Asian Development Bank Case Study

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TABLE OF CONTENTS History of Institution Mission Organisational Structure Functions Types of Publications Development Projects Successes and Failures Criticisms Bibliography HISTORY OF THE INSTITUTION The Asian Development Bank (ADB) was established in 1966 amongst the rehabilitation period post World War II and led by Takeshi Watanabe. At this time the Asian continent was considered as one of the poorest regions in the world. The ADB set out to provide financial aid to Asia and the Pacific and foster economic growth and cooperation within the region. In the 1970s the ADB expanded into the education, health, infrastructure and industry sectors. The success of the ADB’s financial assistance led to the requirement of better and bigger infrastructure to support the economic growth of the Asian countries. The ADB’s first …show more content…

ADB policies are created by its Board of Governors comprised of 67 representatives from each member state. The Board of Governors select the 12 members who make up the Board of Directors. FUNCTIONS The principal roles of the ADB are to give loans and invest in the promotion of economic and social growth of its developing member countries, to provide assistance in the planning and carrying out of projects in the member states, assist in development policy plans and finally, to invest in public and private enterprises that aid in development. Loans are given in two forms, hard which is a specific type of asset based financing and soft where the rate of interest is usually lower than that of the market value. Hard loans are given from the ADB’s ordinary capital resources where countries pay a 50% down payment and 5% for the Third General Capital increase and 2% for the Fourth General Capital Increase. Alternatively, soft loans are taken from the Asian Development Fund which is an Asian Development Bank

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