annual report 2017 organizational information0.049 0.338 2006 0.340 0.571 china, people’s 1966...
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Subscribed Voting Subscribed Voting
Capitala Powerb Capitala Powerb
(% of total) (% of total) (% of total) (% of total)
Afghanistan 1966 0.034 0.326 1966 0.340 0.571Armenia 2005 0.298 0.537 1966 0.340 0.571Australia 1966 5.786 4.928 1966 5.231 4.483Azerbaijan 1999 0.445 0.654 1966 0.340 0.571Bangladesh 1973 1.021 1.115 1966 0.340 0.571Bhutan 1982 0.006 0.303 1970 2.328 2.161Brunei Darussalam 2006 0.352 0.580 1966 4.326 3.759Cambodia 1966 0.049 0.338 2006 0.340 0.571China, People’s 1966 1.807 1.744
1986 6.444 5.454 2003 0.340 0.571Cook Islands 1976 0.003 0.301 1966 1.026 1.119Fiji 1970 0.068 0.353 1966 0.340 0.571Georgia 2007 0.341 0.572 2002 0.113 0.389Hong Kong, China 1969 0.545 0.734 1986 0.340 0.571India 1966 6.331 5.363 1966 0.340 0.571Indonesia 1966 5.446 4.655 1967 0.584 0.765Japan 1966 15.607 12.784 1991 0.340 0.571Kazakhstan 1994 0.806 0.944 1966 2.042 1.932Kiribati 1974 0.004 0.302 1966 15.607 12.784
1966 5.038 4.329 Subtotal 36.467 34.845Kyrgyz Republic 1994 0.299 0.538 TOTAL 100.000 100.000Lao People’s
1966 0.014 0.310Malaysia 1966 2.723 2.477Maldives 1978 0.004 0.302Marshall Islands 1990 0.003 0.301
1990 0.004 0.302Mongolia 1991 0.015 0.311Myanmar 1973 0.545 0.734Nauru 1991 0.004 0.302Nepal 1966 0.147 0.416New Zealand 1966 1.536 1.527Pakistan 1966 2.178 2.041Palau 2003 0.003 0.301Papua New Guinea 1971 0.094 0.374Philippines 1966 2.383 2.205Samoa 1966 0.003 0.301Singapore 1966 0.340 0.571Solomon Islands 1973 0.007 0.304Sri Lanka 1966 0.580 0.762Taipei,China 1966 1.089 1.170Tajikistan 1998 0.286 0.528Thailand 1966 1.362 1.388Timor-Leste 2002 0.010 0.306Tonga 1972 0.004 0.302Turkmenistan 2000 0.253 0.501Tuvalu 1993 0.001 0.300Uzbekistan 1995 0.674 0.837Vanuatu 1981 0.007 0.304Viet Nam 1966 0.341 0.572 Subtotal 63.533 65.155
Members, Capital Stock, and Voting Power(as of 31 December 2017)
REGIONAL NONREGIONALAustria
Year of
Membership
Republic of Luxembourg
BelgiumCanadaDenmarkFinlandFrance
Year of
Membership
Korea, Republic of
Micronesia, Federated States of
SwitzerlandTurkeyUnited KingdomUnited States
Democratic Republic
The NetherlandsNorwayPortugalSpainSweden
GermanyIrelandItaly
Notes: Numbers may not sum precisely because of rounding. For other details, see table on Statement of Subscriptions to Capital Stock and Voting Power (OCR-8) in the Financial Statements of Annual Report 2017. a Subscribed capital refers to a member's subscription to shares of the capital stock of ADB. b The total voting power of each member consists of the sum of its basic votes and proportional votes. The basic votes of each member consist of such number of votes as results from the equal distribution among all members of 20% of the aggregate sum of the basic votes and proportional votes of all members. The number of proportional votes of each member is equal to the number of shares of the capital stock of ADB held by that member.
ANNUAL REPORT 2017 www.adb.org/ar2017 Keywords: membership, capital stock, stock, voting power
Resolutions of the Board of Governors Adopted in 2017
Resolution No. Subject Date Adopted
391 Procedures for the Election of Directors
19 May
390 Place and Date of Fifty-Second Annual Meeting 6 May
389 Financial Statements, Management’s Report on Internal Control over Financial Reporting and Independent Auditor’s Reports
6 May
388 Allocation of Net Income 6 May
387 Allocation of Income from the Transfer of ADF Loans and Certain Other Assets to Ordinary Capital Resources
15 March
ADF = Asian Development Fund.
