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ADB's net allocable income reaches $1.13 billion


ADB s net allocable income reaches $1.13 billion
10 May 2021, 22:37 GMT+10
Manila [Philippines], May 10 (ANI): The board of governors at Asian Development Bank (ADB) has adopted a resolution to allocate 1.13 billion dollars in net allocable income from 2020 ordinary capital resources, the highest in ADB s history.
The 2020 net allocable income is 62.5 million dollars higher than in 2019, largely led by an increase in income from equity investments and sovereign lending operations.
ADB s ordinary reserve will be allocated 734.3 million dollars to support the bank s capital adequacy and provide an earnings base to generate net income. The Asian Development Fund which provides grants to ADB s low-income developing member countries (DMCs) will receive 292.4 million dollars. ....

Technical Assistance Special Fund , Asian Development Fund , Asia Pacific Disaster Response Fund , Asian Development Bank , தொழில்நுட்ப உதவி சிறப்பு நிதி , ஆசிய வளர்ச்சி நிதி , ஆசியா பெஸிஃபிக் பேரழிவு பதில் நிதி , ஆசிய வளர்ச்சி வங்கி ,

Asian Development Bank's net allocable income hits $1.13 billion


BusinessWorld
May 7, 2021 | 12:05 am
BW FILE PHOTO
THE ASIAN Development Bank’s (ADB) board of governors agreed on Wednesday to allocate a record high of $1.13 billion in the net allocable income booked in 2020 to support the bank’s operations.
The 2020 net allocable income increased by $62.5 million from the 2019 level on the back of higher profit from equity investments and sovereign lending operations, the ADB said in a statement on Wednesday.
Of the total, 65% or $734.3 million was set aside for the ordinary reserve that will support the bank’s capital adequacy and provide an earnings base to generate net income.
Meanwhile, around 26% or $292.4 million will go to the Asian Development Fund, a facility that provides grants to ADB’s low-income developing member countries, while 8% or $90 million will be for the Technical Assistance Special Fund. This provides a steady stream of funds for ADB’s technical assistance ....

France General , Masatsugu Asakawa , Technical Assistance Special Fund , Asian Development Fund , Asia Pacific Disaster Response Fund , Development Bank , Technical Assistance Special , பிரான்ஸ் ஜநரல் , தொழில்நுட்ப உதவி சிறப்பு நிதி , ஆசிய வளர்ச்சி நிதி , ஆசியா பெஸிஃபிக் பேரழிவு பதில் நிதி , வளர்ச்சி வங்கி , தொழில்நுட்ப உதவி சிறப்பு ,

Masatsugu Asakawa to stand for reelection as ADB President | Bangladesh Sangbad Sangstha (BSS)


Masatsugu Asakawa to stand for reelection as ADB President
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DHAKA, April 26, 2021 (BSS) – Asian Development Bank (ADB) President Masatsugu Asakawa on Monday expressed his intention to stand for reelection as President for the 5-year term after his current term ends on November 23, 2021.
ADB Presidents are nominated from ADB’s regional members for a 5-year term and elected by the ADB Board of Governors, said an ADB press release.
“ADB has worked closely with our developing member countries (DMCs) throughout the global pandemic to design and implement effective solutions for Asia and the Pacific in a timely and tailored manner,” said Asakawa. ....

Takehiko Nakao , Technical Assistance Special Fund , Asian Development Fund , Asian Development Bank , President Masatsugu Asakawa , Asia Pacific Vaccine Access Facility , Knowledge Management Action Plan , தொழில்நுட்ப உதவி சிறப்பு நிதி , ஆசிய வளர்ச்சி நிதி , ஆசிய வளர்ச்சி வங்கி , ஆசியா பெஸிஃபிக் தடுப்பூசி நுழைவு வசதி ,