ADB

Introduction: 

Introduction •President: Haruhiko Kuroda •Headquarters: Manila, Philippines •Founded: 1966 •Members: 67 •Regional members: 48 •Non regional members: 19 •Field offices: 26 Total employees: 2,400+ •Nationalities employed: 50+

CONT……: 

CONT…… • Total loans in 2007: US$10.1 billion •Total grants in 2007: $672.7 million •Technical assistance in 2007: $243.4 million •Private Sector Assistance in 2007: $1.75 billion

VISION &MISSION: 

VISION &MISSION Vision : An Asia and Pacific Free of Poverty Mission : to help its developing member countries reduce poverty and improve the quality of life of their people.

ADB’s Goals: 

ADB’s Goals 1. Promoting economic growth 2. Reducing poverty 3. Developing human resources 4. Improving the status of women 5. Protecting the environment

OBJECTIVES: 

OBJECTIVES To promote investment in ESCAP region of public & private capital for development. To utilize the resources for financing development, giving priority to the projects.

FUNCTIONS: 

FUNCTIONS to extend loans and equity investments for the economic and social development of its developing member countries (DMCs). to provide technical assistance for the preparation and execution of development projects and programs, and for advisory services. to promote and facilitate investment of public and private capital for development purposes. to respond to requests for assistance in coordinating development policies and plans of its DMCs.

PROJECTS &PROGRAMME: 

PROJECTS &PROGRAMME Supported Projects 1. Agriculture and natural resources. 2. Energy. 3. Finance. 4. Industry and non-fuel minerals. 5. Social infrastructure. 6. Transport and communications.

MEMBERSHIP: 

MEMBERSHIP 31 members at its establishment in 1966 has grown to encompass 67 members Georgia is the 67 th and newest member, having joined ADB effective 2 February 2007 of which 48 are from within the Asia and Pacific the region and 19 are from other parts of the globe.

ADB PARTNERS: 

ADB PARTNERS Governments. Private sector. Nongovernment organizations. Development agencies. Community-based organizations, and foundations.

Asian Development Fund (ADF): 

Asian Development Fund (ADF) Since 2000, helped build 38,000 schools and build or improve 6,700 health facilities helped provide over 200,000 safe water connections irrigate more than 300,000 hectares of land build or rehabilitate 42,000 kilometers of roads

ADB’s LENDING VOLUME: 

ADB’s LENDING VOLUME In 2008, lending volume was $10.49 billion (86 projects), with TA at $274.5 million (299 projects) and grant-financed projects at $811.4 million (49 projects). Over the last 5 years (2004–2008), ADB’s annual lending volume averaged $7.70 billion, with TA averaging $231.5 million and grant-financed projects $655.1 million.

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CONT…... As of 31 December 2008,the cumulative totals were $143.53 billion in loans for 2,147 projects in 41 countries,$4.08 billion for 263 grant projects, and $3.55 billion for 6,599 TA projects.

INDIA & ADB: 

INDIA & ADB founding member of the ADB and its fourth largest shareholder. ADB Membership Joined 1966 Shares held 224,010 (6.32%) Votes 237,242 (5.35%) Ashok K. Lahiri is the Executive Director and Md. Aminul Islam Bhuiyan is the Alternate Executive Director representing India on the ADB Board of Directors. Tadashi Kondo is the ADB Country Director for India.

IMPACT OF ASSISTANCE: 

IMPACT OF ASSISTANCE 1.The Housing Finance II project, consisting of loans 1759 and 1761(March 2002–June 2007), provided loans to low-income households or home purchases or improvements through financial intermediaries, both in the formal and informal sectors resulted in improved living conditions for the sub-borrowers and helped build linkages between theformal and informal institutions in the housing finance sector.

CONT…...: 

CONT…... 2.The Gujarat Earthquake Rehabilitation and Reconstruction Project(May 2001–November 2007) helped in reconstructing and restoring damaged infrastructure in the earthquake-affected areas of Gujarat state, India.

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CONT…… enabled early restoration of economic and social activity, especially for poor and lower-income groups, by reconstructing houses in rural areas; improving the urban and rural water supply,sewerage , drainage, and sanitation; onstructing power substations;and improving transmission and distribution