ANNUAL REPORT 2017 www.adb.org/ar2017 Keywords: resolutions, board of governors
Selected Policy, Strategy, and Financial Papers Discussed by the Board in 2017
Subject Date
Review of the Asian Development Bank's Capital Adequacy Framework (DOC.R8-17 issued 16 February 2017)
Review of the Asian Development Bank`s Loss Reserve and Provisioning Policies
(Issued 16 February 2017) 2017 Annual Evaluation Review: Learning from the Lessons of Project Evaluations
(DOC.Sec.M4-17 issued 21 March 2017) Review of the Asian Development Bank's Allocation of 2016 Net Income
(DOC.R16-17 issued 21 March 2017) Annual Financial Statements (DOC.R18-17 issued 21 March 2017) 2016 Development Effectiveness Review (DOC.Sec.M6-17 issued 22 March 2017) Improving ADB Project Performance through Procurement Reforms
(DOC.R22-17 issued 22 March 2017) Annual Report for 2016 (DOC.R24-17 [and Corrigendum 1 and 2] issued 31 March 2017) Reform of Staff Retirement and Introduction of Defined Contribution Plan
(DOC.R38-17 issued 15 May 2017) Review of the Asian Development Bank's Exposure Limits on Nonsovereign Operations
(DOC.R84-17 [and Corrigendum 1] issued 05 September 2017) Work Program and Budget Framework, 2018–2020 (DOC.Sec.M21-17 [and Corrigendum 1]
issued 29 September 2017) Review of Salary and Benefits for IS, NS and AS Review of ADB's Loan Charges and Allocation of 2017 Net Income Borrowing Program for 2018 2018 Budget of Asian Development Bank
9 March 22 March 11 April 11 April 11 April 12 April 12 April 21 April 5 June 27 September 20 October 5 December 13 December 13 December 15 December
ADBI Three-Year Rolling Work Program and Budget 2018–2020 15 December
ANNUAL REPORT 2017 www.adb.org/ar2017 Keywords: policies, strategies, finance, financial, board
Board of Governors (as of 31 December 2017)
Member Governor Alternate Governor
Afghanistan Eklil Ahmad Hakimi Mohammad Khalid Payenda1 Armenia Vache Gabrielyan Armen Hayrapetyan Australia Scott Morrison MP Kelly O'Dwyer MP Austria Johann Georg Schelling Elisabeth Gruber2 Azerbaijan Samir Sharifov Shahin Mustafayev Bangladesh Abul Maal A. Muhith Kazi Shofiqul Azam Belgium Johan Van Overtveldt Alexander De Croo3 Bhutan Lyonpo Namgay Dorji Nim Dorji Brunei Darussalam Pehin Dato Abdul Rahman Ibrahim Ahmaddin Abdul Rahman4 Cambodia Aun Pornmoniroth Vongsey Vissoth Canada Chrystia Freeland5 (vacant) China, People’s Republic of Xiao Jie Shi Yaobin Cook Islands Mark Brown Garth Henderson Denmark Morten Jespersen Jan Top Christensen6 Fiji Aiyaz Sayed-Khaiyum Ariff Ali7 Finland Elina Kalkku Satu Santala France Bruno Le Maire8 Odile Renaud-Basso Georgia Mamuka Bakhtadze9 Dimitry Kumsishvili10 Germany Hans-Joachim Fuchtel Marianne Kothe Hong Kong, China Paul Chan Mo-po11 Norman Chan India Arun Jaitley Subhash Chandra Garg12 Indonesia Sri Mulyani Indrawati Bambang P.S. Brodjonegoro Ireland Paschal Donohoe13 Paul Ryan Italy Ignazio Visco Gelsomina Vigliotti14 Japan Taro Aso Haruhiko Kuroda Kazakhstan Timur Suleimenov15 Ruslan Bekatayev16
1 Succeeded Mohammad Mustafa Mastoor in August. 2 Succeeded Gunther Schönleitner in March. 3 Succeeded Ronald de Swert in January. 4 Succeeded Nazmi Mohamad in April. 5 Succeeded Stephane Dion in January. 6 Succeeded Christian Dons Christensen in March. 7 Succeeded Barry Whiteside in May. 8 Succeeded Michel Sapin in July. 9 Succeeded Dimitry Kumsishvili in November. 10 Succeeded Giorgi Gakharia in November. 11 Succeeded John Tsang Chun-wah in January. 12 Succeeded Shaktikanta Das in July. 13 Succeeded Michael Noonan in July. 14 Succeeded Filippo Giansante in October. 15 Succeeded Kuandyk Valikhanovich Bishimbayev in January. 16 Succeeded Ruslan Erbolatovich Dalenov in September.
