Search results
Results From The WOW.Com Content Network
The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, [3] which is headquartered in 6 ADB Avenue, Mandaluyong, Metro Manila 1550, Philippines. The bank also maintains 31 field offices around the world [ 4 ] to promote social and economic development in Asia.
Masatsugu Asakawa (浅川 雅嗣, Asakawa Masatsugu, born 25 January 1958), a Japanese civil servant, is the president of the Asian Development Bank (ADB). Asakawa, who took office on 17 January 2020, is the 10th president of ADB. [1]
SAARC endorsed SAGQ in 1997. The initial four member countries then requested ADB assistance to promote economic cooperation in the subregion, leading to the creation of the SASEC Program in 2001. Maldives and Sri Lanka were welcomed as new member countries in May 2014. Myanmar became the seventh member of SASEC in February 2017. [7]
The payment of the amount initially subscribed by each founding member to the paid-in capital stock of the bank will be made in dollars in 7 installments. [1] Each member cannot increase its share of capital without all other four members agreeing. The bank will allow new members to join but the BRICS capital share cannot fall below 55%. [30]
According to the ADB, the Philippines has heavily relied on the ADB for development assistance, borrowing a total of $19.3 billion in the last decade. [2] [failed verification] The Philippines has been commended by the ADB for being a fast-growing economy despite increasing inflation and a plummeting global economy. [3]
Jin Liqun (Chinese: 金立群; born August 1949) is a Chinese banker who has been serving as the president of the Asian Infrastructure Investment Bank since 2016. Previously, he served as secretary general of the AIIB Interim Multilateral Secretariat from 2014 to 2016, chairman of China International Capital Corporation from 2013 to 2014, chairman of the supervisory board of China Investment ...
Member of the Flemish Parliament; In office 2009–2010 2014–2022: Member of the Belgian Parliament (Chamber of Representatives) In office 2004–2007 2010–2014: Chairwoman of SP.A; In office 21 October 2007 – 18 September 2011: Preceded by: Johan Vande Lanotte: Succeeded by: Bruno Tobback: Schepen for education, youth, employment and ...
Chin is also a member of the international advisory council of the Battery Dance Company of New York, a leader in U.S. cultural diplomacy and engagement, and of the advisory board of Ma-Yi Theater Company, also of New York, a leading producer and incubator of innovative new works by Asian-American writers.