What does ADB do?

ADB's overarching goal is to reduce poverty in Asia and the Pacific. It helps improve the quality of people's lives by providing loans and technical assistance for a broad range of development activities. Find out more about our operations.
Top

How much does ADB spend for its operations?
ADB's 2010 budget has been prepared taking into account the thrust of ADB's strategies, policies, and work programs. View ADB's budget for 2010. [ PDF ]
Top

How is ADB different from commercial banks?
ADB is a multilateral development finance institution that engages in mostly public sector lending for development purposes in its developing member countries. ADB's clients are its member governments, who are also its shareholders.
Top

Can an individual borrow from ADB?
No. ADB is a development bank that lends to governments for development projects. It has no individual clients.
Top

Why is ADB in Manila?
On 30 November 1965, delegates of the United Nation's Economic Commission for Asia and the Far East voted Manila to host the ADB headquarters.
Top

Does ADB have offices in other countries?
Yes. Our headquarters is in Manila, Philippines. We also have offices in many borrowing countries in Asia and the Pacific region as well as in three cities in developed member countries, namely, Frankfurt, Tokyo, and Washington, DC.
Top

What development issues does ADB focus on?
We focus on poverty reduction. In doing so, we emphasize:

y

Catalyzing investment from the private sector

we have played a significant contribution in economic and social transformation of Asia and the Pacific . ADB's main instruments comprise loans. of which 48 are from the region and 19 are from other parts of the globe.boosting economic growth. Key findings reveal that stakeholders strongly acknowledge ADB's impact on development. ADB is owned and financed by its 67 members. and competent organization with excellent knowledge of the region. fostering social development. In pursuing its vision. Our Vision . A considerable majority of stakeholders view ADB as a trusted. and established in 1966. ADB also received high marks for its work in improving infrastructure and supporting regional economic cooperation and integration.an Asia and Pacific Free of Poverty ADB is an international development finance institution whose mission is to help its developing member countries reduce poverty and improve the quality of life of their people. advice. while doing more to strengthen governance and gender equality. stakeholders believe that ADB could improve its performance in the areas of bureaucracy. . grants. Over the years.y y y y Strengthening inclusiveness Promoting regional cooperation and integration Encouraging effective environmental management Improving governance and preventing corruption Top Has ADB really made any difference? Yes. At the same time. nongovernment organizations. and helping improve the quality of life for millions of people. a long-term strategic framework adopted in 2008. and foundations. speed. ADB is a development bank.and tries to maximize the former and minimize the latter. and regional integration. community-based organizations. reliable. Top Is ADB a driving force behind globalization? No. Headquartered in Manila. and project execution and monitoring. and knowledge. It recognizes both the potential benefits and the downside risks of globalization . Under Strategy 2020. The 2009 ADB Perceptions Survey gauges stakeholders' perceptions of ADB's mission to help reduce poverty and contribute to development in Asia and the Pacific. technical assistance. ADB will follow three complementary strategic agendas: inclusive growth. focused exclusively on reducing poverty in the Asia-Pacific region. development agencies. ADB's main partners are governments. the private sector. environmentally sustainable growth.

its triple-A credit rating helps mobilize funds for development.and to governments .[3] Organization ADB Headquarters.[2] The bank admits the members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP. Traditionally.Although most lending is in the public sector . and because Japan is one of the largest shareholders of .org/About/ ADB "ASDB" redirects here.756% each. Metro Manila The highest policy-making body of the bank is the Board of Governors composed of one representative from each member state. both the United States and Japan hold 552. ADB was modeled closely on the World Bank. http://www. the largest proportion of shares at 12. The Board of Governors. see Arizona State Schools for the Deaf and Blind.[2] From 31 members at its establishment. formerly known as the United Nations Economic Commission for Asia and the Far East) and non-regional developed countries. ADB now has 67 members . and may be reelected.210 shares. The president has a term of office lasting five years. elect among themselves the 12 members of the Board of Directors and their deputy. Asian Development Bank member states Outside regions Asia-Pacific region The Asian Development Bank (ADB) is a regional development bank established on 22 August 1966 to facilitate economic development of countries in Asia. and loans. For the Arizona state agency. At present.ADB also provides direct assistance to private enterprises of developing countries through equity investments. and has a similar weighted voting system where votes are distributed in proportion with member's capital subscriptions. guarantees. in turn.adb. The Board of Governors also elect the bank's President who is the chairperson of the Board of Directors and manages ADB.of which 48 are from within Asia and the Pacific and 19 outside. Eight of the 12 members come from regional (Asia-Pacific) members while the others come from non-regional members. In addition.

the bank. . Philippines.7 million (22. Thailand. The bank employs approximately 2. Japan contributed $173. and it has representative offices around the world. it received the presidency and some other crucial "reserve positions" such as the director of the administration department. Japan tied its special funds contributions to its preferred sectors and regions and procurements of its goods and services. Mandaluyong City. as reflected in its $100 million donation for the Agricultural Special Fund in April 1968.[2] Takeshi Watanabe served as the first ADB president from 1966 to 1972. Malaysia. Japan received tangible benefits. which was later endorsed by the government.6% of the total) to the special funds.[2] The ADB served Japan's economic interests because its loans went largely to Indonesia. South Korea and the Philippines. Once the ADB was founded in 1966.6 million (59.6% of the total) to the ordinary capital resources and $122. Moreover. Metro Manila. 41. The current President is Haruhiko Kuroda.48% of the total ADB loans in 1967-72.25 million for the special fund. The Japanese felt that its interest in Asia was not served by the World Bank and wanted to establish a bank in which Japan was institutionally advantaged. these nations accounted for 78. Japan took a prominent position in the bank.400 people. the United States contributed only $1. the countries with which Japan had crucial trading ties. the President has always been Japanese. coming from 55 of its 67 member countries.67% of the total procurements in 1967-76. By the end of 1972. [edit]History [edit]1962-1972 ADB was originally conceived by some influential Japanese who formulated a "private plan" for a regional development bank in 1962. and with more than half of the staff being Filipino. who succeeded Tadao Chino in 2005. The headquarters of the bank is at 6 ADB Avenue. In contrast.

