Asian Development Bank - wikipedia Asian Development Bank `` ASDB '' redirects here. For the Arizona state agency, see Arizona State Schools for the Deaf and Blind. Asian Development Bank ADB logo Motto Fighting poverty in Asia and the Pacific Formation 19 December 1966 ( 51 years ago ) ( 1966 - 12 - 19 ) Type Multilateral Development Bank Legal status Treaty Purpose Social and economic development Headquarters Mandaluyong, Metro Manila, Philippines Region served Asia - Pacific Membership 67 countries President Takehiko Nakao Main organ Board of Governors Staff 2997 employees Website www.adb.org Asian Development Bank member states Outside regions Asia - Pacific region The Asian Development Bank ( ADB ) is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in Mandaluyong, Metro Manila, Philippines. The company also maintains 31 field offices around the world to promote social and 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. From 31 members at its establishment, ADB now has 67 members, of which 48 are from within Asia and the Pacific and 19 outside. The ADB was modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members ' capital subscriptions. ADB releases an annual report that summarizes its operations, budget and other materials for review by the public. The ADB - Japan Scholarship Program ( ADB - JSP ) enrolls about 300 students annually in academic institutions located in 10 countries within the Region. Upon completion of their study programs, scholars are expected to contribute to the economic and social development of their home countries. ADB is an official United Nations Observer. As of 31 December 2016, Japan and United States hold the largest proportion of shares at 15.607 %. China holds 6.444 %, India holds 6.331 %, and Australia holds 5.786 %. Contents 1 Organization 1.1 List of presidents 2 History 2.1 1960s 2.2 1970s -- 1980s 2.3 1990s 2.4 2000s 2.5 2010s 3 Objectives and activities 3.1 Aim 3.2 Focus areas 4 Financings 5 Private sector investments 6 Cofinancing 7 Funds and resources 8 Access to information 9 Notable projects and technical assistance 10 Criticism 11 List of 20 largest countries and regions by subscribed capital and voting power 12 Members 13 See also 14 References 15 Further reading 16 External links Organization ADB Headquarters in Mandaluyong City, Metro Manila, Philippines The highest policy - making body of the bank is the Board of Governors, composed of one representative from each member state. The Board of Governors, in turn, elect among themselves the twelve members of the Board of Directors and their deputies. Eight of the twelve members come from regional ( Asia - Pacific ) members while the others come from non-regional members. The Board of Governors also elect the bank 's president, who is the chairperson of the Board of Directors and manages ADB. The president has a term of office lasting five years, and may be reelected. Traditionally, and because Japan is one of the largest shareholders of the bank, the president has always been Japanese. The current president is Takehiko Nakao, who succeeded Haruhiko Kuroda in 2013. The headquarters of the bank is at 6 ADB Avenue, Mandaluyong, Metro Manila, Philippines, and it has 25 field offices in Asia and the Pacific and representative offices in Washington, Frankfurt, Tokyo and Sydney. The bank employs about 3,000 people, representing 60 of its 67 members. List of presidents Name Dates Nationality Takeshi Watanabe 1966 -- 1972 Japanese Shiro Inoue 1972 -- 1976 Japanese Taroichi Yoshida 1976 -- 1981 Japanese Masao Fujioka 1981 -- 1989 Japanese Kimimasa Tarumizu 1989 -- 1993 Japanese Mitsuo Sato 1993 -- 1999 Japanese Tadao Chino 1999 -- 2005 Japanese Haruhiko Kuroda 2005 -- 2013 Japanese Takehiko Nakao 2013 -- Japanese History 1960s The concept of a regional bank was formally proposed as an institution for developing intra-regional trade, 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. ( ESCAP, United Nations Publication March 2007, `` The first parliament of Asia '' pp. 65 ). The United States was initially opposed to the creation of another regional development bank following the establishment of the Inter-American Development Bank in 1959. However, with the escalation of the Vietnam War, U.S. President Lyndon B. Johnson was persuaded to support the establishment