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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. [4] The bank also maintains 31 field offices around the world [ 5 ] to promote social and economic development in Asia.
The Central Asia Regional Economic Cooperation (CAREC) Program is a program established in 1997 by the Asian Development Bank (ADB) to encourage economic cooperation among countries in Central Asia and nearby parts of Transcaucasia and South Asia.
ADB has provided $6.35 billion in loans and grants to the SASEC countries for regional programming initiatives. Member countries have contributed more than $4.7 billion worth of investments. Projects include hard and soft infrastructure priorities, identified by the SASEC governments. SASEC follows a flexible, multi-track approach to project ...
In May 1996, at the twenty-ninth annual meeting of the Asian Development Bank (ADB), the Government of Japan offered to cover the cost of operating and establishing the ADB Institute to address the needs for strengthening the capacity of public and other developmental institutions in developing member countries (DMCs).
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. MDBs finance projects through long-term loans at market rates ...
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]
Organisations grouping almost all the countries in their respective continents. Note that Cuba is a suspended member of the Organization of American States (OAS). Several smaller regional organizations with non-overlapping memberships. Several non-overlapping large alliances. Softer colors indicate observer/associate or candidate countries.
The region is home to more than 300 million people. It came into being with the launch of a development program in 1992 by the Asian Development Bank that brought together the six Asian countries of Cambodia, China (specifically Yunnan Province and the Guangxi Zhuang Autonomous Region), Laos, Myanmar (Burma), Thailand, and Vietnam. [1]