country,” as used in the context ofADB, refers to a member of ADB and does notimply any view on the part of ADB as to themember’s sovereignty or independent status.In this publication, $ refers to US dollars.ISSN 306-8370Printed in the Philippines.
ADB's vision is an Asia and Pacific region free of poverty. Its mission is to help its developing membercountries substantially reduce poverty and improve the quality of life of their people. Despite the region'smany successes, it remains home to two thirds of the world's poor. Nearly 1.7 billion people in the regionlive on $2 or less a day. ADB is committed to reducing poverty through inclusive economic growth,environmentally sustainable growth, and regional integration.Based in Manila, ADB is owned by 67 members, including 48 from the region. Its main instrumentsfor helping its developing member countries are policy dialogue, loans, equity investments, guarantees,grants, and technical assistance. In 2007, it approved $10.1 billion of loans, $673 million of grantprojects, and technical assistance amounting to $243 million.