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.
ADB was established in 1965, by the Act of Parliament (Act 286) as the Agricultural Credit and Cooperative Bank. This is to meet the banking needs of the Ghanaian agricultural sector in a profitable manner. The Bank started operations from a building on Tunisia Road, West Ridge - Accra.
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]
African Development Bank (also AfDB), a multilateral development finance institution; Agricultural Development Bank (disambiguation), several financial institutions: Agricultural Development Bank of Ghana; Agricultural Development Bank of Pakistan; Agricultural Development Bank of Trinidad and Tobago; Asian Development Bank, a regional ...
The bank was able to return to its original headquarters in Abidjan in late 2013 once the political crisis was over. [1] [2] By June 2015, over 1,500 staff had returned to the bank's Abidjan headquarters out of the more than 1,900 total staff the bank. [11] Since its founding, AfDB has financed 2,885 operations, for a total of $47.5 billion.
The World Bank, IMF, and Asian Development bank have all cooperated with the AIIB as a compliment to the Bretton Woods institutions and which further increases overall capacity for development funds. [83] Economist C. Fred Bergsten describes the AIIB as "helping meet a clear need for more infrastructure funding throughout Asia (and elsewhere)."
A Multilateral Development Bank (MDB) is a development bank, created by a group of countries, that provides financing, technical assistance and professional advice to enhance development. An MDB has many members, including developed donor countries and developing borrower countries.
The Agricultural Development Bank of Trinidad and Tobago is a development finance institution which provides financial services to the agricultural sector of Trinidad and Tobago and the Caribbean. The bank was founded in 1968 by the government of Trinidad and Tobago to replace the colonial-era Agricultural Credit Bank that preceded it.