Asian Development Bank

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.

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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

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Notes

  1. John Mo, International Commercial Law

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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Translation of Asian Development Bank

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

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