The Asian Development Bank
Where is ADB headquartered? Take the Rediff Business Quiz and see how much you know about the Asian Development Bank.
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1. Where is ADB headquartered? a) Tokyo, Japan b) Manila, Philippines c) Beijing, China
Wrong! Try again..
Wrong! The correct answer is Manila, Philippines. Established in 1966, the Asian Development Bank is a multilateral development finance institution. ADB is 'dedicated to reducing poverty in Asia and the Pacific regions.' On November 30, 1965, delegates of the United Nation's Economic Commission for Asia and the Far East voted Manila (the Philippines) to house the ADB headquarters. ADB has more than 2,000 employees from nearly 50 countries. As per the latest figures, there were 57 professional staff members from India at ADB (6.42% of the total professional staff), including 11 senior staff members.
Correct! Established in 1966, the Asian Development Bank is a multilateral development finance institution. ADB is 'dedicated to reducing poverty in Asia and the Pacific regions.' On November 30, 1965, delegates of the United Nation's Economic Commission for Asia and the Far East voted Manila (the Philippines) to house the ADB headquarters. ADB has more than 2,000 employees from nearly 50 countries. As per the latest figures, there were 57 professional staff members from India at ADB (6.42% of the total professional staff), including 11 senior staff members.
2. How many countries are currently members of ADB? a) 63 b) 55 c) 75
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Wrong! The correct answer is 63. ADB is owned by 63 members: 45 from Asia and the Pacific and 18 from other parts of the world. When it was formed, ADB had 31 members. The largest borrower in 2003 was India at $1.532 billion (25% of the total), followed by China $1.488 billion (24%), Pakistan $871 million (14%), Bangladesh $532 million (9%), and Sri Lanka $275 million (5%).
Correct! ADB is owned by 63 members: 45 from Asia and the Pacific and 18 from other parts of the world. When it was formed, ADB had 31 members. The largest borrower in 2003 was India at $1.532 billion (25% of the total), followed by China $1.488 billion (24%), Pakistan $871 million (14%), Bangladesh $532 million (9%), and Sri Lanka $275 million (5%).
3. Which country is the latest member of ADB? a) Timor-Leste b) Palau c) Turkmenistan
Wrong! Try again..
Wrong! The correct answer is Palau. In December 2003, Palau has become the 63rd member of the Asian Development Bank. Palau has subscribed to 114 shares of the ADB's capital stock. ADB's authorised capital stock is 3,499,171 shares equivalent to $51.3 billion. While Timor-Leste became a member country of ADB on July 23, 2002, Turkmenistan joined ADB in 2000.
Correct! In December 2003, Palau has become the 63rd member of the Asian Development Bank. Palau has subscribed to 114 shares of the ADB's capital stock. ADB's authorised capital stock is 3,499,171 shares equivalent to $51.3 billion. While Timor-Leste became a member country of ADB on July 23, 2002, Turkmenistan joined ADB in 2000.
4. The United States is one of the largest shareholders in ADB. Which Asian country has the biggest stake in the bank? a) China b) Japan c) The Philippines
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Wrong! The correct answer is Japan. Japan -- one of ADB's 31 founding members-- is one of the two largest shareholders in ADB; the other is the United States. Japan has 552,210 shares (15.78% of total shares) in ADB. The US also holds similar stake in ADB. Overall, China is the third largest shareholder (after the US and Japan), having 228,000 shares (6.516% of total shares). India is the fourth largest shareholder in ADB, holding 224,010 shares (6.402% of total shares).
Correct! Japan -- one of ADB's 31 founding members-- is one of the two largest shareholders in ADB; the other is the United States. Japan has 552,210 shares (15.78% of total shares) in ADB. The US also holds similar stake in ADB. Overall, China is the third largest shareholder (after the US and Japan), having 228,000 shares (6.516% of total shares). India is the fourth largest shareholder in ADB, holding 224,010 shares (6.402% of total shares).
5. Who is the president of ADB? a) Tadao Chino b) Takeshi Watanabe c) Masao Fujioka
Wrong! Try again..
Wrong! The correct answer is Tadao Chino. Tadao Chino is the president of the Asian Development Bank and the chairperson of ADB's board of directors. He was elected as president on January 16, 1999 and was re-elected in September 2001 for a new five-year term. Japan's Takeshi Watanabe is the first president (November 24, 1966 to November 24, 1972) of ADB.
Correct! Tadao Chino is the president of the Asian Development Bank and the chairperson of ADB's board of directors. He was elected as president on January 16, 1999 and was re-elected in September 2001 for a new five-year term. Japan's Takeshi Watanabe is the first president (November 24, 1966 to November 24, 1972) of ADB.
