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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. The bank also maintains 31 field offices around the world [ 4 ] to promote social and economic development in Asia.
As of April 2010, ADB was the leading financial institution in agricultural financing in Ghana, responsible for 35% of the total bank industry financing of agriculture. [7] In September 2010, the bank was recognized as Bank Of The Year at the Africa Investor Agribusiness Awards , in Durban , South Africa , the first institution so recognized ...
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.
In July 2016, the NDB signed with Asian Development Bank (ADB) a memorandum of understanding on strategic cooperation. The two institutions expressed willingness to work together through co-financing and knowledge exchanges in areas including sustainable development projects in renewable energy, energy efficiency, clean transportation ...
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]
In May 2015, Asian Development Bank President Takehiko Nakao spoke exclusively to Devex about the merger between the Asian Development Bank and Ordinary Capital Resources. In April 2021, Devex was the first to report UK government budget cuts for the Global Polio Eradication Initiative (GPEI) by 95%, from £100m to £5m, as well as funding cuts ...
The loan for the civil works of PNR Calamba, worth ₱227 billion (US$4.3 billion), was approved by the ADB on June 9, 2022. [81] The loan agreement was signed by President Rodrigo Duterte and ADB on June 16. [82] Two more loan agreements were signed on February 9, 2023, during the working visit of President Bongbong Marcos in Japan. [83]
For Pakistani cities, the Asian Development Bank (ADB) indicates continuity rates of 1 to 10 hours , 11 to 15 hours and 16 to 23 hours per day. [ 27 ] [ 28 ] During a 2005 workshop, similar figures were reported except for Rawalpindi for which a shorter duration of only 8 hours was reported (see Table 3). [ 29 ]