ANNUAL REPORT 2017 www.adb.org/ar2017 Keywords: board of governors, governors, board
CONTINUED
Member Governor Alternate Governor
Kiribati Teuea Toatu Saitofi Mika17 Korea, Republic of Dong Yeon Kim18 Juyeol Lee Kyrgyz Republic Adylbek Aleshovich Kasymaliev Artem Novikov19 Lao People’s Democratic Republic Somdy Douangdy Vathana Dalaloy Luxembourg Pierre Gramegna Arsène Jacoby Malaysia Dato’ Sri Mohd Najib Bin Tun Haji
Abdul Razak Tan Sri Dr. Mohd Irwan Serigar
bin Abdullah Maldives Ahmed Munawar Abdulla Ali Marshall Islands Brenson S. Wase Maybelline A. Bing Micronesia, Federated States of Sihna N. Lawrence Lorin Robert Mongolia Khurelbaatar Chimed20 Nadmid Bayartsaikhan Myanmar Kyaw Win Tun Tun Naing Nauru David Adeang MP Martin Hunt Nepal Gyanendra Bahadur Karki21 Shankar Prasad Adhikari22 The Netherlands S.A.M. (Sigrid) Kaag23 A.C.C. (Christiaan) Rebergen New Zealand Grant Robertson24 Gabriel Makhlouf Norway Marianne Hagen25 Alsak Brun26 Pakistan Mohammad Ishaq Dar Arif Ahmed Khan27 Palau Elbuchel Sadang Casmir Remengesau28 Papua New Guinea Charles Abel29 Dairi Vele Philippines Carlos G. Dominguez III Nestor A. Espenilla, Jr.30 Portugal Mário Centeno Eurico Brilhante Dias31 Samoa Sili Sâlâ Epa Tuioti Lavea Tupa’imatuna lulai Lavea Singapore Heng Swee Keat Tan Ching Yee Solomon Islands Manasseh Damukana Sogavare32 Harry Degruit Kuma Spain Luis de Guindos Jurado Irene Garrido Sri Lanka Mangala Samaraweera33 M I M Rafeek Sweden Ulrika Modéer Magnus Lennartsson Switzerland Raymund Furrer Denise Lüthi Crisan Taipei,China Yu-Jer Sheu Tzung-Ta Yen Tajikistan Davlatali S. Said Nematullo Khikmatullozoda Thailand Apisak Tantivorawong Somchai Sujjapongse Timor-Leste Santina J.R.F. Viegas-Cardoso Helder Lopes
17 Succeeded Tukabu Tauati in December. 18 Succeeded Ilho Yoon in June. 19 Succeeded Arzybek Orozbekovich Kojoshev in August. 20 Succeeded Choijilsuren Battogtokh in October. 21 Succeeded Krishna Bahadur Mahara in June. 22 Succeeded Shanta Raj Subedi in October. 23 Succeeded Lilianne Ploumen in October. 24 Succeeded Steven Joyce in November; Steven Joyce succeeded Bill English in January. 25 Succeeded Tone Skogen in November. 26 Succeeded Henrik Harboe in September. 27 Succeeded Shahid Mahmood in September; Shahid Mahmood succeeded Tariq Mahmood Pasha in July; Tariq Mahmood Pasha replaced Tariq Bajwa in February. 28 Succeeded Rhinehart Silas in January. 29 Succeeded Patrick Pruaitch in August. 30 Succeeded Amando Tetangco in July. 31 Succeeded Jorge Costa Oliveira in August. 32 Succeeded John Maneniaru in December; John Maneniaru succeeded Snyder Rini in October. 33 Succeeded Ravi Karunanayake in May.
CONTINUED
Member Governor Alternate Governor
Tonga Pohiva Tu’l’onetoa34 Pilimilose Balwyn Fa’otusia35 Turkey Osman Ҫelik Raci Kaya36 Turkmenistan Merdan Annadurdyyev Muhammetgeldi Atayev Tuvalu Maatia Toafa Talavai Iona37 United Kingdom Penny Mordaunt MP38 Lord Bates39 United States Andrew Baukol40 (vacant) Uzbekistan Sukhrob R. Kholmuradov41 Azim I. Akhmedkhadjaev42 Vanuatu Gaetan Pikioune Letlet August43 Viet Nam Le Minh Hung Nguyen Thi Hong
34 Succeeded Tevita Lavemaau in September; Tevita Lavemaau succeeded ’Aisake Valu Eke in March. 35 Succeeded Tatafu Moeaki in January. 36 Succeeded Burhanettin Aktas in February. 37 Succeeded Vavau Fatuuga in October; Vavau Fatuuga succeeded Letasi lulai in July. 38 Succeeded Priti Patel in December. 39 Succeeded Rory Stewart in June. 40 Succeeded Jacob J. Lew in January. 41 Succeeded Batir Khodjaev in December. 42 Succeeded Sunnatillo Bekenov in December. 43 Succeeded Tony Amos Sewen in June.
