ANNUAL REPORT 2016 www.adb.org/ar2016
Keywords: membership, capital stock, stock, voting power
Members, Capital Stock, and Voting Power (as of 31 December 2016)
Year Subscribed Voting Year Subscribed Voting a b a b of Capital Power of Capital Power Membership (% of total) (% of total) Membership (% of total) (% of total) REGIONAL NONREGIONAL Afghanistan 1966 0.034 0.326 Austria 1966 0.340 0.571 Armenia 2005 0.298 0.537 Belgium 1966 0.340 0.571 Australia 1966 5.786 4.928 Canada 1966 5.231 4.483 Azerbaijan 1999 0.445 0.654 Denmark 1966 0.340 0.571 Bangladesh 1973 1.021 1.115 Finland 1966 0.340 0.571 Bhutan 1982 0.006 0.303 France 1970 2.328 2.161 Brunei Darussalam 2006 0.352 0.580 Germany 1966 4.326 3.759 Cambodia 1966 0.049 0.338 Ireland 2006 0.340 0.571 China, People’s Italy 1966 1.807 1.744 Republic of 1986 6.444 5.454 Luxembourg 2003 0.340 0.571 Cook Islands 1976 0.003 0.301 The Netherlands 1966 1.026 1.119 Fiji 1970 0.068 0.353 Norway 1966 0.340 0.571 Georgia 2007 0.341 0.572 Portugal 2002 0.113 0.389 Hong Kong, China 1969 0.545 0.734 Spain 1986 0.340 0.571 India 1966 6.331 5.363 Sweden 1966 0.340 0.571 Indonesia 1966 5.446 4.655 Switzerland 1967 0.584 0.765 Japan 1966 15.607 12.784 Turkey 1991 0.340 0.571 Kazakhstan 1994 0.806 0.944 United Kingdom 1966 2.042 1.932 Kiribati 1974 0.004 0.302 United States 1966 15.607 12.784 Korea, Republic of 1966 5.038 4.329 Subtotal 36.467 34.845 Kyrgyz Republic 1994 0.299 0.538 TOTAL 100.000 100.000 Lao People’s Notes: Numbers may not sum precisely because of rounding. For other details, see Democratic Republic 1966 0.014 0.310 table on Statement of Subscriptions to Capital Stock and Voting Power (OCR-8) in Malaysia 1966 2.723 2.479 the Financial Statements of Annual Report 2016. Maldives 1978 0.004 0.302 a Subscribed capital refers to a member's subscription to shares of the capital Marshall Islands 1990 0.003 0.301 stock of ADB. b Micronesia, Federated The total voting power of each member consists of the sum of its basic votes and proportional votes. The basic votes of each member consist of such number of States of 1990 0.004 0.302 votes as results from the equal distribution among all members of 20% of the Mongolia 1991 0.015 0.311 aggregate sum of the basic votes and proportional votes of all members. The Myanmar 1973 0.545 0.734 number of proportional votes of each member is equal to the number of shares of the capital stock of ADB held by that member. Nauru 1991 0.004 0.302 Nepal 1966 0.147 0.416 New Zealand 1966 1.536 1.527 Pakistan 1966 2.178 2.041 Palau 2003 0.003 0.301 Papua New Guinea 1971 0.094 0.374 Philippines 1966 2.383 2.205 Samoa 1966 0.003 0.301 Singapore 1966 0.340 0.571 Solomon Islands 1973 0.007 0.304 Sri Lanka 1966 0.580 0.762 Taipei,China 1966 1.089 1.170 Tajikistan 1998 0.286 0.528 Thailand 1966 1.362 1.388 Timor-Leste 2002 0.010 0.306 Tonga 1972 0.004 0.302 Turkmenistan 2000 0.253 0.501 Tuvalu 1993 0.001 0.300 Uzbekistan 1995 0.674 0.837 Vanuatu 1981 0.007 0.304 Viet Nam 1966 0.341 0.572 Subtotal 63.533 65.155 ANNUAL REPORT 201 6 www.adb.org/ar2016
Keywords: resolutions, board of governors
Resolutions of the Board of Governors Adopted in 2016
Resolution No. Subject Date Adopted
386 Place and Date of Fifty-First Annual Meeting 13 Dec
385 Amendment to Section 7(B)(a) of the By-Laws 13 Dec 384 Decisions Relating to Section 5 of the By-Laws 13 Dec
383 Election of President 4 Aug
