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Transcript of ADB
IR
Asian Development Bank
INTRO TO ADB
Founded in 1966
Headquarters are in Manila, Philippines
Primary mission is to foster growth and
cooperation among countries in the Asia-Pacific
Region
Non-governmental organization providing
funding and technical assistance
STATED GOALS
1. Promoting
economic growth
2. Reducing poverty
3. Developing human
resources
4. Improving the status
of women
5. Protecting the
environment
FUNCTIONS
Provides loans and equity investments to its developing member countries
Provides technical assistance for the planning and execution of development projects and programs and for advisory services
Promotes and facilitates investment of public and private capital for development
Assists in coordinating development policies and plans of its DMCs
AREAS OF WORK
The Bank's operations cover a wide spectrum of activities and have been classified according to the following sectors:
1. Agriculture and natural resources
2. Transport and communications
3. Energy
4. Industry and non-fuel minerals
5. Finance
6. Social infrastructure
CHALLENGES
Safe water is still not available to 60% of the people in the member countries
Improved sanitation facilities have still not reached 70% of the people
Out of every 100 children, 40 die before they reach the age of 15. Infant mortality rate is very high
Half of the undernourished population of the world lives in Asia
Rising inflation has adversely impacted growth rates in Asia
ECONOMIC MANAGEMENT
ADB has focused on good governance and macroeconomic stability
The triggers for reform in most PDMCs have been intrinsically related to fiscal crises, unmanageable government debts, public dissatisfaction with government performance, and election of reform-oriented governments
AREAS OF EMPHASIS
1. Supporting legislative reform of the role of parliament and the public sector
2. Strengthening good governance institutions
3. Introducing fiscal discipline and output focused budgeting
4. Downsizing the civil service and strengthening its professionalism
5. Promoting more open and growth-orientated economic policies
6. Encouraging privatization and a larger role for the private sector
ORGANIZATIONAL STRUCTURE
The ADB has 64 Member Countries, 45 from within the Asia-Pacific region of which 42 are borrowing countries, referred to as Developing Member Countries
Each member county is represented on the Board of Governors
The less influential countries are grouped into constituencies and the constituency is represented by an Executive Director (ED) and an Alternate Executive Director
ORGANIZATIONAL STRUCTURE
The Board of Governors elects a 12-person Board
of Executive Directors, who are nominated by their
respective governments. Representation on this
board is determined by the level of financial
contribution to the ADB
Within the constituency countries that make the
largest contributions hold the ED and AED
positions. Between them the 4 WaterAid working
countries hold around 9% of voting rights
ORGANIZATIONAL STRUCTURE
Below the executive level the Bank is organized into departments, including 5 regional departments for managing operations.
All WaterAid working countries fall within the South Asia regional department