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Asian development bank
- 1. Asian Development Bank PresentedBy: Priya Dhamsaniya Submitted to: Dr. Ritambhara Singh
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- 3. • The AsianDevelopment 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
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- 7. FUNCTIONS 1. Promote investmentin 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 otheractivities 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 30th November 2014, there are 72 ongoing loans amounting to $ 9343.92 million.
- 12. • ASSISTANCE • Thevery 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 Gujaratwas 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 GujaratPower 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 HousingFinance 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 LearningCenters (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.
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