of the ADB in 1964 in an effort the mollify Senator J. William Fulbright ( Chairman of the Senate Foreign Relations Committee ) who argued that the Vietnam War would not only bleed American blood and treasure, but would also be very bad for America 's image in Asia. President Johnson pressed retired World Bank President Eugene R. Black, Sr. into organizing and establishing the new institution. In the process, U.S. Secretary of State Dean Rusk urged that Japan play an important role in the ADB. He argued that the biggest danger to American foreign policy in Asia was Japan 's inability to integrate into the Asian society of nations following the animosities of World War II. Indeed, there was sharp Asian opposition to Japan 's participation in the institution. After considerable diplomatic effort, Japan was eventually accepted into the organization by the majority of the participating nations, and Tokyo was selected as the site of the bank 's headquarters. The Presidency was to rotate between the various countries of Asia. However, at the eleventh hour in a meeting of the delegates in Manila, Philippine President Ferdinand Marcos delivered a stinging tirade against the establishment of the ADB with Japanese participation. He threatened to personally travel to every Asian capital and scuttle the project. Eugene Black, with the assistance of President Johnson, was finally able to mollify President Marcos with the promise to locate the ADB in Manila. ( In fact, Marcos eagerly volunteered to house the ADB in the newly constructed building on prestigious Roxas Boulevard, which had been designated for the Foreign Ministry. ) As a concession to the Japanese, they were given the inaugural Presidency of the institution -- a position they have tenaciously held onto ever since. Once the ADB was founded in 1966, Japan took up the Presidency and some other crucial `` reserve positions '' such as the directorship of the all - powerful administration department known as BPMSD ( Budget, Personnel, and Management Systems Department ) through which they manage the institution. By the end of 1972, Japan had contributed $173.7 million ( 22.6 % of the total ) to the ordinary capital resources and $122.6 million ( 59.6 % of the total ) to the special funds. In contrast, the United States contributed only $1.25 million to the special fund. After its creation in the 1960s, ADB focused much of its assistance on food production and rural development. At the time, Asia was one of the poorest regions in the world. Early loans went largely to Indonesia, Thailand, Malaysia, South Korea and the Philippines, the countries with which Japan had crucial trading ties ; these nations accounted for 78.48 % of the total ADB loans between 1967 and 1972. Moreover, Japan received tangible benefits, 41.67 % of the total procurements between 1967 and 1976. Japan tied its special funds contributions to its preferred sectors and regions and procurements of its goods and services, as reflected in its $100 million donation for the Agricultural Special Fund in April 1968. Takeshi Watanabe served as the first ADB president from 1966 to 1972. 1970s -- 1980s In the 1970s, ADB 's assistance to developing countries in Asia expanded into education and health, and then to infrastructure and industry. The gradual emergence of Asian economies in the latter part of the decade spurred demand for better infrastructure to support economic growth. ADB focused on improving roads and providing electricity. When the world suffered its first oil price shock, ADB shifted more of its assistance to support energy projects, especially those promoting the development of domestic energy sources in member countries. Following considerable pressure from the Reagan Administration in the 1980s, ADB reluctantly began working with the private sector in an attempt to increase the impact of its development assistance to poor countries in Asia and the Pacific. In the wake of the second oil crisis, ADB expanded its assistance to energy projects. In 1982, ADB opened its first field office, in Bangladesh, and later in the decade it expanded its work with non-government organizations ( NGOs ). Japanese presidents Inoue Shiro ( 1972 -- 76 ) and Yoshida Taroichi ( 1976 -- 81 ) took the spotlight in the 1970s. Fujioka Masao, the fourth president ( 1981 -- 90 ), adopted an assertive leadership style, launching an ambitious plan to expand the ADB into a high - impact development agency. 