The Asian Development Bank admits the members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP, formerly the Economic Commission for Asia and the Far East or ECAFE) and non-regional developed countries. The President of the Asian Development Bank is elected by the Board of Governors and holds a term of office. One of the most active sub-sectors of finance is the PSOD's support for trade finance. Contact numbers/Trunk lines:8734-74-20 | 8734-59-66 Local 134. And I am glad that the non-regional members of the ADB, representing the developed West, are also taking part in this undertaking, ready to share with Asia the experience and the capacities that are the sources of their own development. History of ADB. At the time, Asia was one of the poorest regions in the world. In the third poll, Tokyo gained eight votes to Manila's nine, with one abstention. Countries in central and west Asia have endorsed three new cross-border cooperation initiatives to help accelerate the regions recovery from the COVID-19 pandemic, improve food security, and boost the development of clean energy. Asian Development Bank was established on 19th December 1966, and it had 31 members at first. In contrast, the United States contributed only $1.25 million to the special fund. That such can already be done in the worlds vastest and least homogenousregion, compliments the maturity and open-mindedness of the Asian nations. Interview with Takehiko Nakao, president, Asian Development Bank - YouTube ADB President Masatsugu Asakawa reiterated the banks commitment to strengthening its partnership with Armenia in a virtual meeting with Deputy Prime Minister of Armenia Mher Grigoryan. The Asian Development Bank is an important topic for both the Prelims and Mains. The 68 members of the Asian Development Bank comprise both, the regional members, as well as the non-regional members. [18], In 2020, ADB gave a $2 million grant from the Asia Pacific Disaster Response Fund, to support the Armenian government in the fight against the spread of COVID-19 pandemic.
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