ADB - Political EnvironmentADB - Political Environment
The Asian Development Bank (ADB) enjoys an AAA rating in international and domestic capital markets and possesses strong support from its 67 shareholding member countries (https://www.adb.org/about/members) (22 are donor members; 45 are active borrowers).
ADB member countries are allocated votes based on their capital subscription at the time of membership and for additional capital subscriptions. As of December 2017, the U.S. and Japan each hold the largest shareholdings of 15.6% of total shares and voting power of 12.8% of total membership.
The Agreement Establishing the ADB (the ADB Charter) vests all powers in the Board of Governors (https://www.adb.org/about/board-governors), the bank’s highest policy-making body composed of Finance Ministers or Secretaries of each member country. The Board of Governors formally meets once a year during the ADB's Annual Meeting. The incumbent U.S. Governor for the ADB is Secretary Steven T. Mnuchin of the U.S. Department of Treasury.
The Board of Governors elects the 12 country representatives to the Board of Directors (https://www.adb.org/about/board-directors) to which it delegates some of its powers. Each member of the Board performs full-time duties at the ADB headquarters in Manila. Board members direct general ADB operations, including ADB policy governance, approving ADB projects, and overseeing the bank’s operating budget. The U.S. Executive Director at ADB is a presidential appointee who carries the rank of ambassador. As the U.S. Executive Director position is currently vacant, the United States is represented by Alternate Executive Director Jason Chung.
The current ADB President, Takehiko Nakao, chairs the Board and heads the management team composed of six Vice-Presidents. The management team supervises the work of ADB's operational, administrative, and knowledge departments.
As of 31 December 2017, ADB has 3,134 staff of which 141 are American (4.5% of total ADB staff).
The U.S. government collaborates with ADB primarily through the U.S. Department of Treasury. The U.S. Department of Commerce also has statutory obligation to support businesses at the Bank. Many other U.S. government agencies also work with the Bank.
ADB maintains strategic partnerships with the United Nations, other multilateral development banks (e.g., the World Bank, the Asian Infrastructure Investment Bank, the European Bank for Reconstruction and Development, and the Inter-American Development Bank), and numerous other international organizations.
To help guide its mission in the coming decades, ADB is preparing a new strategy, Strategy 2030, which will outline the bank’s vision and key directions for engagement with its developing member countries.
For background information on the political and economic environment of your country of interest, please read U.S. Department of State Background Notes (https://www.state.gov/r/pa/ei/bgn/2698.htm).”
To locate your country link, click on the Background Notes at http://www.State.gov/r/pa/ei/bgn/ and select your country Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
ADB member countries are allocated votes based on their capital subscription at the time of membership and for additional capital subscriptions. As of December 2017, the U.S. and Japan each hold the largest shareholdings of 15.6% of total shares and voting power of 12.8% of total membership.
The Agreement Establishing the ADB (the ADB Charter) vests all powers in the Board of Governors (https://www.adb.org/about/board-governors), the bank’s highest policy-making body composed of Finance Ministers or Secretaries of each member country. The Board of Governors formally meets once a year during the ADB's Annual Meeting. The incumbent U.S. Governor for the ADB is Secretary Steven T. Mnuchin of the U.S. Department of Treasury.
The Board of Governors elects the 12 country representatives to the Board of Directors (https://www.adb.org/about/board-directors) to which it delegates some of its powers. Each member of the Board performs full-time duties at the ADB headquarters in Manila. Board members direct general ADB operations, including ADB policy governance, approving ADB projects, and overseeing the bank’s operating budget. The U.S. Executive Director at ADB is a presidential appointee who carries the rank of ambassador. As the U.S. Executive Director position is currently vacant, the United States is represented by Alternate Executive Director Jason Chung.
The current ADB President, Takehiko Nakao, chairs the Board and heads the management team composed of six Vice-Presidents. The management team supervises the work of ADB's operational, administrative, and knowledge departments.
- The Management Team (https://www.adb.org/about/management)
- ADB Organizational Chart (https://www.adb.org/sites/default/files/page/203876/adb-organization-chart-20180521.pdf)
As of 31 December 2017, ADB has 3,134 staff of which 141 are American (4.5% of total ADB staff).
The U.S. government collaborates with ADB primarily through the U.S. Department of Treasury. The U.S. Department of Commerce also has statutory obligation to support businesses at the Bank. Many other U.S. government agencies also work with the Bank.
ADB maintains strategic partnerships with the United Nations, other multilateral development banks (e.g., the World Bank, the Asian Infrastructure Investment Bank, the European Bank for Reconstruction and Development, and the Inter-American Development Bank), and numerous other international organizations.
To help guide its mission in the coming decades, ADB is preparing a new strategy, Strategy 2030, which will outline the bank’s vision and key directions for engagement with its developing member countries.
- The ADB’s Strategy 2030 (https://www.adb.org/about/policies-and-strategies/new-strategy)
For background information on the political and economic environment of your country of interest, please read U.S. Department of State Background Notes (https://www.state.gov/r/pa/ei/bgn/2698.htm).”
To locate your country link, click on the Background Notes at http://www.State.gov/r/pa/ei/bgn/ and select your country Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.