1990s In the 1990s, ADB began promoting regional cooperation by helping the countries on the Mekong River to trade and work together. The decade also saw an expansion of ADB 's membership with the addition of several Central Asian countries following the end of the Cold War. In mid-1997, ADB responded to the financial crisis that hit the region with projects designed to strengthen financial sectors and create social safety nets for the poor. During the crisis, ADB approved its largest single loan -- a $4 billion emergency loan to the South Korea. In 1999, ADB adopted poverty reduction as its overarching goal. 2000s The early years of 2000s saw a dramatic expansion of private sector finance. While the institution had such operations since the 1980s ( under pressure from the Reagan Administration ) the early attempts were highly unsuccessful with low lending volumes, considerable losses and financial scandals associated with an entity named AFIC. However, beginning in 2002, the ADB undertook a dramatic expansion of private sector lending under a new team. Over the course of the next six years, the Private Sector Operations Department ( PSOD ) grew by a factor of 41 times the 2001 levels of new financings and earnings for the ADB. This culminated with the Board 's formal recognition if these achievements in March 2008, when the Board of Directors formally adopted the Long Term Strategic Framework ( LTSF ). That document formally stated that assistance to private sector development was the lead priority of the ADB and that it should constitute 50 % of the bank 's lending by 2020. In 2003, the severe acute respiratory syndrome ( SARS ) epidemic hit the region and ADB responded with programs to help the countries in the region work together to address infectious diseases, including avian influenza and HIV / AIDS. ADB also responded to a multitude of natural disasters in the region, committing more than $850 million for recovery in areas of India, Indonesia, Maldives, and Sri Lanka which were impacted by the December 2004 Asian tsunami. In addition, $1 billion in loans and grants was provided to the victims of the October 2005 earthquake in Pakistan. In 2009, ADB 's Board of Governors agreed to triple ADB 's capital base from $55 billion to $165 billion, giving it much - needed resources to respond to the global economic crisis. The 200 % increase is the largest in ADB 's history, and was the first since 1994. 2010s Asia moved beyond the economic crisis and by 2010 had emerged as a new engine of global economic growth though it remained home to two - thirds of the world 's poor. In addition, the increasing prosperity of many people in the region created a widening income gap that left many people behind. ADB responded to this with loans and grants that encouraged economic growth. In early 2012, the ADB began to re-engage with Myanmar in response to reforms initiated by the government. In April 2014, ADB opened an office in Myanmar and resumed making loans and grants to the country. In 2017, ADB combined the lending operations of its Asian Development Fund ( ADF ) with its ordinary capital resources ( OCR ). The result was to expand the OCR balance sheet to permit increasing annual lending and grants to $20 billion -- 50 % more than the previous level. Objectives and activities Aim The ADB defines itself as a social development organization that is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. This is carried out through investments -- in the form of loans, grants and information sharing -- in infrastructure, health care services, financial and public administration systems, helping nations prepare for the impact of climate change or better manage their natural resources, as well as other areas. Focus areas Eighty percent of ADB 's lending is concentrated public sector lending in five operational areas. Education -- Most developing countries in Asia and the Pacific have earned high marks for a dramatic rise in primary education enrollment rates in the last three decades, but daunting challenges remain, threatening economic and social growth. Environment, Climate Change, and Disaster Risk Management -- Environmental sustainability is a prerequisite