Despite the ambiguity surrounding as to who first conceptualized the idea of a multilateral financial institution for Asia, many factors prevailing during postwar global politics, reconstruction led by Bretton Wood institutions, establishment of regional Inter-American Development Bank (IDB) for Latin America and Caribbean in Washington, rise of nationalism of independent countries, and nation-building and spirit of increasing regionalism are behind the foundation of the Asian Development Bank (ADB). In 1963, a resolution was passed at the first Ministerial Conference on Asian Economic Cooperation held by the then governance Economic Commission for Asia and the Far East (presently United Nations Economic and Social Commission for Asia and the Pacific) (see chapter “Economic Commission for Asia and the Far East”) which culminated in establishment of the ADB in 1966 as a developmental financial institution at Manila, Philippines (McCawley 2016). The purpose of the Bank then was spelled...
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References
ADB. (1965). Agreement establishing the Asian Development Bank. https://www.adb.org/sites/default/files/institutional-document/32120/charter.pdf
ADB. (2006). Special evaluation study on involuntary resettlement safeguards. https://www.adb.org/sites/default/files/evaluation-document/35442/files/sst-reg-2006-14.pdf
ADB. (2008). Strategy 2020: The long-term strategic framework of the Asian Development Bank 2008–2020. https://www.adb.org/sites/default/files/institutional-document/32121/strategy2020-print.pdf
ADB. (2018a). Strategy 2030- achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific. https://www.adb.org/sites/default/files/institutional-document/435391/strategy-2030-main-document.pdf
ADB. (2018b). Annual report-2017. https://www.adb.org/documents/adb-annual-report-2017
McCawley, P. (2016). Banking on the future of Asia and the Pacific: 50 years of the Asian Development Bank. Manila: ADB.
Further Reading
BIC/Forum on ADB. (2006). Unpacking ADB. Washington, DC: Bank Information Center.
Chalkley, A. (1977). Asian development bank: A decade of progress. Manila: ADB.
Erquiaga, P. (2016). A history of financial management at the Asian Development Bank: Engineering financial innovation and impact on an emerging Asia. Manila: ADB.
For Civil Society perspectives on the ADB, visit NGO Forum on ADB, Manila. https://www.forum-adb.org
NGO Forum on ADB. (2012). Is ADB accountable? Evaluating accountability mechanism. Manila: Forum.
Wilson, D. (1987). A bank for half the world: The story of the Asian Development Bank, 1966–1986. Manila: ADB.
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Roul, A. (2019). Asian Development Bank (ADB). In: Romaniuk, S., Thapa, M., Marton, P. (eds) The Palgrave Encyclopedia of Global Security Studies. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-74336-3_312-1
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