Board of Directors and Voting Groups (January–December 2017)
Director Alternate Director Members Represented Kshatrapati Shivaji
Sharafjon Sheraliev (Replaced by Mahbub Ahmed effective 9 Mar 2017)
Afghanistan, Bangladesh, Bhutan, India, Lao People’s Democratic Republic, Tajikistan, Turkmenistan
Bhimantara Widyajala (Replaced by Syurkani Ishak Kasim effective 1 Jul 2017)
Mario Di Maio
Armenia, Cook Islands, Fiji, Indonesia, Kyrgyz Republic, New Zealand, Samoa, Tonga
Mathew Fox
Scott Dawson
Australia; Azerbaijan; Cambodia; Georgia; Hong Kong, China; Kiribati; Federated States of Micronesia; Nauru; Palau; Solomon Islands; Tuvalu
Mario Sander (Replaced by Helmut Fischer effective 1 Jul 2017)
Philip Rose
Austria, Germany, Luxembourg, Turkey, United Kingdom
Maurizio Ghirga (Replaced by Pierre-Emmanuel Beluche effective 1 Oct 2017)
Johannes Schneider Belgium, France, Italy, Portugal, Spain, Switzerland
Philaslak Yukkasemwong (Replaced by Anuar bin Ariffin effective 1 Nov 2017)
Rokiah Hj Badar (Replaced by Som Lal Subedi effective 16 Jul 2017)
Brunei Darussalam, Malaysia, Myanmar, Nepal, Singapore, Thailand
David Murchison (vacant – since 1 Oct 2017)
Joar Strand Canada, Denmark, Finland, Ireland, The Netherlands, Norway, Sweden
Zhongjing Wang (Replaced by Zhijun Cheng effective 21 Jan 2017)
Wenxing Pan People’s Republic of China
Koichi Hasegawa (Replaced by Takeshi Kurihara effective 18 Jul 2017)
Masashi Tanabe Japan
Muhammad Sami Saeed (effective 1 Jul 2017)
Paul Dominguez (effective 1 Jul 2017)
Kazakhstan, Maldives, Marshall Islands, Mongolia, Pakistan, Philippines, Timor-Leste
Hyoung Kwon Ko (Replaced by In-chang Song effective 26 Sep 2017)
Bobur Khodjaev (effective 25 Sep 2017)
Republic of Korea; Papua New Guinea; Sri Lanka; Taipei,China; Uzbekistan; Vanuatu; Viet Nam
Swati Dandekar (vacant since 2 Jul 2017)
Michael Strauss United States
ANNUAL REPORT 2017 www.adb.org/ar2017 Keywords: voting groups, voting power, board, board of directors
Committees of the Board of Directors (as of 31 December 2017)
Audit Committee (ACB) Muhammad Sami Saeed (Chair) Pierre-Emmanuel Beluche Zhijun Cheng Kshatrapati Shivaji US ED Som Lal Subedi
Budget Review Committee (BRC) Kshatrapati Shivaji (Chair) Helmut Fischer Mathew Fox Takeshi Kurihara Wenxing Pan Michael Strauss
Compliance Review Committee (BCRC) Helmut Fischer (Chair) Anuar bin Ariffin Mahbub Ahmed Paul Dominguez Bobur Khodjaev Joar Strand
Development Effectiveness Committee (DEC) Syurkani Ishak Kasim (Chair) Muhammad Sami Saeed In-chang Song Scott Dawson Philip Rose Masashi Tanabe
Human Resources Committee (HRC) Zhijun Cheng (Chair) Anuar bin Ariffin Canadian ED Takeshi Kurihara Mario di Maio Johannes Schneider
Ethics Committee (ECB) Pierre-Emmanuel Beluche (Chair) Canadian ED Syurkani Ishak Kasim In-chang Song US ED*
* For a quorum, ED Fox will be a member of the Ethics Committee until the US ED commences.
ANNUAL REPORT 2017 www.adb.org/ar2017 Keywords: committees, board of directors, board
ADB Institute Advisory Council 2016–2018 (until September 2018)
Cinnamon Dornsife Senior Advisor, International Development Senior Fellow, Foreign Policy Institute The Paul H. Nitze School of Advanced International Studies Johns Hopkins University
Masahisa Fujita Professor, Konan University Project Professor, Kyoto University
Mohamad Ikhsan Special Advisor to the Vice-President of Indonesia
Pradeep K. Sinha Cabinet Secretary Government of India
Ulrich Volz Head of Department of Economics School of Oriental and African Studies (SOAS), University of London Senior Research Fellow, German Development Institute (DIE)
Yaobin Shi Vice Minister of Finance (and ADB Alternative Governor), People’s Republic of China
Yasuyuki Sawada Chief Economist Economic Research and Regional Cooperation Department Asian Development Bank
ANNUAL REPORT 2017 www.adb.org/ar2017 Keywords: ADB, ADBI, Asian Development Bank Institute
Organizational Structure1
(as of 31 December 2017)
1 To contact ADB Management and senior staff, go to www.adb.org/contacts/management-senior-staff.2 The Compliance Review Panel reports to the Board of Directors.3 The Independent Evaluation Department reports to the Board of Directors through the Development Effectiveness Committee.