for economic growth and poverty reduction in Asia and the Pacific. Finance Sector Development -- The financial system is the lifeline of a country 's economy. It creates prosperity that can be shared throughout society and benefit the poorest and most vulnerable people. Financial sector and capital market development, including microfinance, small and medium - sized enterprises, and regulatory reforms, is vital to decreasing poverty in Asia and the Pacific. This has been a key priority of the Private Sector Operations Department ( PSOD ) since 2002. One of the most active sub-sectors of finance is the PSOD 's support for trade finance. Each year the PSOD finances billions of dollars in letters of credit across all of Asia and the rest of the world. Infrastructure, including transport and communications, energy, water supply and sanitation, and urban development. Regional Cooperation and Integration -- Regional cooperation and integration ( RCI ) was introduced by President Kuroda when he joined the ADB in 2004. It was seen as a long - standing priority of the Japanese government as a process by which national economies become more regionally connected. It plays a critical role in accelerating economic growth, reducing poverty and economic disparity, raising productivity and employment, and strengthening institutions. Private Sector Lending -- This priority was introduced into the ADB 's activities at the insistence of the Reagan Administration. However, that effort was never a true priority until the administration of President Tadeo Chino who in turn brought in a seasoned American banker -- Robert Bestani. From then on, the Private Sector Operations Department ( PSOD ) grew at a very rapid pace, growing from the smallest financing unit of the ADB to the largest in terms of financing volume. As noted earlier, this culminated in the Long Term Strategic Framework ( LTSF ) which was adopted by the Board in March 2008. Financings Five largest borrowing countries Country 2016 2015 $ million % $ million % China 15,615 24.8 14,646 25.2 India 13,331 21.2 12,916 22.2 Indonesia 8,700 13.8 8,214 14.1 Philippines 5,935 9.4 5,525 9.5 Pakistan 4,570 7.3 4,319 7.4 Others 14,831 23.5 12,486 21.6 Total 62,983 100.0 58,106 100.0 The ADB offers `` hard '' loans on commercial terms primarily to middle income countries in Asia and `` soft '' loans with lower interest rates to poorer countries in the region. Based on a new policy, both types of loans will be sourced starting January 2017 from the bank 's ordinary capital resources ( OCR ), which functions as its general operational fund. The ADB 's Private Sector Department ( PSOD ) can and does offer a broader range of financings beyond commercial loans. They also have the capability to provide guarantees, equity and mezzanine finance ( a combination of debt and equity ). In 2014, ADB lent $11.2 billion to its member governments -- known as `` sovereign '' lending -- and invested another $1.7 billion in private enterprises, as part of its `` nonsovereign '' operations. ADB 's operations in 2014, including grants and other assistance, totaled $22.93 billion. ADB obtains its funding by issuing bonds on the world 's capital markets. It also relies on the contributions of member countries, retained earnings from lending operations, and the repayment of loans. Private Sector investments ADB provides direct financial assistance, in the form of debt, equity and mezzanine finance to private sector companies, for projects that have clear social benefits beyond the financial rate of return. ADB 's participation is usually limited but it leverages a large amount of funds from commercial sources to finance these projects by holding no more than 25 % of any given transaction. Cofinancing ADB partners with other development organizations on some projects to increase the amount of funding available. In 2014, $9.2 billion -- or nearly half -- of ADB 's $22.9 billion in operations were financed by other organizations. According to Jason Rush, Principal Communication Specialist, the Bank communicates with many other multilateral organizations. Funds and resources More than 50 financing partnership facilities, trust funds, and other funds -- totalling several billion each year -- are administered by ADB and put toward projects that promote social and economic