3. • The Asian Development Bank (ADB) is a regional development
bank.
• Primary Aim: The Asian Development Bank aims for an Asia and
Pacific free from poverty.
• Approximately 1.7 billion people in the region are poor and
unable to access essential goods, services, assets and
opportunities to which every human is entitled.
• The bank admits the members of the United Nations Economic
and Social Commission for Asia and the Pacific and non-
regional developed countries.
• From 31 members at its establishment, ADB now has 67
members - of which 48 are from within Asia and the Pacific and
19 outside
7. FUNCTIONS
1. Promote investment in the region of public and private
capital for development purposes.
2. Provide loans for the economic and social development of the
member countries of the region.
3. Help member countries in coordinating their development
policies and plans.
4. Provide technical assistance for the preparation, financing and
execution of development projects and programmes.
8. 5.Undertake such other activities and provide such other
services as may advance its objectives.
6.Provide financial and technical assistance to member countries
for environmental protection
7.Act as financial intermediary by transferring resources from
global capital markets to developing countries.
8.Support public resource mobilization and management to
member countries.
9. Area of Work
• The Bank's operations cover a wide spectrum of activities
and have been classified according to the following sectors:
• Agriculture
• Education
• Energy
• Finance
• Health
• Industry and Trade
• Information and Communication Technology
• Public Sector Management
• Social Protection
• Transport
• Water
10. ADB & India
• India became a member of the Asian Development Bank
(ADB) as a founding member in 1966.
• India is holding 6.33% of shares, totaling 672,030 shares, in
ADB 31 December 2015.
• ADB holds Annual meetings in a member country in late April
or early May every year.
• 46th Annual Meeting of the ADB is being hosted by India
during 2-5 May, 2013 in New Delhi
11. As of 30 th November 2014, there are 72 ongoing
loans amounting to $ 9343.92 million.
12. • ASSISTANCE
• The very first loan to the country, which was approved in 1986,
was a $100 million loan to the Industrial Credit and Investment
Corporation of India. The program helped to expand and
modernize medium-sized industries, and supported the
introduction of new technologies.
• India’s balance-of-payments crisis, which hit in 1991,
precipitated deep structural reforms. ADB’s $300 million
Financial Sector Program Loan to India in 1992 infused money
into the crippled banking sector and financed wide-ranging
reforms that helped develop the finance sector
13. • Reform-oriented Gujarat was the first state to negotiate a loan
directly from ADB. The $250 million loan, approved in 1996
for the Gujarat Public Sector Resource Management Program,
was the first program loan provided by a multilateral
development bank to a sub national government in any ADB
developing member country
• In Rajasthan state, the ADB-supported Rajasthan Urban
Infrastructure Development Project, approved in 1998,
provided 7 million residents with improved water supply and
3.5 million with upgraded wastewater management facilities.
• ADB loans of up to $100 million to ACME Group, India’s
pioneering private sector solar power developer, will support
200 megawatts of new solar power, much of it in Jodhpur
district of Rajasthan state, where solar irradiance levels are
among the highest in the country.
14. • The Gujarat Power Sector Development Project (December
2000–March 2007) helped the government of Gujarat by
establishing an appropriate legal and regulatory framework
for the electricity sector
• The Gujarat Earthquake Rehabilitation and Reconstruction
Project(May 2001–November 2007) has helped in
reconstructing and restoring damaged infrastructure in the
earthquake-affected areas of Gujarat
• The Tsunami Emergency Assistance (Sector) Project has
helped to rebuild houses, roads, bridges, ports facilities, and
other public infrastructure incorporating better safety
standards
15. • The Housing Finance II project, consisting of loans(March
2002–June 2007), provided loans to low-income households
for home purchases or improvements through financial
intermediaries
• October 2017) The Asian Development Bank (ADB) and the
Government of India have signed a $65.5 million loan
agreement at Bengaluru to continue interventions to check
coastal erosion on the western coast in Karnataka.
• The Asian Development Bank’s (ADB) Board of Directors has
approved a multitranche financing facility (MFF) for the
Second Rural Connectivity Investment Program totaling $500
million to improve rural roads in five Indian states. the
investment program will construct and upgrade over 12,000
kilometers of rural roads in the states of Assam, Chhattisgarh,
Madhya Pradesh, Odisha, and West Bengal.
16. • Hippocampus Learning Centers (HLC), a venture capital-
backed company in India, has pioneered a model for
improving learning outcomes by developing a low-cost system
for delivering a supplementary education curriculum that
focuses on a targeted set of learning outcomes. The ADB-
supported Rural Education Project will increase access to
affordable kindergarten and after-school programs in rural
Karnataka and Tamil Nadu.
