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Role & Functions of Asian Development Bank (ADB)

Asian Development Bank
Asian development bank
Written by Piyush Jha

Role & Functions of Asian Development Bank (ADB): This article focuses on the History, Role, Objective and Function of Asian Development Bank (ADB). You can also learn here the full form of ADB, History of ADB, and ADB definition. Here, I will also share the information about the role of ADB, objectives of the Asian Development Bank (ADB) and the Asian Development Bank (ADB) functions. If you want to know List of Total banks in India then you can click on given link to know more because I have already written an article on the List of banks in India. Let’s read the full article to get more information about the ADB. I have also written an article about the Asian Development Bank (ADB).

History of Asian Development Bank (ADB)

The Asian Development Bank (ADB) is established on 19 December 1966, which is headquartered located in Manila, Philippines. The purpose of this regional development bank is Economic development in Asia. There are 68 countries member’s of the Asian Development Bank (ADB).

Sr. Titles Description
1 Headquarter Manila, Philippines
2 President Click here
3 Established 19-Dec-1966
4 Purpose Economic development
5 Total Members (Till 19-04-2019) 68 countries
6 Came into force 1st Jan 1967

Role of the Asian Development Bank (ADB)

  • Economic and social development in the Asia and Pacific region.
  • Asian Development Bank’s (ADB) objective is to support human development.
  • Its purpose is to help member countries to fight poverty. Therefore, it helps them in poverty reduction and development of the country.
  • To Support members ask states to raise public resources and management.

Functions of the Asian Development Bank (ADB)

  • Promote investment in the public and private sector for development purposes.
  • Help member countries to coordinate their development policies and plans.
  • To Answer the requests for assistance in coordinating the development policies and schemes of member countries.
  • Asian Development Bank (ADB) works and want to continue working towards empowering women and improving their position in society.

List of areas of Focus by Asian Development Bank:

  • Health
  • Education
  • Environment
  • Public sector management
  • Finance sector development
  • Agriculture and natural resources
  • Regional cooperation and integration
  • ADB also operates on a limited scale in other areas, including
  • Infrastructure (urban development, information, water, energy, transport, and communications technology)

ADB’s 52 Annual Meeting: 

The 2019 Annual Meeting of the Board of Governors of the Asian Development Bank will be held in Fiji from Wednesday, 1 May to Sunday, 5 May 2019.

List of ADB member’s countries (Till April 19, 2019):

Sr. Asian Development Bank Members Countries Name Year
1  Niue 2019
2  Georgia 2007
3  Brunei Darussalam 2006
4  Ireland 2006
5  Armenia 2005
6  Palau 2003
7  Luxembourg 2003
8  Timor-Leste 2002
9  Portugal 2002
10  Turkmenistan 2000
11  Azerbaijan 1999
12  Tajikistan 1998
13  Uzbekistan 1995
14  Kazakhstan 1994
15  Kyrgyz Republic 1994
16  Tuvalu 1993
17  Mongolia 1991
18  Nauru 1991
19  Turkey 1991
20  Marshall Islands 1990
21  Micronesia, Federated States of 1990
22  China, People’s Republic of 1986
23  Spain 1986
24  Bhutan 1982
25  Vanuatu 1981
26  Maldives 1978
27  Cook Islands 1976
28  Kiribati 1974
29  Bangladesh 1973
30  Burma 1973
31  Solomon Islands 1973
32  Tonga 1972
33  Papua New Guinea 1971
34  Fiji 1970
35  France 1970
36  Hong Kong, China 1969
37   Switzerland 1967
38  Afghanistan 1966
39  Australia 1966
40  Cambodia 1966
41  India 1966
42  Indonesia 1966
43  Japan 1966
44  Korea, Republic of 1966
45  Lao People’s Democratic Republic 1966
46  Malaysia 1966
47    Nepal 1966
48  New Zealand 1966
49  Pakistan 1966
50  Philippines 1966
51  Samoa 1966
52  Singapore 1966
53  Sri Lanka 1966
54  Taipei,China 1966
55  Thailand 1966
56  Vietnam 1966
57  Austria 1966
58  Belgium 1966
59  Canada 1966
60  Denmark 1966
61  Finland 1966
62  Germany 1966
63  Italy 1966
64  Netherlands 1966
65  Norway 1966
66  Sweden 1966
67  United Kingdom 1966
68  United States 1966

 

 

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About the author

Piyush Jha

As a co-founder and SEO-Specialist of the Sarkari Bank, my focus within the business has been on the development of new products, following global trends and ensuring our content is perfect every time, I am a creative person and innovating the ideas is my specialty.

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