Function of asian development bank

It opened for business in June and helped in the reconstruction of nations devastated by World War II. Since s the World Bank has shifted its focus from the advanced industrialized nations to developing third-world countries. The organization of the bank consists of the Board of Governors, the Board of Executive Directors and the Advisory Committee, the Loan Committee and the president and other staff members. All the powers of the bank are vested in the Board of Governors which is the supreme policy making body of the bank. The authorized capital of the Bank has been increased from time to time with the approval of member countries.
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ADVANTAGES AND DISADVANTAGES IN PROJECT OF ASIAN DEVELOPMENT BANK

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Asian Development Bank (ADB) | Accountability Mechanism (AM) | Accountability Counsel

The company also maintains 31 field offices around the world [5] to promote social and economic development in Asia. 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. Upon completion of their study programs, scholars are expected to contribute to the economic and social development of their home countries. As of 31 December , Japan and the United States each holds the largest proportion of shares at
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Asian Development Bank

Following the end of the colonial period in Africa, a growing desire for more unity within the continent led to the establishment of two draft charters, one for the establishment of the Organisation of African Unity established in , later replaced by the African Union , and for a regional development bank. The Bank was able to return to its original headquarters in Abidjan in late once the political crisis was over. By June , over 1, staff had returned to the Bank's Abidjan headquarters out of the more than 1, total staff complement at the Bank.
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The Asian Development Bank, a multilateral development finance institution, was founded in by 31 member governments to promote the social and economic progress of the Asian and Pacific region. Over the past 31 years, the Bank's membership has grown to 57, of which 41 are from within the region and 16 from outside the region. The Bank gives special attention to the needs of the smaller or less-developed countries and priority to regional, subregional, and national projects and programs. The Bank's principal functions are i to extend loans and equity investments for the economic and social development of its developing member countries DMCs ; ii to provide technical assistance for the preparation and execution of development projects and programs, and for advisory services; iii to promote and facilitate investment of public and private capital for development purposes; and iv to respond to requests for assistance in coordinating development policies and plans of its DMCs.
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