Asian Development Bank at a Glance (May 2016)
... is to help its developing member countries reduce poverty and improve the quality of life of their people. Despite the region’s many successes, it remains home to half of the world’s extreme poor. ADB is committed to reducing poverty through inclusive economic growth, environmentally sustainable gro ...
... is to help its developing member countries reduce poverty and improve the quality of life of their people. Despite the region’s many successes, it remains home to half of the world’s extreme poor. ADB is committed to reducing poverty through inclusive economic growth, environmentally sustainable gro ...
Project Accounting, Financial Reporting, and Auditing
... The management letter is provided in accordance with the requirements of International Standard on Auditing 265 (Communicating Deficiencies in Internal Control to Those Charged with Governance and Management). In cases where the legal agreements provide for retroactive financing, the submission of t ...
... The management letter is provided in accordance with the requirements of International Standard on Auditing 265 (Communicating Deficiencies in Internal Control to Those Charged with Governance and Management). In cases where the legal agreements provide for retroactive financing, the submission of t ...
Asian Development Bank
The Asian Development Bank (ADB) is a regional development bank established on 22 August 1966 which is headquartered in Metro Manila, Philippines, to facilitate economic development in Asia. The 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. From 31 members at its establishment, ADB now has 67 members, of which 48 are from within Asia and the Pacific and 19 outside. The ADB was modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members' capital subscriptions. Since 2014, ADB releases annual report of Creative Productivity Index and comparatively includes Finland and United States for the list of Asia-Pacific members.At the end of 2013, Japan holds the largest proportion of shares at 15.67%. The United States holds 15.56%, China holds 6.47%, India holds 6.36%, and Australia holds 5.81%.