development in Asia and the Pacific. ADB has raised Rs 5 billion or around Rs 500 crores from its issuance of 5 - year offshore Indian rupee ( INR ) linked bonds. Also, plans to raise around $20 billion from the capital markets in 2016. Access to information ADB has an information disclosure policy that presumes all information that is produced by the institution should be disclosed to the public unless there is a specific reason to keep it confidential. The police calls for accountability and transparency in operations and the timely response to requests for information and documents. ADB does not disclose information that jeopardizes personal privacy, safety and security, certain financial and commercial information, as well as other exceptions. Notable projects and technical assistance This section may contain improper references to self - published sources. Please help improve it by removing references to unreliable sources, where they are used inappropriately. ( September 2010 ) Afghanistan : Hairatan to Mazar - e-Sharif Railway Project Armenia : Water Supply and Sanitation Sector Project Bhutan : Green Power Development Project India : Rural Roads Sector II Investment Program Indonesia : Vocational Education Strengthening Project Laos : Northern and Central Regions Water Supply and Sanitation Sector Project Mongolia : Food and Nutrition Social Welfare Program and Project Solomon Islands : Pacific Private Sector Development Initiative Criticism Since the ADB 's early days, critics have charged that the two major donors, Japan and the United States, have had extensive influence over lending, policy and staffing decisions. Oxfam Australia has criticized the Asian Development Bank for insensitivity to local communities. `` Operating at a global and international level, these banks can undermine people 's human rights through projects that have detrimental outcomes for poor and marginalized communities. '' The bank also received criticism from the United Nations Environmental Program, stating in a report that `` much of the growth has bypassed more than 70 percent of its rural population, many of whom are directly dependent on natural resources for livelihoods and incomes. '' There had been criticism that ADB 's large scale projects cause social and environmental damage due to lack of oversight. One of the most controversial ADB - related projects is Thailand 's Mae Moh coal - fired power station. Environmental and human rights activists say ADB 's environmental safeguards policy as well as policies for indigenous peoples and involuntary resettlement, while usually up to international standards on paper, are often ignored in practice, are too vague or weak to be effective, or are simply not enforced by bank officials. The bank has been criticized over its role and relevance in the food crisis. The ADB has been accused by civil society of ignoring warnings leading up the crisis and also contributing to it by pushing loan conditions that many say unfairly pressure governments to deregulate and privatize agriculture, leading to problems such as the rice supply shortage in Southeast Asia. The bank has also been criticized by Vietnam War veterans for funding projects in Laos, because of the United States ' 15 % stake in the bank, underwritten by taxes. Laos became a communist country after the U.S. withdrew from Vietnam, and the Laotian Civil War was won by the Pathet Lao, which is widely understood to have been supported by the North Vietnamese Army. There has been considerable criticism of management for its reluctance to implement the Long Term Strategic Framework ( LTSF ) which ( as noted above ) was formally adopted in March 2008. Indeed, whereas the Private Sector Operations Department ( PSOD ) closed out that year with financings of $2.4 billion, the ADB has significantly dropped below that level in the years since and is clearly not on the path to achieving its stated goal of 50 % of financings to the private sector by 2020. Critics also point out that the PSOD is the only Department that actually makes money for the ADB. Hence, with the vast majority of loans going to concessionary ( sub-market ) loans to the public sector, the ADB is facing considerable financial difficulty and continuous operating losses. In the final analysis, the core criticism of the ADB - as