AsIAn DEvEloPMEnT BAnk InsTITuTE n. Yoshino, Dean
vICE-PREsIDEnT (operations 1)
W. Zhang
vICE-PREsIDEnT (knowledge Management
and sustainable Development) B. susantono
BAnglADEsh REsIDEnT MIssIon
M. Parkash, Country Director
souTh AsIA DEPARTMEnT h. kim, Director general
nEPAl REsIDEnT MIssIon M. khadmukhanov,
Country Director
sRI lAnkA REsIDEnT MIssIon
s. Widowati, Country Director
InDIA REsIDEnT MIssIon
k. Yokoyama, Country Director
BhuTAn REsIDEnT MIssIon
k. lao-Araya, Country Director
vICE-PREsIDEnT (Private sector and
Cofinancing operations) D. gupta
vICE-PREsIDEnT (Finance and Risk Management)
I. van Wees
vICE-PREsIDEnT (Administration and
Corporate Management) D. stokes
vICE-PREsIDEnT (operations 2)
s. groff
EAsT AsIA DEPARTMEnTI. Bhushan, Director general
PRIvATE sECToR oPERATIons DEPARTMEnT
M. Barrow, Director general
oFFICE oF CoFInAnCIng oPERATIons
k. Preugschat, head
PRC REsIDEnT MIssIon
B. Bingham, Country Director
MongolIA REsIDEnT MIssIon
Y. Fernandez lommen, Country Director
PACIFIC lIAIson AnD CooRDInATIon oFFICE
X. Fan, Regional Director
PACIFIC DEPARTMEnTC. locsin, Director general
TIMoR-lEsTE REsIDEnT MIssIon
P. spantigati, Country Director
PAPuA nEW guInEA REsIDEnT MIssIon
D. hill, Country Director
PACIFIC suBREgIonAl oFFICE
R. Jauncey, Regional Director
oFFICE oF ThE sECRETARY
W. um, The secretary
oFFICE oF ThE gEnERAl CounsEl
C. stephens, general Counsel
oFFICE oF ADMInIsTRATIvE sERvICEs
(staff to join Q1 2018)
ConTRollER’s DEPARTMEnT
C. kim, Controller
TREAsuRY DEPARTMEnT
P. van Peteghem, TreasurersouThEAsT AsIA
DEPARTMEnTR. subramaniam, Director general
CAMBoDIA REsIDEnT MIssIon
s. Tukuafu, Country Director
InDonEsIA REsIDEnT MIssIon
W. Wicklein, Country Director
lAo PDR REsIDEnT MIssIon
Y. negishi, Country Director
MYAnMARREsIDEnT MIssIon
n. sinsiri, Country Director
PhIlIPPInEs CounTRY oFFICE
R. Bolt, Country Director
ThAIlAnD REsIDEnT MIssIon
h. Iwasaki, Country Director
vIET nAM REsIDEnT MIssIon
E. sidgwick, Country Director
oPERATIons sERvICEs AnD FInAnCIAl MAnAgEMEnT
DEPARTMEnT R.Z. Teng, Director general
BuDgET, PERsonnEl, AnD MAnAgEMEnT sYsTEMs
DEPARTMEnT T. oya, Director general
oFFICE oF InFoRMATIon sYsTEMs AnD TEChnologYs. hamid, Principal Director
oFFICE oF AnTICoRRuPTIon AnD InTEgRITY
J. versantvoort, head
oFFICE oF ThE AuDIToR gEnERAl h. ong, Auditor general
oFFICE oF ThE oMBuDsPERson
(staff to join Q1 2018)
susTAInABlE DEvEloPMEnT AnD ClIMATE ChAngE
DEPARTMEnT A. leung, Director general
EConoMIC REsEARCh AnD REgIonAl CooPERATIon
DEPARTMEnT Y. sawada, Chief Economist
and Director general
DEPARTMEnT oF EXTERnAl RElATIons
s. Bindra, Principal Director
oFFICE oF RIsk MAnAgEMEnT (under recruitment)
oFFICE oF ThE sPECIAl PRoJECT
FACIlITAToR W. Evans, special Project Facilitator
oFFICE oF PuBlIC–PRIvATE PARTnERshIP
(staff to join Q1 2018)
sTRATEgY AnD PolICY DEPARTMEnT
T. kimura, Director general
EuRoPEAn REPREsEnTATIvE oFFICE
D. kertzman, Representative
noRTh AMERICAn REPREsEnTATIvE oFFICE B. Edes, Representative
JAPAnEsE REPREsEnTATIvE oFFICE T. Matsuo, Representative
PAkIsTAn REsIDEnT MIssIon
X. Yang, Country Director
uZBEkIsTAn REsIDEnT MIssIon
T. konishi, Country Director
kYRgYZ REPuBlIC REsIDEnT MIssIon
C. McDeigan, Country Director
TuRkMEnIsTAn REsIDEnT MIssIon
C. Denizer, Country Director
kAZAkhsTAn REsIDEnT MIssIon
g. Capannelli, Country Director
TAJIkIsTAn REsIDEnT MIssIon
P. srivastava, Country Director
gEoRgIA REsIDEnT MIssIon
