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History ADB
Established on 22 August 1966 to facilitate economic development of countries in Asia. Initiated by Japan 31 members at its establishment Now has 67 members - of which 48 are from within Asia and the Pacific and 19 outside. Closely modeled as world bank Japans initial control Holds presidency and some other crucial "reserve positions

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 Indonesia,Thailand,Malaysia,South Koreaand thePhilippines, the countries with which Japan had crucial trading ties; these nations accounted for 78.48% of the total ADB loans in 1967-72 India is a founding member of ADB and its fifth largest shareholder.

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VISION AND MISSION

Vision : An Asia and Pacific Free of Poverty

Mission:

to help its developing member countries reduce poverty and improve the quality of life of their people.

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ADBs Goals
1. Promoting economic growth 2. Reducing poverty 3. Developing human resources 4. Improving the status of women 5. Protecting the environment

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Organisation
12 members of theBODand their deputy Eight of the 12 members from Asia-Pacific while the others come from non-regional members. President- Japan 67 members Japan & US holds 12.5% (552,210 shares each) China- 228,000 shares (6.429%) Indiaholds 224,010 shares (6.317%)

Headquarters6 ADB Avenue,Mandaluyong City,Metro Manila, Philippines

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Projects and programs

Supported programs 1. Agricultural and natural resources 2. Energy 3. Finance 4. Industry and non fuel minerals 5. Social infrastructure 6. Transport and communications

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ADBS PRINCIPAL FUNCTIONS

To provide loans / grants for specific projects, sectors (with a large number of sub projects), program loans and DFI loans. To Provide technical assistance and advisory services To Promote investment for development purposes To Assist in coordinating developing member countries development policies and plans

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Long-term Strategic Framework 20082020 approved in April 2008

Three 1. 2. 3.

strategic agendas:

Inclusive growth, Environmentally sustainable growth Regional integration drivers of change:

.Five

1. private sector development/operations, 2. good governance and capacity development, 3. gender equity, 4. knowledge solutions,
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Features
1. 2. 3. 4. 5.

Public Sector Lending Operations Co-financing and Guarantee Operations Grants Technical Assistance Private Sector Operations

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Advantages
1. infrastructure, 2. environment including climate change, 3. regional cooperation and integration, 4. financial sector development, 5. education

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Criticism

Japanand theUnited States, have had extensive influence over lending, policy and staffing decisions. has criticized the Asian Development Bank of insensitivity to local communities. Nations Environmental Program, stating in a report that "much of the growth has bypassed more than 70 percent of its rural population, many of whom are directly dependent on natural resources for livelihoods and incomes." large scale projects cause social and
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OxfamAustralia

United

ADB's

Cont
ADB's

environmental safeguards policy as well as policies forindigenous peoplesandinvoluntary resettlement is up to international standards on paper, but ignored in practice. ADB has been accused by civil society of ignoring warnings leading up the crisis and also contributing to it by pushing loan conditions that many say unfairly pressure governments toderegulateandprivatizeagriculture, leading to problems such as the rice supply shortage inSoutheast Asia
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The

India and ADB

Funding member of ADB and fourth largest shareholder Joined in 1966 Shares held 224,010 (6.32%) Votes 237,242(5.35%) ADB has approved 130 loans of $20,586million since 1986 Projects of $181 million are under implimentaion Ministry of finance handles affairs of ADB
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Cont.
In 2008 India was largest borrower including $8.2 billon loan
$3.3 $1.7 $1.5 $1.0 billon to transport billon to urban infrastructure billon to urban energy sector billon to financial sector

Mr.Asok K. Lahiri is the executive director Tadashi Kondo is ADB country director for India

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The India Resident Mission (INRM)

was opened in 1992. provides the primary operational link between

ADB and the government, private-sector, and civilsociety stakeholders in its activities.

INRM engages in policy dialogue and acts as a knowledge base on development issues in India. The India government agency handling ADB affairs is the Ministry of Finance.
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Impact of Assistance
1. The Housing Finance II project, consisting of loans 1759 and 1761(March 2002June 2007),
provided

loans to low-income households or home purchases or improvements through financial intermediaries, both in the formal and informal sectors in improved living conditions for the subborrowers and helped build linkages between theformal and informal institutions in the housing finance sector.
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resulted

Impact of Assistance
2. The Gujarat Earthquake Rehabilitation and Reconstruction Project(May 2001November 2007)
helped

in reconstructing and restoring damaged infrastructure in the earthquake-affected areas of Gujarat state, India. early restoration of economic and social activity, especially for poor and lower-income groups, by reconstructing houses in rural areas; improving the urban and rural water supply,sewerage, drainage, and sanitation; onstructing power substations;and improving transmission and distribution.
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enabled