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ADB is a multilateral development finance institution dedicated to reducing poverty in Asia and the Pacific. ...
ADB Profile
Functions
The Asian Development Bank
· extends loans and equity investments to its developing member countries (DMCs) for their economic and social development,
· provides technical assistance for the planning and execution of development projects and programs and for advisory services,
· promotes and facilitates investment of public and private capital for development, and
· responds to requests for assistance in coordinating development policies and plans of its developing member countries.
Shareholders and Management
Just like any other bank, ADB has shareholders. ... The ADB President is elected by the Board of Governors and is the chairperson of the Board of Directors.
ADB Operations
ADBs development work is aimed at improving the welfare of the people of Asia and the Pacific, especially of the 900 million poor living on less than a dollar a day.
Within months of adopting its poverty reduction strategy in 1999, ADB began focusing its work toward eliminating poverty in the region. ...
Sectors
ADBs operations are diverse, covering
· agriculture and natural resources
· energy
· finance
· industry and nonfuel minerals
· social infrastructure, transport, and communications
· activities involving multiple sectors
Development Tools
ADB lends to governments and to public and private enterprises in its developing member countries.
Approximate Word count = 989
Approximate Pages = 4
(250 words per page double spaced)
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