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ADB
The Philippines capital of Manila was chosen to host the new institution, which opened on 19 December 1966, with 31 members that came together to serve a predominantly agricultural region. Takeshi Watanabe was ADB’s first President.
During the 1960s, ADB focused much of its assistance on food production and rural development.
The ADB was modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members’ capital subscriptions. As of 31 December 2018, Japan and the United States each holds the largest proportion of shares at 15.571%. China holds 6.429%, India holds 6.317%, and Australia holds 5.773%.
Articles
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ADB to Help Develop Uzbekistan’s Largest Petrochemical Plant
25 January 2012 -
$500 Million Loan to Help Uzbekistan Improve Rural Housing
31 August 2011 -
ADB Provides $200mln Loan for Kazakhstan to Finance MSMEs
28 October 2016, by Catherine BISSON-SERIAN -
Afghanistan Launches the First Major Railway Service
21 December 2011 -
Shahriston Tunnel in Sughd Province Inaugurated
28 October 2012 -
ADB-Funded Uzbekistan Rail Project to Accelerate Regional Trade
29 September 2011 -
Tajikistan Improves Connectivity and Increases Trade with CAREC Support
25 October 2012 -
ADB $500 Million Investment Program Aids Uzbekistan’s Push for Increased Trade, Growth
27 August 2011 -
CAREC Ministers Agree on $23 Billion Action Plan to Boost Central Asia Links
31 October 2012 -
ADB, EBRD Strengthen Ties in Caucasus and Central Asia
23 November 2011
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