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Asian Development Bank
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    Also found in: Financial, Wikipedia 0.09 sec.

Asian Development Bank

Bank founded in 1966 to stimulate growth in Asia and Pacific region by administering direct loans and technical assistance. In 2007 there were 67 member countries (48 regional and 19 non-regional). The headquarters are in Manila, Philippines.

Japan played a leading role in the setting-up of the ADB, which was established under the aegis of the United Nations Economic and Social Council for Asia and the Pacific (ESCAP).



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and also liaise with other partners such as the World Bank, the Asia Development Bank, the European Commission and other donors, as well as international non-governmental organizations and civil society.
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But, he quickly adds, the World Bank does plan to sink $300 million to $350 million a year into general economic development in Vietnam, and the Asia Development Bank intends to follow suit with $600 million for 10 new infrastructure projects in 1994.
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He is a member of the State Enterprise Board of Directors, is an Alternate Governor, The World Bank-International Bank for Reconstruction and Development and Alternate Governor, The Asia Development Bank.
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