A Case Study about Asian Development Bank: Nepal
Introduction: The Asian Development Bank (ADB) is a multilateral financial institution owned by 63 members, 44 from Asia and the Pacific region and 19 from other parts of the world. Established in 1966, ADB’s overarching goal is to reduce poverty in the Asia and Pacific. The two largest shareholders of ADB are Japan and USA, each accounting for about sixteen percent of the total subscribed capital. To achieve the goal of reducing poverty in member countries, ADB supports activities in its developing member countries (DMCs) to promote pro-poor economic growth, inclusive social development and good governance. Under its Long-term Strategic Framework (2001-2005), ADB takes into account in its activities three crosscutting themes: private sector development, regional cooperation and environmental sustainability.
Since its establishment, ADB has maintained its role as a catalyst in promoting the development of the most populous regions of the world. ADB usually extends its loans and equity investments to the developing member countries (DMCs) for their socio-economic upliftment. It also provides technical assistance for planning and executive development projects and programmes and for advisory services. ADB also works for the promotion and facilitation of public and private capital for development. Thus, ADB bears distinguishing features of its “Asia-ness”. About 60 percent of its staffs and share capital come from Asia. It’s Headquarters is located in the Philippines, one of the emerging economies of Asia. Keep reading…
