Asian Development BankIts Functions

Vaishakh P Vathsalan

Overview

• The Asian Development Bank (ADB) is a regional development bank established on 22 August 1966 to facilitate economic development of countries in Asia.

• From 31 members at its establishment, ADB now has 67 members - of which 48 are from within Asia and the Pacific and 19 outside.

• By the end of 2012, both the United States and Japan hold the two largest proportions of shares each at 12.78%. China holds 5.45%, India holds 5.36%.

Functions

• Promote investment in the region of public and private capital for development purposes.

• Provide loans for the economic and social development of the member countries of the region.

• Help member countries in coordinating their development policies and plans.

Functions

• Provide technical assistance for the preparation, financing and execution of development projects and programmes.

• Provide financial and technical assistance to member countries for environmental protection.

Functions

• Act as financial intermediary by transferring resources from global capital markets to developing countries.

• Support public resource mobilization and management to member countries.

That’s all…………..