Asian Development Bank

AAA

DEFINITION of 'Asian Development Bank'

Founded in 1966, its headquarters are in Manila, Philippines. The Asian Development Bank's primary mission is to foster growth and cooperation among countries in the Asia-Pacific Region. It has been responsible for a number of major projects in the region, raising capital through the international bond markets.

INVESTOPEDIA EXPLAINS 'Asian Development Bank'

The two largest shareholders of the Asian Development Bank are the United States and Japan. Although the majority of the Bank's members are from the Asia-Pacific region, the industrialized nations are also well represented. Regional development banks usually work in harmony with both the International Monetary Fund and the World Bank in their activities.

RELATED TERMS
  1. International Monetary Fund - IMF

    An international organization created for the purpose of: 1. ...
  2. Globalization

    The tendency of investment funds and businesses to move beyond ...
  3. The World Bank

    An international organization dedicated to providing financing, ...
  4. Multilateral Development Bank - ...

    A financial institution that provides financing for national ...
  5. Asian Currency Unit - ACU

    A proposed basket of Asian currencies, similar to the European ...
  6. TIMP (acronym)

    'TIMP' is an acronym that stands for 'Turkey, Indonesia, ...
Related Articles
  1. Globalization: Progress Or Profiteering?
    Economics

    Globalization: Progress Or Profiteering?

  2. What Is The World Bank?
    Insurance

    What Is The World Bank?

  3. An Introduction To The International ...
    Fundamental Analysis

    An Introduction To The International ...

  4. How The Patriot Act Works & Why Is It ...
    Investing News

    How The Patriot Act Works & Why Is It ...

Hot Definitions
  1. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  2. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  3. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  4. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
  5. Call Risk

    The risk, faced by a holder of a callable bond, that a bond issuer will take advantage of the callable bond feature and redeem ...
  6. Parity Price

    When the price of an asset is directly linked to another price. Examples of parity price are: 1. Convertibles - the price ...
Trading Center