ASIAN DEVELOPMEnT BANK
GROUP 5 :
ASIAN
DEVELOPMEN
T BANK
ASIAN DEVELOPMENT
BANK
is a regional development bank established on 22 August 1966 which is headquartered in Metro Manila, Philippines, to facilitate economic development in Asia. The bank admits the members of the United
Nations Economic and Social Commission for
Asia and the Pacific (UNESCAP, formerly the
Economic Commission for Asia and the Far
East or ECAFE) and non-regional developed countries. "HISTORY
”
1962–1972
The concept of a regional bank was formally mooted at a trade conference organized by the Economic
Commission for Asia and the Far East (ECAFE) in
1963 by a young Thai banker, Paul Sithi-Amnuai, for developing intra-regional trade. Once the ADB was founded in 1966, Japan took a prominent position in the bank; it received the presidency and some other crucial "reserve positions" such as the director of the administration department.
By the end of 1972, Japan contributed $173.7 million to the ordinary capital resources and
$122.6 million to the special funds. In contrast, the United States contributed only $1.25 million for the special fund.
1972–1986
Japan's share of cumulative contributions increased from 30.4% in 1972 to 35.5% in
1981 and 41.9% in 1986. In addition, Japan was a crucial source of ADB borrowing,
29.4% in 1973–86, compared to 45.1% from
Europe and 12.9% from the United States.
Japanese presidents Inoue Shir and Yoshida
Taroichi took the spotlight. Fujioka Masao, the fourth president , adopted an assertive leadership style. He announced an ambitious plan to expand the ADB into a high-impact development agency. His plan and banking philosophy led to increasing friction with the U.S. directors, with open
Since 1986
Its share of cumulative contributions increased from
41.9% in 1986 to 50.0% in 1993. In addition, Japan has been a crucial lender to the ADB, 30.4% of the total in 1987–93, compared to 39.8% from Europe and 11.7% from the United States. However, different from the previous period,
ASIAN
DEVELOPMEN
T BANK
ASIAN DEVELOPMENT
BANK
is a regional development bank established on 22 August 1966 which is headquartered in Metro Manila, Philippines, to facilitate economic development in Asia. The bank admits the members of the United
Nations Economic and Social Commission for
Asia and the Pacific (UNESCAP, formerly the
Economic Commission for Asia and the Far
East or ECAFE) and non-regional developed countries. "HISTORY
”
1962–1972
The concept of a regional bank was formally mooted at a trade conference organized by the Economic
Commission for Asia and the Far East (ECAFE) in
1963 by a young Thai banker, Paul Sithi-Amnuai, for developing intra-regional trade. Once the ADB was founded in 1966, Japan took a prominent position in the bank; it received the presidency and some other crucial "reserve positions" such as the director of the administration department.
By the end of 1972, Japan contributed $173.7 million to the ordinary capital resources and
$122.6 million to the special funds. In contrast, the United States contributed only $1.25 million for the special fund.
1972–1986
Japan's share of cumulative contributions increased from 30.4% in 1972 to 35.5% in
1981 and 41.9% in 1986. In addition, Japan was a crucial source of ADB borrowing,
29.4% in 1973–86, compared to 45.1% from
Europe and 12.9% from the United States.
Japanese presidents Inoue Shir and Yoshida
Taroichi took the spotlight. Fujioka Masao, the fourth president , adopted an assertive leadership style. He announced an ambitious plan to expand the ADB into a high-impact development agency. His plan and banking philosophy led to increasing friction with the U.S. directors, with open
Since 1986
Its share of cumulative contributions increased from
41.9% in 1986 to 50.0% in 1993. In addition, Japan has been a crucial lender to the ADB, 30.4% of the total in 1987–93, compared to 39.8% from Europe and 11.7% from the United States. However, different from the previous period,