well as its sister multinational development banking ( MDB ) institutions, is that they are in their hearts statist organizations. That is true because they are inherently political institutions - first and foremost. While development is their facade, they exist to further the political aims of their members. The establishment of the rival AIIB underscores this fact. The argument for the creation on yet another regional MDB can not be made purely on development finance terms. However, it is clear that the AIIB represents Beijing 's desire to field an institution of their own, especially as the ADB is clearly a creature of the United Srares and Japan. List of 20 largest countries and regions by subscribed capital and voting power The following table are amounts for 20 largest countries by subscribed capital and voting power at the Asian Development Bank as of December 2014. The 20 largest countries and regions by subscribed capital and voting power at the Asian Development Bank Rank Country Subscribed capital ( % of total ) Rank Country Voting power ( % of total ) World 100.000 World 100.000 Japan 15.677 European Union 15.724 United States 15.567 Japan 12.840 European Union 14.429 United States 12.752 China 6.473 China 5.477 India 6.359 India 5.386 5 Australia 5.812 5 Australia 4.948 6 Canada 5.254 6 Canada 4.502 7 Indonesia 5.131 7 Indonesia 4.404 8 South Korea 5.060 8 South Korea 4.347 9 Germany 4.345 9 Germany 3.775 10 Malaysia 2.735 10 Malaysia 2.487 11 Philippines 2.393 11 Philippines 2.213 12 France 2.338 12 France 2.169 13 Pakistan 2.188 13 Pakistan 2.049 14 United Kingdom 2.051 14 United Kingdom 1.940 15 Italy 1.815 15 Italy 1.751 16 New Zealand 1.543 16 New Zealand 1.533 17 Thailand 1.368 17 Thailand 1.393 18 Taiwan 1.094 18 Taiwan 1.174 19 Netherlands 1.030 19 Netherlands 1.123 20 Bangladesh 1.026 20 Bangladesh 1.119 Members Asian Development Bank -- Developing Member Countries ( DMC ) graduation stages Outside regions Asia - Pacific region developed members DMC graduated from assistance, Group - D Ordinary Capital Resources ( OCR ) financing, Group - C OCR and ADF blended financing, Group - B Asian Development Fund ( ADF ) financing, Group - A ADB has 67 members ( as of 23 November 2017 ) : 48 members from the Asian and Pacific Region, 19 members from Other Regions. The non-member nations wholly or primarily in Asia are Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, North Korea, Oman, Qatar, Russia, Saudi Arabia, Syria, the United Arab Emirates, and Yemen. Names are as recognized by ADB. The year after a member 's name indicates the year of membership. At the time a country ceases to be a member, the Bank shall arrange for the repurchase of such country 's shares by the Bank as a part of the settlement of accounts with such country in accordance with the provisions of paragraphs 3 and 4 of Article 43. Regional members Date of accession Afghanistan 1966 Australia 1966 Cambodia 1966 India 1966 Indonesia 1966 Japan 1966 Korea, Republic of 1966 Lao People 's Democratic Republic 1966 Malaysia 1966 Nepal 1966 New Zealand 1966 Pakistan 1966 Philippines 1966 Samoa 1966 Singapore 1966 Sri Lanka 1966 Taipei, China 1966 Thailand 1966 Vietnam 1966 Hong Kong, China 1969 Fiji 1970 Papua New Guinea 1971 Tonga 1972 Bangladesh 1973 Burma 1973 Solomon Islands 1973 Kiribati Cook Islands 1976 Maldives 1978 Vanuatu 1981 Bhutan 1982 China, People 's Republic of 1986 Marshall Islands 1990 Micronesia, Federated States of 1990 Mongolia 1991 Nauru 1991 Tuvalu Kazakhstan 1994 Kyrgyz Republic 1994 Uzbekistan 1995 Tajikistan 1998 Azerbaijan 1999 Turkmenistan 2000 Timor - Leste 2002 Palau 2003 Armenia 2005 Brunei Darussalam 2006 Georgia 2007 Nonregional members Date of accession Austria 1966 Belgium 1966 Canada 1966 Denmark 1966 Finland 1966 Germany 1966 Italy 1966 Netherlands 1966 Norway 1966 Sweden 1966 United Kingdom 1966 United States 1966 Switzerland 1967 France 1970 Spain 1986 Turkey 1991 Portugal 2002 Luxembourg 2003 Ireland 2006 See also African Development Bank Asian Clearing Union Asian Development Bank Institute ( ADBI ) Asian Infrastructure Investment Bank ( AIIB ) Asia Cooperation Dialogue Asia Council Caribbean Development Bank Eurasian Development Bank International Monetary Fund South Asia Subregional Economic Cooperation World Bank References Jump up ^ About : Management, adb.org. Jump up ^ `` ADB Annual Report 2014 ''. Asian Development Bank. Jump up ^ `` ADB History ''. adb.org. Retrieved 2015 - 11 - 26. Jump up ^ `` Departments and Offices ''. adb.org. Retrieved 2015 - 11 - 26. ^ Jump up to : Ming, Wan ( Winter 1995 -- 1996 ). `` Japan and the Asian Development Bank ''. Pacific Affairs. University of British Columbia. 