Knowra Asian Development Bank Asian Development Bank The Asian Development Bank is a multilateral development bank that finances economic and social development in Asia and the Pacific. Its headquarters are in Manila.
Asian Development Fund : A concessional financing fund administered by the Asian Development Bank for its poorest developing member countries. It provides grants and low-interest loans for development projects that cannot bear ordinary borrowing costs.
Asian Development Bank Board of Governors : The Asian Development Bank’s highest governing body, composed of one representative from each member. It holds authority over major institutional decisions, including membership and capital changes.
Asian Development Bank Agreement : The 1965 international agreement that established the Asian Development Bank and set out its institutional framework. It created the legal basis for the bank and defined its initial purpose and governance.
World Bank : An international financial institution that provides financing and expertise to reduce poverty and support development worldwide. Unlike the bank’s Asia-Pacific mandate, the World Bank operates across global regions.
Greater Mekong Subregion : A regional cooperation program linking Cambodia, Laos, Myanmar, Thailand, Vietnam, and China’s Yunnan and Guangxi regions. The bank has coordinated cross-border transport, energy, and trade projects through this program.
Asian Development Bank Board of Directors : The resident governing board that oversees the Asian Development Bank’s operations and approves its policies and financing. It reviews and approves many of the bank’s loans, grants, and technical assistance projects.
Asian Development Bank founding members : The countries that joined the Asian Development Bank when it began operations in 1966. Their participation established the bank as a regional institution with both Asian and non-Asian members.
Asian Infrastructure Investment Bank : A multilateral development bank established in 2015 to finance infrastructure in Asia and beyond. It is a newer, overlapping regional lender with a distinct membership and governance structure.
Asian Highway Network : A network of highways designated to improve road connections among countries in Asia. The bank has supported regional transport connectivity that includes this network.
Asian Development Bank voting power : The distribution of decision-making votes among members of the Asian Development Bank. Voting shares combine basic votes with votes tied to members’ capital subscriptions.
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