Y. Elhan-kayalar, Country Director
AZERBAIJAn REsIDEnT MIssIon
n. Mannapbekov, Country Director
ARMEnIA REsIDEnT MIssIon
s. Rosenthal, Country Director
AFghAnIsTAn REsIDEnT MIssIon
s. Tumiwa, Country Director
CEnTRAl AnD WEsT AsIA DEPARTMEnT
s. o’sullivan, Director general
PREsIDEnTT. nakao
InDEPEnDEnT EvAluATIon DEPARTMEnT3 M. Taylor-Dormond, Director general
sPECIAl sEnIoR ADvIsoR To ThE PREsIDEnT
A. konishi J. nugent
X.Yao
oFFICE oF ThE CoMPlIAnCE REvIEW PAnEl2 D. Tang, Chair
BoARD oF govERnoRs
BoARD oF DIRECToRs
ANNUAL REPORT 2017www.adb.org/ar2017
Keywords: organizational structure, organization, structure
ItemA. Board of Governors 2,187 1,816 2,417B. Board of Directors 33,225 28,842 33,500
Offices of the Directors 18,502 15,878 17,791Accountability Mechanism 2,638 2,409 2,851Independent Evaluation 12,085 10,554 12,858
C. Operational Expenses 483,927 441,873 502,639 Salaries 251,065 231,897 261,088Benefits 151,189 138,257 158,423 Contribution to Staff Retriement Plan a 55,997 51,919 55,997Staff development 7,500 8,007 8,898Relocation 9,104 8,088 7,170Consultants 29,564 25,477 31,229Business travel 34,925 29,700 35,294Representation 580 446 537
D. Administrative Expenses 129,926 109,406 129,373 Communications 8,477 5,834 9,541Office occupancy 34,549 28,882 33,273Library and subscription 5,794 5,082 6,104Office supplies 1,565 1,358 1,348Equipment, maintenance, and support 11,619 11,765 13,370Contractual services 33,928 29,002 34,300Insurance 7,540 6,362 7,505Depreciation 25,110 20,262 23,106Miscellaneous 1,344 859 826
Total Regular Premiums 649,265 581,937 667,929E. General Contingency 6,493 0 6,679
Gross IAE 655,758 581,937 674,608F. Fee Reimbursements (8,770) (8,717) b (9,000)G. Net IAE 646,988 573,220 665,608
SRP Switch Incentive Scheme … … 6,656H. Net IAE after ESP Swith Incentive Scheme 646,988 573,220 672,264 c
I. Carryover of IAE Budget … 12,940 d …J. Net IAE after Carryover and ESP Switch Incentive Scheme 646,988 586,160 672,264
Sponsor Funded Program 1,025 1,039 1,518
aaaaaa2018
Memo ItemGross Administrative Expenses 655,758 581,937 e 681,264Accounting Adjustments 114,052 52,089 25,062
Accrual for SRP 112,600 79,396 50,939 Accrual for GMIP/PRGMIP 29,260 11,666 11,494 Loan origination cost f (27,808) (36,964) (37,371) Other adjustments g … (2,009) …
Overall Administrative Expenses 769,810 634,026 706,326
Note: Numbers may not sum precisely because of rounding.a
b
c
d
e
f
g Refers to adjustments net of accrued resettlement and repatriation allowances and severance payments, costs for Afghanistan Guest House and Country Director Residence and Public Information Center and other miscellaneous items, and expenses of the Japan Special Fund.
Summary of Internal Administrative Expenses2017 and Budget for 2018($’000)
Budget Actual 2018 Budget2017
2017
Refers to actual gross IAE before adjusting for fee reimbursements.Refers to administrative expenses related to loan origination. Accounting standards requires that a portion of the loan origination costs be deferred and amortized over the life of the loan. ADB defers 20 basis points of the amount of loans that become effective to represent the amount of loan origination costs that need to be deferred.
… = not available or not calculated, ( ) = negative, GMIP = Group Medical insurance Plan, IAE = internal administrative expenses, PRGMIP = post-retirement group medical insurance plan, SRP = staff retirement plan.