382 Eleventh Replenishment of the Asian Development Fund 15 Jul and Sixth Regularized Replenishment of the Technical Assistance Special Fund
381 Amendment of Resolution No. 372 15 Jun
380 Allocation of Net Income 4 May
379 Financial Statements, Management's Report on Internal Control 4 May Over Financial Reporting and Independent Auditors' Reports 378 Conversion of ADF Resources 6 Apr 377 Amendment to Section 7(B)(a) of the By-Laws 15 Jan
ANNUAL REPORT 201 6 www.adb.org/ar2016
Keywords: policies, strategies, finance, financial, board
Selected Policy, Strategy, and Financial Papers Discussed by the Board in 2016
Subject Date
Review of Financial Policies for ADF Grant Operations (DOC.R5-16 issued 12 January 2016) 2 February
Accelerated Repayment of Concessional Loans (DOC.R4-16 issued 12 January 2016) 2 February
Annual Report 2015 (DOC.R21-16 issued 18 March 2016) 8 April
Annual Financial Statements (DOC.R20-16 issued 11 March 2016 and Corrigendum 1 8 April issued 07 April 2016)
2016 Annual Evaluation Review (DOC.Sec.M8-16 issued 21 March 2016) 11 April
Review of Asian Development Bank’s Allocation of 2015 Net Income 11 April (DOC.R24-16 issued 21 March 2016)
2015 Development Effectiveness Review (DOC.Sec.M11-16 issued 22 April 1 April 2016 and Corrigendum 1 issued 21 April 2016)
Concessional Assistance Policy (DOC.R36-16 issued 17 May 2016) 7 June
Eleventh Replenishment of the Asian Development Fund and Sixth Regularized Replenishment 7 June of the Technical Assistance Special Fund (DOC.R37-16 issued 17 May 2016)
Review of ADB’s Lending Instruments for Crisis Response (DOC.R52-16 issued 23 June, 14 July Corrigendum 1 issued 30 June, and Corrigendum 2 issued 08 July 2016)
Review of the Asian Development Bank’s Financial Policies 14 September (DOC.Working Paper 2-16 issued 24 August 2016)
Review of the Asian Development Bank’s Investment Strategy and Authority 14 September (DOC.Working Paper 3-16 issued 24 August 2016)
Work Program and Budget Framework, 2017-2019 (DOC.Sec.M29-16 issued 26 September 2016) 17 October
Review of the Asian Development Bank’s Capital Adequacy Framework (DOC.Working Paper 1-16 issued 23 June 2016) 2 November
Anticorruption Policy: Enhancing the Role of the Asian Development Bank in Relation to Tax Integrity (DOC.Working Paper 4-16 issued 14 September 2016) 4 November
Review of Salary and Benefits for International Staff, National Staff, and Administrative Staff 24 November (DOC.R123-16 issued 3 November 2016 and Corrigendum 1 issued 22 November 2016)
Staff Retirement Plan (DOC.Working Paper 5-16 issued 26 October 2016) 29 November
Borrowing Program for 2017 (DOC.R155-16 issued 18 November 2016) 9 December
Review of the Asian Development Bank’s Loan Charges and Allocation of 2016 Net Income 9 December (DOC.R154-16 issued 18 November 2016)
Staff Retirement Plan (DOC.Working Paper 5-16 issued 26 October 2016) 9 December
Budget of the Asian Development Bank for 2017 (DOC.R167-16 issued 23 November 2016) 14 December
Asian Development Bank Institute Three-Year Rolling Work Program, 2017–2019 14 December and Budget for 2017 (DOC.R168-16 issued 23 November 2016)
ADF = Asian Development Fund. Note: If the Board discussed an R-paper and a W-paper in 2016, only the Board date for the R-paper is given. ANNUAL REPORT 201 6 www.adb.org/ar2016
Keywords: board of governors, governors, board
Board of Governors (as of 31 December 2016)
Member Governor Alternate Governor
