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Asian Development Bank (ADB): Regional Development Bank

10-MAY-2016 15:13

    The Asian Development Bank (ADB) formed on 19 December, 1966 as financial institution to foster economic growth as well as economic cooperation in one of the poorest regions of the world. During its embryonic period, Manila (Capital City of Philippines) was chosen as it’s headquarter. It is consists of 67 member countries in which 48 are from Asia and the Pacific region and rest are from outside.  This organization was founded with a prime motive to serve predominantly agricultural region.

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    Functional Areas of Asian Development Bank (ADB)

    The prime function of ADB is to make Asia and Pacific region free from poverty. So it work as partner with member countries, independent specialists and other financial institutions that help them to deliver their projects in developing member state in order to create economic and development impact.

    • It act as multilateral development finance institution and provides lending facilities, technical assistance and grants.
    • It also provides development assistance through policy dialogue facilitation, advisory services and mobilizes finance resources through co-financing operations.

    ADB’s lending is concentrated public sector lending in five operational areas.

    • Education
    • Environment, Climate Change, and Disaster Risk Management
    • Finance Sector Development
    • Infrastructure
    • Regional Cooperation and Integration
    • Private Sector Lending

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    Members of Asian Development Bank

    ADB is consists of 67 member countries in which 48 are from Asia and the Pacific region and rest are from outside.  Its regional and non-regional members are given below:

    Regional Members

    Non-regional Members

    Afghanistan

    Armenia

    Australia

    Azerbaijan

    Bangladesh

    Bhutan

    Brunei Darussalam

    Cambodia

    China, People's Republic of

    Cook Islands

    Fiji

    Georgia

    Hong Kong, China

    India

    Indonesia

    Japan

    Kazakhstan

    Kiribati

    Korea, Republic of

    Kyrgyz Republic

    Lao PDR

    Malaysia

    Maldives

    Marshall Islands

    Micronesia, Federated States of

    Mongolia

    Myanmar

    Nauru

    Nepal

    New Zealand

    Pakistan

    Palau

    Papua New Guinea

    Philippines

    Samoa

    Singapore

    Solomon Islands

    Sri Lanka

    Taipei, China

    Tajikistan

    Thailand

    Timor-Leste

    Tonga

    Turkmenistan

    Tuvalu

    Uzbekistan

    Vanuatu

    Vietnam

    Austria

    Belgium

    Canada

    Denmark

    Finland

    France

    Germany

    Ireland

    Italy

    Luxembourg

    The Netherlands

    Norway

    Portugal

    Spain

    Sweden

    Switzerland

    Turkey

    United Kingdom

    United States

     Jagranjosh

    DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

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