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The initiative began as a series of bilateral swap arrangements after the ASEAN Plus Three countries met on 6 May 2000 in Chiang Mai, Thailand, at an annual meeting of the Asian Development Bank. After 1997 Asian Financial Crisis , member countries started this initiative to manage regional short-term liquidity problems and to avoid relying on ...
The Asian Development Bank (ADB) is a regional development bank to promote social and economic development in Asia. The bank is headquartered in Metro Manila, Philippines and maintains 31 field offices around the world [3] [4]
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.
As of June 2020, SASEC countries have implemented 61 [2] regional projects worth over $13 billion in the energy, transport, trade facilitation, economic corridor development, and information and communications technology (ICT) sectors. The Manila, Philippines-based Asian Development Bank (ADB) serves as the Secretariat for the SASEC member ...
The ADBI is on the eighth floor of the Kasumigaseki Building in Tokyo.. The Asian Development Bank Institute (ADBI) is an Asian think tank focused on identifying effective development strategies for Asia and the Pacific, and on providing support to ADB member countries in managing development challenges.
The 15th five-year plan is a set of goals for the economic development of China. The plan covers the years from 2026 to 2030. A preliminary study for the plan by the National Development and Reform Commission took place on 17 and 18 December 2023. [1] It will be informed by the results of the fifth economic census.
The Asian Development Outlook is an annual publication (available online and in print) produced by the Asian Development Bank (ADB). It offers economic analysis and forecasts, as well as an examination of social development issues, for most countries in Asia. [ 1 ]
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)."