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Asian Development Bank

Reference work entry
Part of the The Statesman's Yearbook book series (SYBK)

A multilateral development finance institution established in 1966 to promote economic and social progress in the Asian and Pacific region, the Bank’s strategic objectives are to foster economic growth, reduce poverty, improve the status of women, support human development (including population planning) and protect the environment.

The bank’s capital stock is owned by 67 member countries, 48 regional and 19 non-regional. The bank makes loans and equity investments, and provides technical assistance grants for the preparation and execution of development projects and programmes; promotes investment of public and private capital for development purposes; and assists in co-ordinating development policies and plans in its developing member countries (DMCs).

The bank gives special attention to the needs of smaller or less developed countries, giving priority to projects that contribute to the economic growth of the region and promote regional co-operation. Loans from ordinary capital...

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