Excludes SRP contribution for the Board of Directors. The SRP budget for the Board of Directors is included under the Board of Directors budget category.This amount reflects the estimated total expenses apportioned during the year for administering external funds, excluding Japan funds for which the costs are charged to the funds.Net IAE for 2018 consists of $657.6 million (including $6.7 million for SRP switch incentive scheme) for ADB, $12.9 million for Independent Evaluation Department, and $1.8 million for the Compliance Review Panel and Office of the Compliance Review Panel.The purpose of budget carryover is to ensure funding for urgent, unplanned special initiatives, delayed projects, and the unfinished program of prior year’s activities without distorting the funding for the current year’s regular work program and without placing pressure on the general contingency. ADB carried over $12.9 million to 2018—2.0% of the 2017 net IAE budget. The unspent balance of the budget carryover will lapse at the end of the budget calendar year.
Estimate (A)
Actual (B)
Estimate (C)
ANNUAL REPORT 2017 www.adb.org/ar2017 Keywords: internal administrative expenses, budget, administrative expenses
Remuneration of the Board of Directors and ADB Management
2017 Annual Base Salary of the Board of Directors and ADB Management (in US dollars per annum)
$
President 459,579a,c
Directors 243,942b,c
Alternate Directors 208,570b,c
Vice-Presidents 295,841b,c
a Effective 1 June 2016.b Effective 1 August 2016.c ADB maintained the 2016 salaries of the Board and Vice-Presidents until the next convening of the Remuneration Committee.
1
2
The salaries are denominated in US dollars and are tax-exempt, unless the official's government authorities determine that the income from ADB is subject to taxation. ADB's Directors and Alternate Directors, President, and Vice-Presidents also receive an expatriate benefits package similar to that of ADB's international staff that includes housing subsidy, education assistance, worldwide medical insurance, pension plan, life and disability insurance, and home leave. ADB's President receives a special representation allowance determined by the Board of Governors in accordance with Section 5 of the By-Laws of the Asian Development Bank. The President's special representation allowance for 2017 is $38,836.
The salaries of Directors and Alternate Directors and the President are determined by the Board of Governors, while the salary of the Vice-Presidents is determined by the Board of Directors.1
For 2017, the annual base salaries2 of the President, Directors and their Alternates, and Vice-Presidents are:
ADB's Public Communications Policy requires that ADB make publicly available the annual base salaries of the members of the Board of Directors and Management.
ANNUAL REPORT 2017 www.adb.org/ar2017 Keywords: salaries, board of directors, management, remuneration
Staff Representation of ADB Members(as of 31 December 2017)
National Staff and/orInternational Administrative
Member Management Staff Staff TotalRegional
Afghanistan 0 2 19 21Armenia 0 3 6 9Australia 1 69 8 78Azerbaijan 0 1 8 9Bangladesh 0 5 48 53Bhutan 0 3 2 5Brunei Darussalam 0 1 0 1Cambodia 0 0 29 29China, People’s Republic of 1 63 58 122Cook Islands 0 0 0 0Fiji 0 1 16 17Georgia 0 2 8 10Hong Kong, China 0 8 0 8India 1 80 61 142Indonesia 1 30 31 62Japan 1 143 3 147Kazakhstan 0 7 11 18Kiribati 0 0 0 0Korea, Republic of 0 63 1 64Kyrgyz Republic 0 8 13 21Lao People’s Democratic Republic 0 2 21 23Malaysia 0 19 0 19Maldives 0 0 0 0Marshall Islands 0 1 0 1Micronesia, Federated States of 0 0 0 0Mongolia 0 2 21 23Myanmar 0 2 9 11Nauru 0 0 0 0Nepal 0 13 40 53New Zealand 0 23 0 23Pakistan 0 31 40 71Palau 0 0 0 0Papua New Guinea 0 0 13 13Philippines 0 45 1,381 1,426Samoa 0 1 1 2Singapore 0 14 1 15Solomon Islands 0 0 1 1Sri Lanka 0 12 32 44Taipei,China 0 5 0 5Tajikistan 0 2 15 17Thailand 0 8 10 18Timor-Leste 0 0 7 7Tonga 0 3 2 5Turkmenistan 0 0 4 4Tuvalu 0 1 0 1Uzbekistan 0 11 16 27Vanuatu 0 1 1 2Viet Nam 0 12 50 62 Subtotal 5 697 1,987 2,689
