report on asian development bank

ASIAN DEVELOPMENT BANK

ByMounikaRayapati

INTRODUCTION Founded in 1966 Head quarters is in Metro Manila, Philippines. ADB has grown to encompass 67 members of which 48 are from

within the Asia and Pacific region and 19 from outside. Georgia is the 67th and newest member, having joined ADB effective

2nd February 2007. The present president is Takehiko Nakao,2013. It has field offices at 26 countries.

VISION

An Asia and Pacific free of poverty.

MISSION Mission is to help its developing member countries

reduce poverty and improve the quality of life of their people.

Under strategy 2020, ADB will follow 3 complementary strategic agendas: Inclusive growth, environment sustainable growth and regional integration.

STATES GOALS

Promoting economic growthReducing povertyDeveloping human resourcesImproving the status of womenProtecting the environment

WHAT DOES ADB DO ?

ADB’s overarching goal is to reduce poverty in Asia and in Pacific. It helps to improve the quality of peoples lives by providing loans at a low interest rates and technical assistance for a broad range of development activities.

SOURCES OF FUNDS

Issuing of fundsRetained earnings from lending'sMembers contributionBorrowings from world capital market

PROJECTS AND PROGRAMS Supports projects in agriculture and natural resources, education,

energy, transport and communication, finance, industry and non-fuel minerals.

Countries with limited debt repayment capacity in the region receive additional help through the ADF.

ADB & INDIA

India joined at its founding in 1966 and since lending operations began in 1986. it is the 4th largest shareholder.

Ashok K Lahiri is the executive director and Tadashi Kondo is the ADB country director for India.

ROLE OF ADB IN INDIA

ADB has approved 130 loans (sovereign and non-sovereign) amounting to $20,586.5 million since 1986.

Core focus on ADB’s strategy in India is poverty reduction through infrastructure-led growth.

The growth to be maintain environment sustainable, admist increasing preserve on natural resources.

IMPACT OF ASSISTANCE

Support for rural roads program since 2003 is helping to improve connectivity in rural areas of five states- Assam, Chhattisgarh, Madhya Pradesh, Orissa and west Bengal.

The Gujarat earthquake rehabilitation and reconstruction project(may 2001-November 2007) has helped in reconstructing and restoring damaged infra in the earthquake affected areas of Gujarat.

The tsunami emergency assistance project has helped to rebuild houses, roads, bridges, ports facilities and other public infra incorporating better safety standards.

The housing finance II project, consisting of loans(march2002- june2007), provided loans to low income households for home purchases or improvements through financial intermediaries.

PROJECTS UNDERTAKEN IN INDIA

Integrating Poverty Reduction in Programs and Projects in India.

Capacity Building for the Clean Development Mechanism in India.

Capacity Building for the Contract supervision and Management in NHAI.

Capacity Development for Strengthening Implementation of social andEnvironmental Safeguard requirements in Projects in India.

Securities Companies in India.

SBI Gilts Ltd , etc….

ACHIVEMENTS OF ASIAN DEVELOPMENT BANK

Funding projects led by the Utah State University to bring laborskills to Thailand.

Technical assistance grant of US$2 million to Bangladesh toovercome the challenges linked to climate change.

Loan of $1.2 billion to bail Pakistan out of an impending economiccrisis.

Contributions towards the development of solar energy in India.

Earthquake and Tsunami Emergency Support Project in Indonesia.

CHALLENGES OF ADB

Poverty is still one of the main challenges faced by ADB.

Safe water is still not available to 60% of the people in the membercountries.

Improved sanitation facilities not reached70% of the people.

Out of every 100 children, 40 die before theyreach 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