Asian Development Bank
Summary of Asian Development Bank
A multilateral development bank formed in 1966 to provide capital to Asian and Pacific countries to expand their economic infrastructure and industrial base. Capital is contributed to the bank by its members, which include both regional, i.e., Asian, and nonregional states. At the beginning of 1983, the authorized capital stock of the bank consisted of 716,000 shares, with a par value of 10,000 SPECIAL DRAWING RIGHTS (read this and related legal terms for further details) each. For the period 1967-82 bank lending exceeded U.S. $11.5 billion, distributed over the following sectors: Sector Percentage
Agriculture 29.8
Energy 25.7
Transport & communications 14.1
Development Banks 12.7
Water & sanitation 7.7
Social & education 6.6
Industry & mining 3.4
Membership in the bank and distribution of
shares at the outset of 1983 were as follows:
Regional Members
Participant Shares Percentage
Afghanistan 1,195 .167
Australia 49,937 6.974
Bangladesh 8,812 1.231
Bhutan 110 .015
Burma 4,700 .656
Cambodia 875 .122
China (Taiwan) 9,400 1.313
Cook Islands 23 .003
Fiji 587 .082
Hong Kong 4,700 .656
India 54,637 7.631
Indonesia 47,000 6.564
Japan 117,500 16.410
Kiribati 35 .005
Korea (South) 43,475 6.072
Laos 246 .034
Malaysia 23,500 3.282
Maldives 35 .005
Nepal 1,269 .177
New Zealand 13,254 1.851
Pakistan 18,800 2.626
Papua New Guinea 810 .113
Philippines 20,562 2.872
Singapore 2,937 .410
Solomon Islands 58 .008
Sri Lanka 5,005 .699
Thailand 11,750 1.641
Tonga 35 .005
Vanuatu 58 .008
Viet-Nam 6,038 .843
Western Samoa 58 .008
Nonregional Members
Participant Shares Percentage
Austria 2,937 .410
Belgium 2,937 .410
Canada 45,143 6.305
Denmark 2,937 .410
Finland 1,175 .164
France 14,687 2.051
German Federal
Republic 37,334 5.214
Italy 11,750 1.641
Netherlands 6,462 .903
Norway 2,937 .410
Sweden 1,175 .164
Switzerland 4,037 .564
United Kingdom 17,625 2.461
United States 117,500 16.410
(Main Author: William J. Miller)
Asian Development Bank Outline
The bank was set up in 1966 with its headquarters in Manila. Although named as a regional bank, the AsDB was supported by the United States from the very beginning. It has about 36 members, including both Asian and non-Asian countries. The bank provides funds on favorable terms to its members.(1)
Asian Development Bank
Embracing mainstream international law, this section on asian development bank explores the context, history and effect of the area of the law covered here.
Resources
See Also
- World Bank
- Bank Regulation
- History of Banking
- Functions of the World Bank
Resources
Further Reading
- The entry “asian development bank” in the Parry and Grant Encyclopaedic Dictionary of International Law (currently, the Encyclopaedic Dictionary of International Law, 2009), Oxford University Press
Resources
Notes
Hierarchical Display of Asian Development Bank
International Organisations > Extra-European organisations > Asian organisation
Finance > Financial institutions and credit > Financial institution > Bank > Development bank
Asian Development Bank
Concept of Asian Development Bank
See the dictionary definition of Asian Development Bank.
Characteristics of Asian Development Bank
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Resources
Translation of Asian Development Bank
- Spanish: Banco Asiático de Desarrollo
- French: Banque asiatique de développement
- German: Asiatische Entwicklungsbank
- Italian: Banca asiatica di sviluppo
- Portuguese: Banco Asiático de Desenvolvimento
- Polish: Azjatycki Bank Rozwoju
Thesaurus of Asian Development Bank
International Organisations > Extra-European organisations > Asian organisation > Asian Development Bank
Finance > Financial institutions and credit > Financial institution > Bank > Development bank > Asian Development Bank
See also
- ADB
- AsDB