Afghanistan Eklil Ahmad Hakimi Mohammad Mustafa Mastoor Armenia Vache Gabrielyan 1 Pavel Safaryan Australia Scott Morrison MP Kelly O'Dwyer MP Austria Johann Georg Schelling Günther Schönleitner Azerbaijan Samir Sharifov Shahin Mustafayev Bangladesh Abul Maal A. Muhith Kazi Shofiqul Azam 2 Belgium Johan Van Overtveldt Alexander De Croo 3 Bhutan Lyonpo Namgay Dorji Nim Dorji 4 Brunei Darussalam Pehin Dato Abdul Rahman Ibrahim Nazmi Mohamad
Cambodia Aun Pornmoniroth Vongsey Vissoth
Canada Stéphane Dion (Vacant) 5
China, People’s Republic of Xiao Jie Shi Yaobin
Cook Islands Mark Brown Garth Henderson 6
Denmark Morten Jespersen Christian Dons Christensen
Fiji Aiyaz Sayed-Khaiyum Barry Whiteside 7
Finland Elina Kalkku Satu Santala 8
France Michel Sapin Odile Renaud-Basso Georgia Dimitry Kumsishvili 9 Giorgi Gakharia 10
Germany Hans-Joachim Fuchtel Marianne Kothe
Hong Kong, China John Tsang Chun-wah Norman Chan
India Arun Jaitley Shaktikanta Das Indonesia Sri Mulyani Indrawati 11 Bambang P.S. Brodjonegoro 12
Ireland Michael Noonan T.D. Paul Ryan
Italy Ignazio Visco Filippo Giansante
Japan Taro Aso Haruhiko Kuroda Kazakhstan Kuandyk Valikhanovich Bishimbayev 13 Ruslan Erbolatovich Dalenov Kiribati Teuea Toatu 14 Tukabu Tauati 15
1 Succeeded Karen Chshmaritian in February. 2 Succeeded Mohammad Mejbahuddin in December. 3 Succeeded Ronald De Swert in December. Ronald De Swert succeeded Gino Alzetta in January. 4 Succeeded Choiten Wangchuk in November. 5 Succeeded Lou Jiwei in November. 6 Succeeded Charlotte Slente in March. 7 Succeeded Riikka Laatu in November. 8 Succeeded Bruno Bezard in August. 9 Succeeded Nodar Khaduri in December. 10 Succeeded Dimitry Kumsishvili in December. Dimitry Kumsishvili succeeded George Kvirikashvili in April. 11 Succeeded Bambbang P.S. Brodjonegoro in August. 12 Succeeded Sofyan Djalil in August. 13 Succeeded Erbolat Dossaev in August. 14 Succeeded Tom Murdoch in April. 15 Succeeded Eriati Tauma Manaima in November. CONTINUED
Member Governor Alternate Governor
16
Korea, Republic of Ilho Yoo Juyeol Lee
Kyrgyz Republic Adylbek Aleshovich Kasymaliev Arzybek Orozbekovich Kojoshev 17
Lao People’s Democratic Republic Somdy Douangdy Vathana Dalaloy
Luxembourg Pierre Gramegna Arsène Jacoby Malaysia Dato’ Sri Mohd Najib Bin Tun Tan Sri Dr. Mohd Irwan
Haji Abdul Razak Serigar bin Abdullah 18
Maldives Ahmed Munawar Abdulla Ali Marshall Islands Brenson S. Wase 19 Maybelline A. Bing 20
Micronesia, Federated States of Sihna N. Lawrence Lorin Robert Mongolia Choijilsuren Battogtokh 21 Nadmid Bayartsaikhan 22 Myanmar Kyaw Win 23 Tun Tun Naing 24
Nauru David Adeang MP Martin Hunt Nepal Krishna Bahadur Mahara 25 Shanta Raj Subedi 26
The Netherlands Lilianne Ploumen A.C.C. (Christiaan) Rebergen
New Zealand Bill English Gabriel Makhlouf
Norway Tone Skogen Henrik Harboe
Pakistan Mohammad Ishaq Dar Tariq Bajwa
Palau Elbuchel Sadang Rhinehart Silas
Papua New Guinea Patrick Pruaitch Dairi Vele 27
Philippines Carlos G. Dominguez III Amando M. Tetangco, Jr. Portugal Mário Centeno 28 Jorge Costa Oliveira 29 30
Samoa Sili Sâlâ Epa Tuioti Tupaimatuna lulai Lavea 31
Singapore Heng Swee Keat Tan Ching Yee
Solomon Islands Snyder Rini Harry Degruit Kuma 32
Spain Luis de Guindos Jurado Irene Garrido
Sri Lanka Ravi Karunanayake M.I.M. Rafeek 33
Sweden Ulrika Modéer Magnus Lennartsson
Switzerland Raymund Furrer Denise Lüthi Crisan Taipei,China Yu-Jer Sheu Tzung-Ta Yen Tajikistan Davlatali S. Said Nematullo Khikmatullozoda Thailand Apisak Tantivorawong Somchai Sujjapongse Timor-Leste Santina J.R.F. Viegas-Cardoso Helder Lopes
