Asian Development Bank - Career, News & History of ADB Bank

Today we are going to discuss about ADB(Asian development Bank). Asian Development Bank is a regional development bank which primarily work for Asian countries. Lets know more about Banking career, stakeholders, member countries.

ADB Stakeholders:

15.7% Japan - Major stakeholder in ADB
15.6% USA
6.5% China
6.4% India
Australia holds 5.8%.

ADB President:

Takehiko Nakao is the current president of Asian development bank. Takehiko Nakao is a Japanese civil servent who Joined Finance Ministry of Japan in 1978.

ADB Member Countries:

 Initially there were 31 members which extended to 67 members with time. These 67 member countries belong to different regions,  48 are from within Asia and the Pacific and 19 outside. Most of these are developing nations. The Headquarters of Asian development bank is situated at Mandaluyong, Metro Manila, Philippines. Meetings of the Board of Governors, the Board of Directors or any of their Committees or sub-groups or any other meeting convened by the Bank may be held at headquarters.

Regional members
Members	Year of membership
Afghanistan	1966
Armenia	2005
Australia	1966
Azerbaijan	1999
Bangladesh	1973
Bhutan	1982
Brunei Darussalam	2006
Cambodia	1966
China, People's Republic of	1986
Cook Islands	1976
Fiji	1970
Georgia	2007
Hong Kong, China	1969
India	1966
Indonesia	1966
Japan	1966
Kazakhstan	1994
Kiribati	1974
Korea, Republic of	1966
Kyrgyz Republic	1994
Lao PDR	1966
Malaysia	1966
Maldives	1978
Marshall Islands	1990
Micronesia, Federated States of	1990
Mongolia	1991
Myanmar	1973
Nauru	1991
Nepal	1966
New Zealand	1966
Pakistan	1966
Palau	2003
Papua New Guinea	1971
Philippines	1966
Samoa	1966
Singapore	1966
Solomon Islands	1973
Sri Lanka	1966
Taipei,China	1966
Tajikistan	1998
Thailand	1966
Timor-Leste	2002
Tonga	1972
Turkmenistan	2000
Tuvalu	1993
Uzbekistan	1995
Vanuatu	1981
Viet Nam	1966

 Non Regional Member countries of ADM:

Members	Year of membership
Austria	1966
Belgium	1966
Canada	1966
Denmark	1966
Finland	1966
France	1970
Germany	1966
Ireland	2006
Italy	1966
Luxembourg	2003
The Netherlands	1966
Norway	1966
Portugal	2002
Spain	1986
Sweden	1966
Switzerland	1967
Turkey	1991
United Kingdom	1966
United States	1966

Asian development Bank Latest News:

•  Takehiko Nakao has been reelected as president of Asian development bank for another 5 years. He is unanimously re-elected by Board of Governors as President of ADB for a further 5 years beginning on 24 November 2016.
  
  In his first term, he was elected as President by the Board of Governors on 28 April 2013 for 3 and a half years. He completed this remaining term of previous ADB president Haruhiko Kuroda.
  
•  Asian Development Bank President Takehiko Nakao met with the President of Palau, Tommy E. Remengesau, Jr. and the Minister for Finance and ADB Governor, Elbuchel Sadang, to discuss assistance required to solve infrastructure problem in the country.

 

Asian Development Bank Career Opportunity:

ADB hires highly qualified, experienced, dedicated, and motivated staff with a varied mix of operational and technical skills.

Currently there is a staff of 2997 employees in ADB. Unlike Bank recruitment exams the selection is based on interviews. The appointment is for fixed term of 3 years which may be extended or converted to regular employment given satisfactory performance and the continued need for particular skills.

Based on ADB's current operational needs intership programs are offered for graduate students.

Apply Here for ADB