ASIAN DEVELOPMENT BANK
Background Note
ладо
Introduction
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The Bank is an international development finance institution
It was established in 1966 with headquarters
owned by its member governments.
in Manila. It now has 47 member countries, 32 regionals including 3 donor countries Australia, New Zealand and Japan and 15 non-regionals
including the US, Canada, the main EC countries and the Nordics. The UK was a founder member. (The Peoples' Republic of China became a member
with effect from 10 March).
The Asian Development Fund was established in 1974 as the Bank's concessional
lending arm to consolidate several existing special funds which had provided
concessional loans on different terms, and to standardise the lending
by the Bank to the smaller poorer members. The Fund lends interest free,
except for a service charge of 1%, for repayment over 40 years to the
poorest members of the Bank.
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Purpose to foster economic growth and cooperation in the Asian and
Pacific region and to contribute to the economic development of its
developing member countries, collectively and individually.
Membership
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Regional members are: Afghanistan, Australia, Bangladesh,
Bhutan, Burma, Cambodia, Cook Islands, Fiji, Hong Kong, India, Indonesia,
Japan, Kiribati, Korea, Laos, Malaysia, Maldives, Nepal, New Zealand,
Pakistan, Papua New Guinea, Peoples Republic of China, Philippines,
Singapore, Solomon Islands, Sri Lanka, Taipei, China, Thailand, Tonga,
Vanuatu, Vietnam, Western Samoa.
HKKIO2/
RECE VEL
JINY
1 8 JUN 1986
INDEX
PA
1
42
AJB1876.