16 Succeeded Kyung Hwan Choi in January. 17 Succeeded Liane Thykeo in April. 18 Succeeded Abdulla Jihad in August. 19 Succeeded Jack J. Ading in March. 20 Succeeded Amon Tibon in March. 21 Succeeded Bolor Bayarbaatar in July. 22 Succeeded Naidansuren Zoljargal in July. 23 Succeeded U Win Shein in May. 24 Succeeded Daw Myat Myat So in June. 25 Succeeded Bishnu Prasad Paudel in August. 26 Succeeded Lok Darshan Regmi in September. 27 Succeeded Cesar Purisima in June. 28 Succeeded Manuel Rodrigues in January. 29 Succeeded Alvaro Matias in December. 30 Succeeded Tuilaepa Sailele Malielegaoi in April. 31 Succeeded Peter Ong Boon Kwee in May. 32 Succeeded Iñigo Fernández de Mesa in November. 33 Succeeded Per Orneus in September. CONTINUED
Member Governor Alternate Governor
Tonga ’Aisake Valu Eke Tatafu Moeaki Turkey Osman Ҫelik 34 (Vacant) Turkmenistan Merdan Annadurdyyev Muhammetgeldi Atayev Tuvalu Maatia Toafa Letasi Iulai United Kingdom Priti Patel MP 35 Rory Stewart MP OBE 36 United States Jacob J. Lew Catherine Novelli Uzbekistan Batir Khodjaev 37 Sunnatillo Bekenov 38 Vanuatu Gaetan Pikioune 39 Tony Amos Sewen 40 Viet Nam Le Minh Hung 41 Nguyen Thi Hong
34 Succeeded Cavit Dagdas in July. 35 Succeeded Justine Greening in July. 36 Succeeded Desmond Swayne in July. 37 Succeeded Rustam Azimov in December. 38 Succeeded Batir Khodjaev in December. 39 Succeeded Willie Jimmy Tapangararua in February. 40 Succeeded George Singara Maniuri in April. 41 Succeeded Nguyen Van Binh in April. ANNUAL REPORT 201 6 www.adb.org/ar2016
Keywords: voting groups, voting power, board, board of directors
Board of Directors and Voting Groups (January–December 2016)
Director Alternate Director Members Represented Anthony Baker Richard Sisson Australia; Azerbaijan; Cambodia; Georgia; (Replaced by Mathew Fox (Replaced by Scott Dawson Hong Kong, China; Kiribati; Federated effective 18 Jan 2016) effective 25 Aug 2016) States of Micronesia; Nauru; Palau; Solomon Islands; Tuvalu
Won-Mok Choi M P D U K Mapa Pathirana* Republic of Korea; Papua New Guinea; (vacant) Sri Lanka; Taipei,China; Uzbekistan; Vanuatu; Viet Nam
Maurizio Ghirga Johannes Schneider Belgium, France, Italy, Portugal, Spain, Switzerland
Koichi Hasegawa Masashi Tanabe Japan
Gaudencio Hernandez, Jr. Muhammad Sami Saeed Kazakhstan , Maldives, Marshall Islands, (Replaced by Paul Dominguez Mongolia , Pakistan, Philippines, effective 16 Nov 2016) Timor -Leste
Umesh Kumar Sharafjon Sheraliev Afghanistan , Bangladesh, Bhutan, India, (Replaced by Kshatrapati Shivaji Lao People ’s Democratic Republic, effective 7 Dec 2016) Tajikistan , Turkmenistan
David Murchison Jan Willem van den Wall Bake Canada, Denmark, Finland, Ireland, (Replaced by Joar Strand The Netherlands, Norway, Sweden effective 1 Sep 2016)
Robert M. Orr Michael Strauss United States (Replaced by Swati Dandekar effective 1 Jul 2016)
Mario Sander Veronika Baumgartner Austria, Germany, Luxembourg, Turkey, (Replaced by Philip Rose United Kingdom effective 1 Jul 2016)
Zhongjing Wang Wenxing Pan People’s Republic of China
Bhimantara Widyajala Dominic Walton-France Armenia, Cook Islands, Fiji, Indonesia, (Replaced by Mario Di Maio Kyrgyz Republic, New Zealand, Samoa, effective 29 Jan 2016) Tonga
Philaslak Yukkasemwong Rokiah Hj Badar Brunei Darussalam, Malaysia, Myanmar, Nepal, Singapore, Thailand
* AED Mapa Pathirana’s end of service was 30 Jun 2016.