ANNUAL REPORT 2017 www.adb.org/ar2017 Keywords: representation, members
CONTINUED
National Staff and/orInternational Administrative
Member Management Staff Staff TotalNonregional
Austria 0 7 0 7Belgium 0 7 0 7Canada 0 51 0 51Denmark 0 5 0 5Finland 0 4 0 4France 0 37 1 38Germany 0 42 2 44Ireland 0 5 0 5Italy 0 23 0 23Luxembourg 0 1 0 1The Netherlands 1 17 0 18Norway 0 0 0 0Portugal 0 6 0 6Spain 0 22 0 22Sweden 0 5 0 5Switzerland 0 8 0 8Turkey 0 4 0 4United Kingdom 0 56 0 56United States 1 139 1 141 Subtotal 2 439 4 445
TOTAL 7 1,136 1,991 3,134
Number of Authorized Positions in Resident Missionsa (as of 31 December 2017)
International Staff
National Staff
Administrative Staff Total
Resident MissionsI. Operations 1
South AsiaBangladesh 8 21 27 56Bhutan 2 2 4 8India 18 34 33 85Nepal 6 17 18 41Sri Lanka 6 15 16 37
Central and West Asia Afghanistan 8 12 12 32Armenia 3 4 3 10Azerbaijan 3 5 3 11Georgia 5 6 4 15Kazakhstan 3 7 5 15Kyrgyz Republic 2 6 7 15Pakistan 9 20 19 48Tajikistan 2 5 11 18Turkmenistan 1 3 1 5Uzbekistan 5 10 10 25
II. Operations 2East Asia
China, People’s Republic of 17 32 27 76Mongolia 4 11 8 23
Southeast Asia Cambodia 7 14 14 35Indonesia 16 15 15 46Lao People’s Democratic Republic 6 12 12 30Myanmar 10 5 5 20Philippines 6 7 3 16Thailand 12 6 5 23Viet Nam 18 24 23 65
Pacific Pacific Liaison and Coordination Office in Sydney, Australiab 5 8 7 20Pacific Subregional Office in Suva, Fijic 7 10 11 28Papua New Guinea 5 6 9 20Timor-Leste 3 4 3 10Subtotal 197 321 315 833
Representative OfficesEurope 2 1 2 5Japan 2 1 2 5North America 2 1 2 5Subtotald 6 3 6 15
Headquarterse 943 509 962 2,414
TOTAL 1,146 833 1,283 3,262a Includes outposted positions.b Covers Nauru, Solomon Islands, and Vanuatu.
Country
ANNUAL REPORT 2017www.adb.org/ar2017
Keywords: resident mission, staffing, field office
c Covers the Cook Islands, Fiji, Kiribati, Samoa, Tonga, and Tuvalu.d Excludes outposted staff from Treasury Department and Controller’s Department for organizational resilience.
e Excludes Young Professionals and Board of Directors.
Growth in Resident Missions and Authorized Staff Positions at Resident Missions(as of 31 December 2017)
Item 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017Number of resident missions (RMs) 23 23 24 25 26a 26a 28b 29c 29 28a 28 28Total authorized positions at RMs 448 490 520 553 604 662 680 694 708 735 780 833
267 300 321 339 368 409 423 423 437 452 479 518 International staff
d 96 112 119 130 134 141 145 141 151 159 176 197 National staff
d 171 188 202 209 234 268 278 282 286 293 303 321 Administrative staff 181 190 199 214 236 253 257 271 271 283 301 315
Total authorized positions at ADB 2,340 2,381 2,498 2,550 2,800 2,960 3,050 3,062 3,068 3,096 3,148 3,2621,271 1,304 1,378 1,418 1,596 1,761 1,828 1,828 1,834 1,851 1,887 1,979
International staff e 824 836 875 892 982 1,028 1,072 1,072 1,074 1,080 1,098 1,146
National staff 447 468 503 526 614 733 756 756 760 771 789 833 Administrative staff 1,069 1,077 1,120 1,132 1,204 1,199 1,222 1,234 1,234 1,245 1,261 1,283
International staff 11.7 13.4 13.6 14.6 13.6 13.7 13.5 13.2 14.1 14.7 16.0 17.2 National staff 38.3 40.2 40.2 39.7 38.1 36.6 36.8 37.3 37.6 38.0 38.4 38.5 Administrative staff 16.9 17.6 17.8 18.9 19.6 21.1 21.0 22.0 22.0 22.7 23.9 24.6
a
b
c
d
e
25.5
26.2
Number of Resident Missions and Authorized Positions
20.8 21.7 21.6
23.0 23.1 23.1 25.4
22.4 22.3 22.7 23.1 24.823.7
International staff (IS) and national staff (NS) positions at RMs
IS and NS positions at ADB
Percent of authorized positions at RMs to total authorized positions at ADB 19.1 20.6
Excludes Young Professionals and Board of Directors.
23.823.3 23.9 23.1 23.2Percent of IS and NS positions at RMs to total IS and NS positions at ADB 24.421.0
Excludes Turkey Regional Office.Includes Extended Mission to Myanmar and Turkey Regional Office.Includes Bhutan Resident Mission.Includes outposted positions, excludes outposted staff from Treasury Department and Controller's Department for organizational resilience.
ANNUAL REPORT 2017 www.adb.org/ar2017 Keywords: resident mission, staffing, field office