Total employees: 2,400+ •Nationalities employed: 50+ •Total loans in 2007: US$10.1 billion •Total grants in 2007: $672.7 million •Technical assistance in 2007: $243.4 million •Private Sector Assistance in 2007: $1.75 billion
Sources of finance ADB raises fund through bond issues on the world's capital markets. Also rely on members' contributions, retained earnings from its lending operations, and the repayment of loans.
ADB has provided over $575 mill for road projects in Afghanistan(ADF) ADB is a multilateral development finance institution that engages in mostly public sector lending for development purposes in its developing member countries
ADB's overarching goal is to reduce poverty in Asia and the Pacific. It helps to improve the quality of people's lives by providing loans and technical assistance for a broad range of development activities.
V I S I O N & M I S S I O N In its mission to reduce poverty in the Asia-Pacific region, ADB focuses on different development issues. ADB is an international development finance institution whose vision is to help its developing member countries reduce poverty and improve the quality of life of their people. ADB's vision is a region free of poverty
ORGANIOZATION The highest decision making tier at ADB is its Board of Governors, to which each of ADB's 67 members nominate one Governor. The Governors' day to day responsibilities are largely delegated to the 12-person Board of Directors,
Management The President is Chairperson of the Board of Directors, and under the Board's direction, conducts the business of ADB. On 17 April 2006, the Board of Directors approved the recommendation on the reassignment of the functions and duties of the operations vice
The President is elected by the Board of a term of five years and may be reelected The President now heads a management team comprising four Vice Presidents and the Managing Director General, who supervise the work of ADB's operational, administrative, and knowledge departments.
OBJECTIVES To promote investment in ESCAP region of public & private capital for development To utilize the resources for financing development, giving priority to the projects
FUNCTIONS To fulfill its purpose, the Bank shall have the following functions: to promote investment in the region of public and private capital for development purposes; to undertake such other activities and provide such other services as may advance its purpose
to utilize the resources at its disposal for financing development of the developing member countries in the region, giving priority to those regional, sub-regional as well as national projects and programmes which will contribute most effectively to the harmonious economic growth of the region as a whole, and having special regard to the needs of the smaller or less developed member countries in the region;
to meet requests from members in the region to assist them in the coordination of their development policies and plans with a view to achieving better utilization of their resources, making their economies more complementary, and promoting the orderly expansion of their foreign trade, in particular, intra-regional trade; to provide technical assistance for the preparation, financing and execution of development projects and programmes, including the formulation of specific project proposals;
MEMBERSHIP Membership in the Bank shall be open to: (i) members and associate members of the United Nations Economic Commission for Asia and the Far East; and (ii) other regional countries and non-regional developed countries which are members of the United Nations or of any of its specialized agencies. Countries eligible for membership under paragraph 1 of this Article which do not become members in accordance with Article 64 of this Agreement may be admitted, under such terms and conditions as the Bank may determine, to membership in the Bank upon the affirmative vote of two-thirds of the total number of Governors, representing not less than three-fourths of the total voting power of the members
In the case of associate members of the United Nations Economic Commission for Asia and the Far East which are not responsible for the conduct of their international relations, application for membership in the Bank shall be presented by the member of the Bank responsible for the international relations of the applicant and accompanied by an undertaking by such member that, until the applicant itself assumes such responsibility, the member shall be responsible for all obligations that may be incurred by the applicant by reason of admission to membership in the Bank and enjoyment of the benefits of such membership. "Country" as used in this Agreement shall include a territory which is an associate member of the United Nations Economic Commission for Asia and the Far East.
Bank’s most appropriate response to Asian & pacific development are pointed in three directions:
*Greater priority must be placed on alleviating poverty & protecting environment.
*The Bank must strengthen its assistance to private sector.
* The Bank must work with its developing members to create a policy frame work(for efficient use of human & capital resources)
STRATEGIES OPERATIONAL : formulates operational strategies for individual countries, including economic, thematic and sector policy analyses, and undertakes country performance reviews which provide a basis for policy dialogue with the governments of developing member countries.
STRATEGIES COUNTRY PARTENERSHIP STRATEGY(CPS) :includes an indicative rolling country business plan composed of individual technical assistance and loan projects and programs for priority sectors REGIONAL CO-OPERATION STRATEGIES & PROGRAMS(RCSPS) : To ensure coherence and strategic prioritization
STRATEGIES REGIONAL CO-OPERATION STRATEGIES & PROGRAMS(RCSPS) : To ensure coherence and strategic prioritization
ADB FOCUSES ON ADB Focuses on poverty reduction. In doing so, It emphasizes : ☼Promotion of pro-poor , sustainable economic growth ☼Social development ☼Good governance In support of the above,ADB concentrates on: ☼Protection of environment ☼Promotion of gender & development ☼Private sector development ☼Regional co-operation