ANNUAL REPORT 2016 www.adb.org/ar2016
Keywords: committees, board of directors, board
Committees of the Board of Directors (as of 31 December 2016)
Audit Committee (ACB) Maurizio Ghirga (Chair) Bhimantara Widyajala Swati Dandekar Paul Dominguez M P D U K Mapa Pathirana (until 30 June 2016) Scott Dawson
Budget Review Committee (BRC) Won-Mok Choi (Chair) Koichi Hasegawa Kshatrapati Shivaji Mathew Fox Muhammad Sami Saeed Michael Strauss
Compliance Review Committee (BCRC) Mario Sander (Chair) Kshatrapati Shivaji Paul Dominguez David Murchison Rokiah Hj Badar Mario Di Maio
Development Effectiveness Committee (DEC) Philaslak Yukkasemwong (Chair) Won-Mok Choi Sharafjon Sheraliev Masashi Tanabe Joar Strand Johannes Schneider
Human Resources Committee (HRC) David Murchison (Chair) Mathew Fox Philaslak Yukkasemwong Koichi Hasegawa Philip Rose Wenxing Pan
Ethics Committee (ECB) Bhimantara Widyajala (Chair) Zhongjing Wang Paul Dominguez Maurizio Ghirga Koichi Hasegawa
ANNUAL REPORT 2016 www.adb.org/ar2016
Keywords: ADB, ADBI, Asian Development Bank Institute
ADB Institute Advisory Council 2016–2018 (until September 2018)
Cinnamon Dornsife Senior Advisor, International Development Senior Fellow, Foreign Policy Institute The Paul H. Nitze School of Advanced International Studies Johns Hopkins University
Masahisa Fujita Professor, Konan University Project Professor, Kyoto University
Mohamad Ikhsan Special Advisor to the Vice-President of Indonesia
Pradeep K. Sinha Cabinet Secretary Government of India
Ulrich Volz Head of Department of Economics School of Oriental and African Studies (SOAS), University of London Senior Research Fellow, German Development Institute (DIE)
Yaobin Shi Vice Minister of Finance (and ADB Alternative Governor), People’s Republic of China
Yasuyuki Sawada Chief Economist Economic Research and Regional Cooperation Department Asian Development Bank
ANNUAL REPORT 2016 www.adb.org/ar2016
Keywords: organizational structure, organization, structure
Organizational Structure1 (as of 31 December 2016)
BOARD OF GOVERNORS
BOARD OF DIRECTORS
OFFICE OF THE COMPLIANCE REVIEW PANEL2 INDEPENDENT EVALUATION DEPARTMENT3 D. Tang, Chair PRESIDENT M. Taylor-Dormond, Director General T. Nakao
MANAGING DIRECTOR GENERAL J. Miranda
ASIAN DEVELOPMENT VICE-PRESIDENT VICE-PRESIDENT VICE-PRESIDENT VICE-PRESIDENT VICE-PRESIDENT VICE-PRESIDENT BANK INSTITUTE (Knowledge Management (Operations 1) (Operations 2) (Private Sector and (Finance and Risk Management) (Administration and N. Yoshino, Dean and Sustainable Development) W. Zhang S. Groff Cofinancing Operations) I. van Wees Corporate Management) B. Susantono D. Gupta D. Stokes
OFFICE OF DEPARTMENT OF SOUTH ASIA DEPARTMENT EAST ASIA DEPARTMENT PRIVATE SECTOR OPERATIONS OFFICE OF RISK MANAGEMENT OFFICE OF THE OMBUDSPERSON EXTERNAL RELATIONS H. Kim, Director General A. Konishi, Director General DEPARTMENT M. Yamawaki, Head THE SECRETARY N. Diehl, Ombudsperson S. Bindra, Principal Director M. Barrow, Director General W. Um, The Secretary
BANGLADESH PRC OFFICE OF COFINANCING OFFICE OF ECONOMIC RESEARCH AND RESIDENT MISSION RESIDENT MISSION OPERATIONS THE AUDITOR GENERAL REGIONAL COOPERATION K. Higuchi, Country Director B. Bingham, Country Director K. Preugschat, Head CONTROLLER’S OFFICE OF H. Ong, Auditor General DEPARTMENT DEPARTMENT ADMINISTRATIVE SERVICES (Vacant) C. Kim, Controller R. Z. Teng, Principal Director BHUTAN MONGOLIA RESIDENT MISSION OFFICE OF RESIDENT MISSION (Vacant) Y. Fernandez Lommen, ANTICORRUPTION SUSTAINABLE DEVELOPMENT Country Director AND CLIMATE CHANGE AND INTEGRITY TREASURY OFFICE OF C. Wee, Head DEPARTMENT C. Locsin, Director General INDIA DEPARTMENT THE GENERAL COUNSEL RESIDENT MISSION P. Van Peteghem, Treasurer C. Stephens, General Counsel (Vacant) SOUTHEAST ASIA OFFICE OF PUBLIC–PRIVATE DEPARTMENT PARTNERSHIP J. Nugent, Director General R. Kaga, Head NEPAL BUDGET, PERSONNEL, AND RESIDENT MISSION MANAGEMENT SYSTEMS K. Yokoyama, Country Director CAMBODIA DEPARTMENT OFFICE OF RESIDENT MISSION T. Oya, Director General THE SPECIAL PROJECT S. Tukuafu, Country Director FACILITATOR SRI LANKA J. Shah, Special Project Facilitator RESIDENT MISSION S. Widowati, Country Director INDONESIA OPERATIONS SERVICES AND RESIDENT MISSION FINANCIAL MANAGEMENT (Vacant) DEPARTMENT STRATEGY AND POLICY R. Subramaniam, Director General DEPARTMENT I. Bhushan, Director General CENTRAL AND WEST ASIA LAO PDR DEPARTMENT RESIDENT MISSION S. O’Sullivan, Director General (Vacant) OFFICE OF INFORMATION EUROPEAN SYSTEMS AND TECHNOLOGY REPRESENTATIVE OFFICE S. Hamid, Principal Director D. Kertzman, Representative AFGHANISTAN MYANMAR RESIDENT MISSION RESIDENT MISSION T. Panella, Country Director W. Wicklein, Country Director
