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(ADB)
Rakesh Reddy E
MBA, Nizam College.
INTRODUCTION
• The Asian Development Bank (ADB) is a regional
development bank established in 1966 to promote
economic and social development in Asian and Pacific
countries through loans and technical assistance.
• Formation: December 4th 1966
• Headquarter: Manila (Philippines).
• President: Haruhiko Kuroda
• Members: 67 member countries.
• Staff : 2500+
BACKGROUND
• ADB was conceived amid the postwar rehabilitation and
reconstruction of the early 1960s.
• The vision was of a financial institution that would be Asian in
character and foster economic growth and cooperation in the
region – then one of the poorest in the world.
• In Dec, 1963 the Economic commission for Asia and far-east
(ECAFE) conference was held in Manila, Philippines.
• ADB was established in Manila on December 4, 1966.
Vision and Mission
• ADB's vision is to create a region, free of
poverty.