The Asian Development Bank

The Asian Development Bank (ADB) is a regional development bank that provides loans from capital resources on commercial terms to its member counties. Founded by 31 member governments in 1966 its mandated objective is to promote social and economic progress in the Asian and Pacific Region by extending loans and equity investments for economic and social development of its developing member countries.

Since its inception the ADB’s membership has grown to 67 states, which included 48 from the region and 19 non-regional members. Through this expansion, however, the two major donors remain the same; United States of America and Japan.

The ADB publishes the Asian Economic Monitor, a semiannual review of emerging East Asia’s growth and policy issues. It covers the 10 members of the Association of Southeast Asian Nations; the People’s Republic of China; Hong Kong, China; Republic of Korea; and Taipei,China.
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