JAPANESE REPRESENTATIVE OFFICE ARMENIA PHILIPPINES T. Matsuo, Representative RESIDENT MISSION COUNTRY OFFICE S. Rosenthal, Country Director R. Bolt, Country Director
NORTH AMERICAN AZERBAIJAN THAILAND REPRESENTATIVE OFFICE RESIDENT MISSION RESIDENT MISSION C. Steffensen, Representative N. Mannapbekov, Country Director Y. Negishi, Country Director
GEORGIA VIET NAM RESIDENT MISSION RESIDENT MISSION Y. Elhan-Kayalar, Country Director E. Sidgwick, Country Director
KAZAKHSTAN RESIDENT MISSION G. Capannelli, Country Director PACIFIC DEPARTMENT X. Yao, Director General KYRGYZ REPUBLIC RESIDENT MISSION C. McDeigan, Country Director PACIFIC LIAISON AND COORDINATION OFFICE X. Fan, Regional Director PAKISTAN RESIDENT MISSION W. Liepach, Country Director PACIFIC SUBREGIONAL OFFICE R. Jauncey, Regional Director TAJIKISTAN RESIDENT MISSION C. C. Yu, Country Director PAPUA NEW GUINEA RESIDENT MISSION M. Minc, Country Director TURKMENISTAN RESIDENT MISSION C. Denizer, Country Director TIMOR-LESTE RESIDENT MISSION P. Spantigati, Country Director UZBEKISTAN RESIDENT MISSION T. Konishi, Country Director
1 To contact ADB Management and senior staff, go to www.adb.org/contacts/management-senior-staff 2 The Compliance Review Panel reports to the Board of Directors. 3 The Independent Evaluation Department reports to the Board of Directors through the Development Effectiveness Committee. ANNUAL REPORT 2016 www.adb.org/ar2016
Keywords: internal administrative expenses, budget, administrative expenses
Summary of Internal Administrative Expenses 2016 and Budget for 2017 ($’000)
2016 Item Budget Actual 2017 Budget A. Board of Governors 2,197 2,072 2,187 B. Board of Directors 32,782 29,136 33,225 Offices of the Directors 18,407 16,069 18,502 Accountability Mechanism 2,733 2,353 2,638 Independent Evaluation 11,642 10,714 12,085 C. Operational Expenses 471,841 432,191 483,927 Salaries 243,793 227,989 251,065 Benefits 149,965 135,977 151,189 Contribution to Staff Retriement Plan a 53,597 50,678 55,997 Staff development 7,500 6,983 7,500 Relocation 9,100 5,946 9,104 Consultants 27,437 27,181 29,564 Business travel 33,489 27,666 34,925 Representation 557 448 580 D. Administrative Expenses 123,648 108,633 129,926 Communications 10,028 7,553 8,477 Office occupancy 32,388 28,276 34,549 Library and subscription 5,542 5,389 5,794 Office supplies 1,806 1,364 1,565 Equipment, maintenance, and support 10,821 11,390 11,619 Contractual services 31,069 27,716 33,928 Insurance 6,388 5,848 7,540 Depreciation 23,336 20,401 25,110 Miscellaneous 2,270 697 1,344 Total Regular Premiums 630,468 572,031 649,265 E. General Contingency 6,305 5,223 6,493 Gross IAE 636,773 577,255 655,758 F. Fee Reimbursements (8,425) (8,374) b (8,770) G. Net IAE 628,348 568,881 646,988 c Early Separation Program 7,276 7,276 H. Net IAE after ESP 635,624 576,157 646,988 I. Carryover of IAE Budget 12,712 d J. Net IAE after Carryover and ESP 635,624 588,869 646,988 Externally Funded Program e 1,423 755 1,025
2016 aaaaaa 2017 Estimate Actual Estimate Memo Item (A) (B) (C) Gross Administrative Expenses 644,049 584,531 f 655,758 Accounting Adjustments 114,264 73,780 114,052 Accrual for SRP 119,633 79,712 112,600 Accrual for PRGMIP 17,679 15,679 29,260 Loan origination cost g (23,048) (23,692) (27,808) Other adjustments h 2,081 Overall Administrative Expenses 758,313 658,310 769,810 = not available or not calculated, ( ) = negative, ESP = Early Separation Program, IAE = internal administrative expenses, PRGMIP = post-retirement group medical insurance plan, SRP = staff retirement plan. Note: Numbers may not sum precisely because of rounding. a This excludes SRP contribution for the Board