In addition.5 percent in 1981 and 41. He announced an ambitious plan to expand the ADB into a highimpact development agency. particularly the International Finance Bureau (IFB). adopted an assertive leadership style.9 percent in 1986. to 40 percent of its total loans from around 30 percent at the time.8 percent from Europe and 11. directors.S. with open criticism from the Americans at the 1985 annual meeting.[2] The ADB also committed itself to increasing loans for social issues such as education.4 percent (out of $6.4 percent in 1972 to 35.1 million) in 1973-86.4 percent of the total in 1987-93. compared to 45. the fourth president (1981±90). compared to 39. Japan has become more assertive since the mid 1980s. Fujioka Masao. 29. Japanese manufacturers were pushed by high yen to move to Southeast Asia. different from the previous period.[edit]1972-1986 Japan's share of cumulative contributions increased from 30.9 percent from the United States. His plan and banking philosophy led to increasing friction with the U. health and population. However. 30. Japan was a crucial source of ADB borrowing.0 per. The ADB played a role in channeling Japanese private capital to Asia by improving local infrastructure. In addition. Japan's plan was to use the ADB as a conduit for recycling its huge surplus capital and a "catalyst" for attracting private Japanese capital to the region.729. urban development and environment. Japan has been a crucial lender to the ADB. After the 1985 Plaza Accord.9 percent in 1986 to 50.7 percent from the United States. [edit]Since 1986 Its share of cumulative contributions increased from 41.[2] During this period there was a strong parallel institutional tie between the ADB and the Japanese Ministry of Finance.cent in 1993. Japanese presidents Inoue Shiro (1972±76) and Yoshida Taroichi (1976±81) took the spotlight.1 percent from Europe and 12.[2] [edit]Lending The ADB offers "hard" loans from ordinary capital resources (OCR) on commercial terms. and the Asian Development Fund (ADF) affiliated with the ADB extends "soft" loans from special fund resources with .

The ADB borrows from international capital markets with its capital as guarantee. a 200% GCI allows lending of $12. More than half of ADB's assistance has gone into building infrastructure .roads. and water and sanitation facilities.concessional conditions.[5] http://en. the bank's capital base has tripled from $55 billion to $165 billion. Such infrastructure helps lay the foundation for commerce and economic growth and makes essential services accessible to the poor. Private Sector (Nonsovereign) Operations: ADB approved 21 nonsovereign projects worth $2. ADB uses guarantees and equity investments to help its developing member countries. finance. a 50 percent paid-in ratio for the initial subscription. 105 loans to 22 developing member countries totaling $10.5 million . Approved loans from ADB's ordinary capital resources (OCR) total about $8. and 333 technical assistance projects worth $326. grants. and transport and communications. power plants.org/wiki/Asian_Development_Bank Operations Updated: 14 January 2010 For more than 40 years. ADB obtained member-contributions for its Fifth General Capital Increase of 200%. members subscribe capital.[4] With this increase.41 billion. social infrastructure. industry and nonfuel minerals. Operations Update 2010 (as of 31 December 2010) Public Sector (Sovereign) Operations: ADB approved. in response to a call by G20 leaders to increase resources of multilateral development banks so as to support growth in developing countries amid the global financial crisis. In addition to loans.wikipedia. and technical assistance.5-13. including paid-in and callable elements.0 billion in 2011. in 2010.22 billion came from ADB's concessional Asian Development Fund (ADF).17 billion Grants: ADB approved 60 grant-financed projects totaling $1. 5 percent for the Third General Capital Increase (GCI) in 1983 and 2 percent for the Fourth General Capital Increase in 1994.[2] In 2009.05 billion.20 billion. while $2. energy. For OCR. airports. For 2010 and 2011.0 billion in 2010 and about $11. ADB has supported projects in agriculture and natural resources.

and export credit sources. and equity investments. Loans Ordinary Capital Resources LIBOR-based Loans (LBL) Local Currency Loans (LCL) Pool-based Single Currency Loan Products Pilot Financing Instruments Asian Development Fund Loans Grants Asian Development Fund Grants Grants from other special and trust funds Other Products Guarantees Equity Investments Technical Assistance Cofinancing Debt Management Products Trade Finance Program . ADB mobilizes financial resources through cofinancing operations that tap official. It also provides technical assistance. Most of ADB's lending comes from its ordinary capital resources. commercial.Financial Products ADB finances loan and grant projects in the territories of its developing member countries (DMCs). ADB's financial products are financed from ordinary capital resources (OCR) as well as special and trust funds. of which the Asian Development Fund (ADF) is the largest. guarantees.to middle-income countries. a pool of funds offered at near-market terms to lower. To maximize the development impact of its assistance. The Asian Development Fund offers loans at very low interest rates and grants that help reduce poverty in ADB's poorest borrowing countries.

Sign up to vote on this title
UsefulNot useful