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Economic Globalization, International Organizations and Crisis Management pp 155–183Cite as

The Asian Development Bank in the Context of Rapid Regional Development

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Abstract

Regional development banks are a frequently overlooked layer of institutions among international organizations. However, their financial power is considerable. Through 1995, the respective regional banks including their soft loan windows have approved loans totaling $78ón for Latin America and the Caribbean, $57ón for Asia, $30bn for Africa, and $10bn for Europe. Even when compared to the more prominent World Bank group, these amounts are not tiny. The ratio of regional development bank loans to World bank loans in the respective region is 86%, 40%, 38% and 23% respectively2. For recent years, the figures are even closer together. As for 1995, and mentioning only Asia, the Asian Development Bank (ADB) and its soft loan wing Asian Development Fund (ADF) approved loans totaling $5.5bn, compared to $8.7bn for the World Bank group’s IBRD and IDA, i. e. the ratio had become 63%. For some countries, ADB is actually a more important source of help than the World Bank. In 1992, this held for Pakistan and Sri Lanka, for example (Culpeper, 1997, p. 40).

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Authors
  1. Werner Pascha
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Editors and Affiliations

  1. Institute for Economic- and Socialhistory, University of Münster, Spiekerhof 40, 48143, Münster, Germany

    Richard Tilly

  2. European Institute for International Economic Relations (EIIW), University of Potsdam, August-Bebel-Str. 89, 14482, Potsdam, Germany

    Paul J. J. Welfens

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© 2000 Springer-Verlag Berlin Heidelberg

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Pascha, W. (2000). The Asian Development Bank in the Context of Rapid Regional Development. In: Tilly, R., Welfens, P.J.J. (eds) Economic Globalization, International Organizations and Crisis Management. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-57110-7_6

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  • DOI: https://doi.org/10.1007/978-3-642-57110-7_6

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  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-63010-1

  • Online ISBN: 978-3-642-57110-7

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