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BANK
Kaliev Aibek
Historical Background
The idea of creation of this financial institution conceived in
early 1960s.
In 1963 the resolution of first Ministerial Conference on Asian
Economic Cooperation held by the United Nations Economic
Commission for Asia and the Far East served as legislative base
for the establishment of the ADB.
On 19 December, 1966, the Bank had been established at Manila
with 31 members to serve a predominantly agricultural region.
1970 – The Bank expanded its assistance into education, health,
infrastructure and industry.
1973- set up of Asian Development Fund.
1974-Asian Development Fund provided its first concessional
lending to ADB's poorest members.
cont’d
1997- ADB approved its largest single loan-a $4 billion
emergency loan to the Republic of Korea-and established the
Asian Currency Crisis Support Facility to accelerate
assistance.
Staff: 3,051
Board of Directors
The 12 members of the Board of Directors are elected by the
Board of Governors. Eight of those 12 are elected by member
countries from within the Asia Pacific region, and the four
others are elected by member countries from outside the
region.
Goal
Poverty reduction in Asia and the Pacific
Development Objectives
Promotion of pro poor, sustainable economic
growth
Supporting social development
Facilitating good governance
Long-term Strategic Framework 2008 - 2020
ADB's Strategy 2020, approved in April 2008, reaffirms
both ADB's vision of an Asia and Pacific free of poverty
and mission to help its developing member countries
improve their living conditions and quality of life.
Repayment of loans
Trust Funds
Lending
(Total Lending as of 31 Dec 2009)
Type of Loans
US$ mill. %