of Directors. The SRP budget for the Board of Directors is included under the Board of Directors budget category. b This amount reflects the estimated total expenses apportioned during the year for administering external grants excluding Japan trust funds. c Net IAE of $647.0 million for 2017 includes $12.1 million for the Independent Evaluation Department (IED) and $1.6 million for the Compliance Review Panel and Office of the Compliance Review Panel. d In 2006, the Board of Directors approved the introduction of a budget carryover of up to 2% of the net IAE budget to the next year, beginning with the 2007 budget. Accordingly, $12.7 million (about 2% of the 2016 net IAE budget) has been carried over to 2017. e Externally Funded Program includes (i) estimated sponsor-funded programs for staff and associated costs under Australia's Department of Foreign Affairs and Trade and the Government of the Federal Republic of Germany, and (ii) external grants for staff related costs under selected trust funds. f Refers to actual administrative expenses before adjusting for fee reimbursements. g Refers to administrative expenses related to loan origination. Accounting standards requires that a portion of the loan origination costs be deferred and amortized over the life of the loan. ADB defers 20 basis points of the amount of loans that become effective to represent the amount of loan origination costs that need to be deferred. h Refers to adjustments net of accrued resettlement and repatriation allowances and severance payments, costs for Afghanistan Guest House and Public Information Center and other miscellaneous items, and expenses of the Japan Special Fund. ANNUAL REPORT 2016 www.adb.org/ar2016
Keywords: salaries, board of directors, management, remuneration
Remuneration of the Board of Directors and Management
The salaries of the Directors and Alternate Directors and the President are determined by the Board of Governors, while the salary of the Vice-Presidents is determined by the Board of Directors. 1
For 2016, the annual base salaries 2 of the President, Directors and their Alternates, and Vice-Presidents are as follows:
2016 Annual Base Salary of the Board of Directors and Management (in US dollars per annum)
$
President 459,579 a Directors 243,942 b Alternate Directors 208,570 b Vice-Presidents 295,841 b
a Effective 1 June 2016. b Effective 1 August 2016.
1 The salaries are denominated in US dollars and are tax-exempt, unless the official's government authorities determine that the income from ADB is subject to taxation. ADB's Directors and Alternate Directors, President, and Vice-Presidents also receive an expatriate benefits package similar to that of ADB's international staff that includes housing subsidy, education assistance, worldwide medical insurance, pension plan, life and disability insurance, and home leave. ADB's President receives a special representation allowance determined by the Board of Governors in accordance with Section 5 of the By-Laws of the Asian Development Bank. The President's special representation allowance for 2016 is $38,836. 2 ADB's Public Communications Policy requires that ADB make publicly available the annual base salaries of the members of the Board of Directors and Management. ANNUAL REPORT 2016 www.adb.org/ar2016
Keywords: representation, members
Staff Representation of ADB Members (as of 31 December 2016)
National Staff and/or International Administrative Member Management Staff Staff Total Regional Afghanistan 0 1 21 22 Armenia 0 1 6 7 Australia 1 66 9 76 Azerbaijan 0 2 7 9 Bangladesh 0 6 49 55 Bhutan 0 3 1 4 Brunei Darussalam 0 1 0 1 Cambodia 0 0 28 28 China, People’s Republic of 1 57 58 116 Cook Islands 0 0 0 0 Fiji 0 2 17 19 Georgia 0 2 6 8 Hong Kong, China 0 5 0 5 India 1 80 64 145 Indonesia 1 32 35 68 Japan 1 151 4 156 Kazakhstan 0 7 11 18 Kiribati 0 0 0 0 Korea, Republic of 0 55 1 56 Kyrgyz Republic 0 8 12 20 Lao People’s Democratic Republic 0 2 20 22 Malaysia 0 20 0 20 Maldives 0 0 0 0 Marshall Islands 0 1 0 1 Micronesia, Federated States of 0 0 0 0 Mongolia 0 2 18 20 Myanmar 0 2 10 12 Nauru 0 0 0 0 Nepal 0 12 42 54 New Zealand 0 20 0 20 Pakistan 0 30 37 67 Palau 0 0 0 0 Papua New Guinea 0 1 12 13 Philippines 0 43 1,379 1,422 Samoa 0 2 1 3 Singapore 0 14 0 14 Solomon Islands 0 0 1 1 Sri Lanka 0 13 31 44 Taipei,China 0 4 0 4 Tajikistan 0 2 14 16 Thailand 0 7 11 18 Timor-Leste 0 0 5 5 Tonga 0 3 2 5 Turkmenistan 0 0 4 4 Tuvalu 0 1 1 2 Uzbekistan 0 11 14 25 Vanuatu 0 1 1 2 Viet Nam 0 12 46 58 Subtotal 5 682 1,978 2,665 CONTINUED
