Category: Banks. Country: Nauru.
The Asian Development Bank (ADB) is a multilateral development finance institution owned by 63 members, 45 from Asia and the Pacific and 18 from other parts of the globe. The overarching goal of ADB is to reduce poverty. To achieve this, ADB supports activities in its developing member countries to promote pro-poor economic growth, inclusive social development, and good governance. Under its Long-Term Strategic Framework (2001-2015), ADB takes into account in its activities three crosscutting themes: private sector development, regional cooperation, and environmental sustainability. ADB’s principal tools are loans, guarantees, and technical assistance, which it mainly provides to governments for specific projects and programs. ADB’s lending volume in 2004 was US$5.3 billion. Technical assistance, which is used for preparing and implementing projects, supporting advisory activities, and undertaking regional activities, amounted to US$196.6 million. ADB-administered grants totaled US$99.4 million. ADB was established in 1966. Nauru joined ADB in 1991. ADB’s headquarters is in Manila. It has 26 offices around the world. ADB’s staff consists of more than 2,000 employees from over 50 countries.
Address: 6 ADB Avenue, Mandaluyong City 1550, Phone: 63 2 632 4444 Fax: 63 2 636 2444