68 ( 4 ) : 509 -- 528. doi : 10.2307 / 2761274. JSTOR 2761274. Archived from the original on 2011 - 08 - 07. Jump up ^ Anonymous. `` ADB Annual Reports ''. Asian Development Bank. adb.org. Retrieved 2015 - 11 - 26. Jump up ^ https://www.adb.org/site/careers/japan-scholarship-program/jsp-institutions Jump up ^ https://www.un.org/en/sections/member-states/intergovernmental-organizations/index.html Jump up ^ `` Shareholders '' ( PDF ). Asian Development Bank. adb.org. Retrieved 2015 - 11 - 26. Jump up ^ `` Board of Directors ''. Asian Development Bank. adb.org. Retrieved 2015 - 11 - 26. Jump up ^ `` New ADB President Takehiko Nakao Assumes Office ''. Asian Development Bank. Jump up ^ `` Contacts. '' ( Archive ) Asian Development Bank. Retrieved on April 21, 2015. `` 6 ADB Avenue, Mandaluyong City 1550, Philippines '' Jump up ^ `` Contacts : How to Visit ADB. '' ( Archive ) Asian Development Bank. Retrieved on April 21, 2015. Jump up ^ `` Key Facts ''. Asian Development Bank. adb.org. Retrieved 2015 - 11 - 26. ^ Jump up to : http://devpolicy.org/aiibe-20150810/ ^ Jump up to : `` ADB History ''. Asian Development Bank. adb.org. Retrieved 2015 - 12 - 21. Jump up ^ Devesh Kapur ; John Prior Lewis ; Richard Charles Webb ( 2010 - 12 - 01 ). The World Bank : Perspectives. Brookings Institution Press. pp. 304 --. ISBN 0 - 8157 - 2014 - 9. Jump up ^ Frank N. Magill ( 23 April 2014 ). Chron 20c Hist Bus Comer. Routledge. pp. 891 --. ISBN 978 - 1 - 134 - 26462 - 9. Jump up ^ `` Core Operational Areas ''. Asian Development Bank. adb.org. Retrieved 2015 - 12 - 14. Jump up ^ `` Education ''. Asian Development Bank. adb.org. Retrieved 2015 - 12 - 14. Jump up ^ `` Environment, Climate Change, and Disaster Risk Management ''. Asian Development Bank. adb.org. Retrieved 2015 - 12 - 14. Jump up ^ `` Finance Sector Development ''. Asian Development Bank. adb.org. Retrieved 2015 - 12 - 14. Jump up ^ `` Sustainable Transport for All ''. Asian Development Bank. adb.org. Retrieved 2015 - 12 - 14. Jump up ^ `` Information and Communications Technology ''. Asian Development Bank. adb.org. Retrieved 2015 - 12 - 14. Jump up ^ `` Energy ''. Asian Development Bank. adb.org. Retrieved 2015 - 12 - 14. Jump up ^ `` Water for All ''. Asian Development Bank. adb.org. Retrieved 2015 - 12 - 14. Jump up ^ `` Urban Development ''. Asian Development Bank. adb.org. Retrieved 2015 - 12 - 14. Jump up ^ `` Regional Cooperation and Integration ''. Asian Development Bank. adb.org. Retrieved 2015 - 12 - 14. Jump up ^ `` Management 's Discussion and Analysis and Annual Financial Statements '' ( PDF ). Asian Development Bank. 31 December 2016. Jump up ^ Bank, Asian Development. `` ADF - OCR Merger to Boost Support for Region 's Poor ''. Asian Development Bank. adb.org. Retrieved 2015 - 11 - 27. Jump up ^ Bank, Asian Development. `` ADB Annual Report 2014 ''. Asian Development Bank. adb.org. Retrieved 2015 - 11 - 27. Jump up ^ `` FAQs ''. Asian Development Bank. adb.org. Retrieved 2015 - 11 - 27. Jump up ^ `` Private Sector ( Nonsovereign ) Financing ''. Asian Development Bank. adb.org. Retrieved 2015 - 12 - 14. Jump up ^ `` Official Cofinancing ''. Asian Development Bank. adb.org. Retrieved 2015 - 12 - 14. Jump up ^ `` Funds ''. Asian Development Bank. adb.org. Retrieved 2015 - 12 - 14. Jump up ^ http://www.business-standard.com/article/pti-stories/adb-raises-rs-500-cr-in-rupee-linked-bonds-116072800207_1.html Jump up ^ `` Overview ''. Asian Development Bank. adb.org. Retrieved 2015 - 12 - 14. Jump up ^ `` Exceptions to Disclosure ''. Asian Development Bank. adb.org. Retrieved 2015 - 12 - 14. Jump up ^ `` Hairatan to Mazar - i - Sharif railway Railways of Afghanistan ''. www.andrewgrantham.co.uk. Retrieved 2015 - 11 - 27. Jump up ^ `` Water Supply and Sanitation Sector Project -- Additional Financing in Armenia : General Procurement Notice Devex ''. www.devex.com. Retrieved 2015 - 11 - 27. Jump up ^ `` Proposed Green Power Development Project in Bhutan Devex ''. www.devex.com. Retrieved 2015 - 11 - 27. Jump up ^ `` Government signs loan agreement with ADB for Rural Roads Sector II Investment Program -- Project 4, Special Content -- Association Releases -- ConstructionBiz360, ConstructionBiz360 ''. www.constructionbiz360.com. Retrieved 2015 - 11 - 27. Jump up ^ `` ADB supports vocational education in Indonesia ''. Antara. 