National Staff and/or International Administrative Member Management Staff Staff Total Nonregional Austria 0 8 0 8 Belgium 0 6 0 6 Canada 0 45 0 45 Denmark 0 6 0 6 Finland 0 5 0 5 France 0 37 0 37 Germany 0 39 2 41 Ireland 0 2 0 2 Italy 0 22 0 22 Luxembourg 0 1 0 1 The Netherlands 1 16 0 17 Norway 0 0 0 0 Portugal 0 4 0 4 Spain 0 20 0 20 Sweden 0 6 0 6 Switzerland 0 8 0 8 Turkey 0 3 0 3 United Kingdom 0 49 0 49 United States 1 144 2 147 Subtotal 2 421 4 427 TOTAL 7 1,103 1,982 3,092 ANNUAL REPORT 2016 www.adb.org/ar2016
Keywords: resident mission, staffing, field office
Number of Authorized Positions in Resident Missionsa (as of 31 December 2016)
International National Administrative Country Staff Staff Staff Total
I. Operations 1 South Asia Bangladesh 9 21 27 57 Bhutan 1 1 1 3 India 17 34 33 84 Nepal 7 17 18 42 Sri Lanka 5 15 16 36 Central and West Asia Afghanistan 6 12 11 29 Armenia 2 4 3 9 Azerbaijan 1 5 2 8 Georgia 1 4 3 8 Kazakhstan 3 7 6 16 Kyrgyz Republic 2 5 7 14 Pakistan 7 20 19 46 Tajikistan 2 4 10 16 Turkmenistan 1 3 1 5 Uzbekistan 5 9 9 23 II. Operations 2 East Asia China, People’s Republic of 14 29 26 69 Mongolia 5 10 8 23 Southeast Asia Cambodia 7 11 13 31 Indonesia 15 17 15 47 Lao People’s Democratic Republic 5 10 11 26 Myanmar 9 5 5 19 Philippines 6 6 3 15 Thailand 9 6 5 20 Viet Nam 18 21 21 60 Pacific Pacific Liaison and Coordination Office in Sydney, Australia b 4 8 6 18 Pacific Subregional Office in Suva, Fiji c 7 10 11 28 Papua New Guinea 4 5 8 17 Timor-Leste 4 4 3 11 Subtotal 176 303 301 780
Representative Offices Europe 2 1 2 5 Japan 2 1 2 5 North America 2 1 2 5 Subtotal 6 3 6 15
Headquarters d 916 483 954 2,353
TOTAL 1,098 789 1,261 3,148 a Includes outposted positions. b Covers Nauru, Solomon Islands, and Vanuatu. c Covers the Cook Islands, Fiji, Kiribati, Samoa, Tonga, and Tuvalu. d Excludes young professionals and Board of Directors. ANNUAL REPORT 2016 www.adb.org/ar2016
Keywords: resident mission, staffing, field office
Growth in Resident Missions and Authorized Staff Positions at Resident Missions (as of 31 December 2016)
Number of Resident Missions and Authorized Positions Item 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Number of resident missions (RMs) 23 23 23 24 25 26a 26a 28b 29c 29 28a 28 Total authorized positions at RMs 437 448 490 520 553 604 662 680 694 708 735 780 International staff (IS) and national staff (NS) positions at RMs 270 267 300 321 339 368 409 423 423 437 452 479 d International staff 107 96 112 119 130 134 141 145 141 151 159 176 d National staff 163 171 188 202 209 234 268 278 282 286 293 303 Administrative staff 167 181 190 199 214 236 253 257 271 271 283 301
Total authorized positions at ADB 2,310 2,340 2,381 2,498 2,550 2,800 2,960 3,050 3,062 3,068 3,096 3,148 IS and NS positions at ADB 1,253 1,271 1,304 1,378 1,418 1,596 1,761 1,828 1,828 1,834 1,851 1,887 e International staff 824 824 836 875 892 982 1,028 1,072 1,072 1,074 1,080 1,098 National staff 429 447 468 503 526 614 733 756 756 760 771 789 Administrative staff 1,057 1,069 1,077 1,120 1,132 1,204 1,199 1,222 1,234 1,234 1,245 1,261
Percent of authorized positions at RMs to total authorized positions at ADB 18.9 19.1 20.6 20.8 21.7 21.6 22.4 22.3 22.7 23.1 23.7 24.8 Percent of IS and NS positions at RMs to total IS and NS positions at ADB 21.5 21.0 23.0 23.3 23.9 23.1 23.2 23.1 23.1 23.8 24.4 25.4 International staff 13.0 11.7 13.4 13.6 14.6 13.6 13.7 13.5 13.2 14.1 14.7 16.0 National staff 38.0 38.3 40.2 40.2 39.7 38.1 36.6 36.8 37.3 37.6 38.0 38.4 Administrative staff 15.8 16.9 17.6 17.8 18.9 19.6 21.1 21.0 22.0 22.0 22.7 23.9 a Excludes Turkey Regional Office. b Includes Extended Mission to Myanmar and Turkey Regional Office. c Includes Bhutan Resident Mission. d Includes outposted positions. e Excludes Young Professionals and Board of Directors.