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ADB's Impact on ASEAN Development

The Asian Development Bank (ADB) is a regional development bank established in 1966 with headquarters in Manila, Philippines. ADB was founded to foster economic growth and cooperation in Asia, which was one of the poorest regions in the world at the time. During its early years, ADB focused on assistance for food production and rural development, and established funds to provide low-interest loans to its poorest members. Over time, ADB has expanded its membership and shifted its priorities in response to changing economic conditions and crises across Asia.

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148 views6 pages

ADB's Impact on ASEAN Development

The Asian Development Bank (ADB) is a regional development bank established in 1966 with headquarters in Manila, Philippines. ADB was founded to foster economic growth and cooperation in Asia, which was one of the poorest regions in the world at the time. During its early years, ADB focused on assistance for food production and rural development, and established funds to provide low-interest loans to its poorest members. Over time, ADB has expanded its membership and shifted its priorities in response to changing economic conditions and crises across Asia.

Uploaded by

Yeji
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

WELCOME

Asian Development Bank


Start
Start
Auman, Mae Khaila
Batulan, Mia Camille
Bolabola, Sheala Eve Marie
Caputolan, Kate Ashley
Fuentes, Charlene
History of Asian Development Bank

Origin

• Founded on 1960s as a financial institution that


would foster economic growth and cooperation in
one of the poorest regions in the world.
• Philippines was chosen to host the new institution, Asian Development
which opened on 19 December 1966, with 31 Bank
The Asian Development Bank is a regional development bank
members that came together to serve a predominantly established on 19 December 1966, which is headquartered in
agricultural region. the Ortigas Center located in the city of Mandaluyong, Metro
Manila, Philippines. The company also maintains 31 field
• Takeshi Watanabe was ADB's first President. During offices around the world to promote social and economic
the 1960s, ADB focused much of its assistance on development in Asia.
food production and rural development. Your Team

Philippines South Singapore Bangladesh China


Korea
How did ADB helped ASEAN countries

• In 1970s, ADB focused much of its assistance on food


production and rural development.
• A major landmark fund was the establishment in 1974 of
the to provide low-interest loans to ADB's poorest
members.
• By the end of the decade, some Asian economies had
improved considerably and no longer needed ADB's
assistance.
• During the second oil crisis, ADB continued its support to
infrastructure development, particularly energy projects.
• In 1980s, ADB worked with nongovernment organizations
to help disadvantaged groups.
• ADB's membership continued to expand with the addition
of several Central Asian countries following the end of the
Cold War.
How did ADB helped ASEAN countries

• In mid-1997, a severe financial crisis hit, setting back Asia's


economic gains. ADB approved its largest single loan—a $4
billion emergency loan to the Republic of Korea—and
established the Asian Currency Crisis Support Facility to
accelerate assistance.
• ADB provided support at national and regional levels to
help countries more effectively respond to avian influenza
and the growing threat of HIV/AIDS.
• ADB also had to respond to unprecedented natural
disasters, committing more than $850 million for recovery
in areas of India, Indonesia, Maldives, and Sri Lanka hit by
the December 2004 Asian tsunami. In addition, a $1 billion
line of assistance to help victims of the October 2005
earthquake in Pakistan was set up.
How did ADB helped ASEAN countries

• Asia moved beyond the economic crisis to emerge as a new


engine of global growth in 2010. This was more than double
the global growth rate during the same period and well
above the 5.9% rate recorded in the region in 2009
• While ADB’s work has contributed to Asia and the Pacific
slashing extreme poverty by more than half, the region is
still home to 1.2 billion people who live on $3.10 a day or
less and almost three-quarters of the world’s underweight
children. About 600 million people have no access to
electricity and 1.7 billion still lack improved sanitation. A
huge amount of work still must be done with the new
Sustainable Development Goals as important guideposts.
THANK YOU

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