Download - Asian Development Bank ADB
Presented byMd.Muklisur Rahman
Rubel
Shahjalal University of Science and Technology, Sylhet,
Bangladesh
Presentation OutlineHistorical background of ADBBasic information about ADBMembersDominated country of ADBVoting power distributionObjectivesVision & missionFunctions of ADBDivision and types of projectStructure of ADBBoard of governors: PowersBoard of directors: PowersWorking procedures of Board of directors PresidentCriticism
Historical Background of ADB
Idea
December 1963.
Consultative committee
Solomon Bandaranaike
1959
Formally broached FMCAEC
mid -1965 Draft charter of the ADB
November 1965
SMCAECadopted several resolution
Until 31 January 1966
Signature period
Agreement of Establishing the ADB
About ADB
The ADB is a Multilateral Development Bank (MDB).Motto: fighting poverty in Asia and the Pacific.Formation: 22 August 1966.Type: Regional organization.Legal Status: Treaty.Purpose/focus: Crediting.Headquarters: Mandaluyong city, Metro Manila, Philippines.Region served: Asia-Pacific.Membership: 67 Countries.President: Haruhiko Kuroda.Main organ: Board of Directors.Staff: 2500+.
Members: Establish with 31 members.
At present 67 members. 48 are from within Asia and the Pacific. 19 from outside. Bangladesh signed ADB in 1973 after the liberation war.
The main objectives of ADB are as follows:-To foster economic growth.-To cooperate member countries.-To accelerate the process of economic development.-To make Asia and Pacific free from poverty.
• Objectives:
Vision & Mission of ADB
• Vision • Mission• An Asia and
Pacific region free of poverty
• To help our developing member countries reduce poverty, and improve living conditions and quality of life
ADB’s principal functions - Lending funds.-Advisory services.- Promoting investments for development purposes.- Assisting in coordinating DMCs’ development policies and plans.-Provides loans for the economics and social development.-Help MC’s in coordinating their development policies and plans.-Provide financial and technical assistance to member countries for environmental protection. -Act as financial intermediary by transferring resources from global capital markets to developing countries.-Support public resource mobilization and management to member countries.
Division and Types of projectsDivision Types of projects
Infrastructure Roads; hydropower plants; power transmission facilities
Agriculture, Environment, and Natural Resources
Irrigation; agriculture, livestock and fisheries for export
Social Sectors Health and education projects
Governance, Finance and Trade
Financial sector reforms promoting greater market liberalization
Structure of ADB Board of Governors
Board of Directors
President
•Evaluation•Compliance Review
Managing Director General
•Strategy & Policy
•Regional Economic
Integration•SpecialProject
Facilitator•Risk
Management•ExternalRelations
•Audit
Vice PresidentKnowledge
Management
•Regional&SustainableDevelopment•Economic &Research•Cofinance
Vice President
Operation 1
•South Asia•Central &West Asia•PrivateSector
Vice PresidentOperation 2
•SoutheastAsia•Pacific•CentralOperationsService
Vice PresidentFinance
Administration
•Secretary•GeneralCounsel•Budget
PersonnelManagement
System•Administration
Service•Controller•Treasury
•IT
Power of board of governorsAdmission of new members and the conditions of such admissionIncrease /Decrease of the Bank’s authorized capitalSuspension of a membershipDecision of any appeal against the decision of Board of Directors regarding interpretation of the CharterFinal decision of any agreement with other international institutionsElection of the President and Directors of the BankDetermination of remuneration/salary and other terms of contract of services of the President, Directors and the alternatesReview and approval of the audit report, balance sheet, and profit/loss of the Bank.Determination of reserves and net profit distributionAmendment of this Charter
Powers of the Board of Directors
Preparation of the working paper for the Board of GovernorsMaking decisions in accordance with the guide lines of the Board of Governors regarding loans,assistance and other functions of the bank.Submission of yearly accounts to the Board of Governors for approval in each AGMApproval of the annual budget of the Bank
Working Procedure of the Board of Directors
The Board of Directors normally carries out its duties staying at the head quarters and meets time to time as demanded by normal activities of the Bank.
A majority of members, at least two third of the total voters, fulfills the quorum for a meeting of the Board.The Board of Governors may approve a regulation to allow a member for sending a representative to the meeting of the Board of Directors who has no representation in the board. Such representative won’t have voting power.
The President
Elected by the Board of GovernorsTerm is five years.As a President takes up his/her office, can’t remain a governor or a Director or an alternate of any of them.After completion of term a President may be re-elected.The President is the Chairperson of the Board of Directors without any voting power except deciding vote.From legal point of view the President represents the Bank.
CriticismThey suggest some rules and regulation for expend money.It interferes in the policy of subscriber’s country.The voting power of ADB is share based.It affects the internal system of subscriber’s country.It serves the purpose of capitalism.ADB plays a dominating role in developing countries like Bangladesh.In most cases it is similar to IMF and World Bank. It follows the systems of World Bank to provide lone.The ADB President has always been from Japan.Representation in the board determined by the financial contribution to the ADB.