28 September 2012. Retrieved 2015 - 11 - 27. Jump up ^ Murphy, B.J. `` Oudomxay hosts belated opening ceremony for water treatment plant ''. Lao People 's Democratic Republic. Retrieved 2015 - 11 - 27. Jump up ^ `` Food and Nutrition Social Welfare Programme and Project ( Capacity Development Project -- M&E ) ''. Oxford Policy Management. Retrieved 2015 - 11 - 27. Jump up ^ `` Pacific banks go branchless to reach the unbanked Scoop News ''. www.scoop.co.nz. Retrieved 2015 - 11 - 27. Jump up ^ Kilby, Christopher ( 2002 ). `` Donor Influence in MDBs : The Case of the Asian Development Bank '' ( PDF ). The Review of International Organizations. 68 ( 4 ) : 509 -- 528. Retrieved 2010 - 09 - 16. Jump up ^ `` The Asian Development Bank and Food Security ''. Oxfam Australia. Jump up ^ `` Inter Press Service -- News and Views from the Global South ''. Archived from the original on 2007 - 12 - 12. Jump up ^ `` Large - scale ADB projects draw criticism ''. The Japan Times. Jump up ^ `` RFI -- NGO criticises ADB and questions its ability to reduce poverty ''. rfi.fr. Jump up ^ `` ADB to meet amid food crisis, growing poverty '' Archived July 17, 2011, at the Wayback Machine. Jump up ^ Walsh, Denny ( 2008 - 04 - 23 ). `` Laos plot case back in federal court ''. Sacramento Bee. Retrieved 2008 - 04 - 23. Jump up ^ `` Members, Capital Stock, and Voting Power '' ( PDF ). adb.org. December 2014. Jump up ^ `` A Graduation Policy for the Bank 's DMCs ''. Asian Development Bank. Jump up ^ `` Members ''. Asian Development Bank. Jump up ^ Agreement Establishing the Asian Development Bank. Asian Development Bank. Retrieved 2007 - 12 - 10. Jump up ^ Joined as Kingdom of Laos, succeeded by Lao PDR in 1975 Jump up ^ `` Asian Development Bank and Taipei, China : Fact Sheet ''. Asian Development Bank. Jump up ^ Joined as China, Republic of representing not only Taiwan Area, but also nominally Mainland China until 1986. However, its share of Bank capital was based on the size of Taiwan 's capital, unlike the World Bank and IMF where the government in Taiwan had had a share. The representation was succeeded by People 's Republic of China in 1986. However, the ROC was allowed to retain its membership, but under the name of Taipei, China ( space deliberately omitted after the comma ) -- a name it protests. Uniquely, this allows both sides of the Taiwan Straits to be represented at the institution. Jump up ^ Formerly Viet Nam, Republic of until 1975 Jump up ^ Joined as `` British Hong Kong '', not `` Hong Kong SAR '' Jump up ^ Founding member ; joined as West Germany. Further reading Huang, P.W. 1975. The Asian Development Bank : Diplomacy and Development in Asia. New York, NY : Vantage Press. Krishnamurti, R. 1977. ADB : The Seeding Days. Manila : Asian Development Bank. McCawley, Peter. 2017. Banking on the Future of Asia and the Pacific : 50 Years of the Asian Development Bank. Manila : Asian Development Bank. Watanabe, Takeshi. 1977 ( reprinted 2010 ). Towards a New Asia. Manila : Asian Development Bank. Wihtol, Robert. 1988. The Asian Development Bank and Rural Development : Policy and Practice. Hampshire, UK : Macmillan Press. Wilson, Dick. 1997. A Bank for Half the World : The Story of the Asian Development Bank, 1966 - 1986. Manila : Asian Development Bank. Yasutomo, D.T. 1983. Japan and the Asian Development Bank. New York, NY : Praeger. External links Wikimedia Commons has media related to Asian Development Bank. Official website Bank Information Center ADB Institute `` Inequality Worsens across Asia '', Dollars & Sense magazine, November / December 2007. Article discussing recent reports from the ADB. `` The right business environment '' Youth unemployment in Asia. An interview with Jesus Felipe, advisor in the Economics and Research Department of ADB. 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Question: where is asian developement bank's headquarter located
Answer: Ortigas Center located in Mandaluyong, Metro Manila, Philippines