Asian Development Bank & United States

FACT SHEET

The Asian Development Bank (ADB) is dedicated to reducing poverty in the Asia and Pacific region Shareholding and Voting Power through pro-poor sustainable economic growth, The United States is one of the two largest shareholders in ADB the other is Japan. social development, and good governance. Figures are as of 1 April 2009, before the fifth general capital increase process began. Established in 1966, it is owned by 67 member The process is ongoing, and the final figures are expected to be available by 30 June 2011. nations—48 from the region—who have committed Current subscription levels are available from the Office of the Secretary. $167.1 billion in loans to the vision of a region free of poverty. Number of shares held: 552,210 (15.57% of total shares) Despite the region’s many successes, it Votes: 565,442 (12.76% of total membership, remains home to two-thirds of the world’s poor: 36.49% of total nonregional membership) 1.8 billion people who live on less than $2 a day, Overall capital subscription: $8.55 billion with 903 million struggling on less than $1.25 a day. Paid-in capital subscription: $598.57 million The United States—coequally with Japan— is the largest shareholder and has contributed $8.55 billion in capital subscription as of 1 April 2009. As of 31 Contributions to Special Funds Resources December 2010, it has contributed and committed The United States has contributed to the Asian Development Fund (ADF), which is ADB’s window $3.84 billion to special funds since joining in 1966. for concessional lending to its borrowing members, and to the Technical Assistance Special Fund Companies and consultants from the (TASF), which provides grants to borrowing members to help prepare projects and undertake United States have been awarded $7.75 billion in technical or policy studies. procurement contracts (based on nationality of contractor) on ADB-financed projects since 1967. Contributions to the ADF (committed): $3.77 billion In 2010, lending volume was $11.46 billion Contributions to the TASF (committed): $66.53 million (106 projects), with technical assistance at $175 million (243 projects) and grant-financed projects at $982 million (40 projects). In addition, Share of ADB’s Procurement Contracts $3.67 billion in direct value-added loan, grant, and Each year, ADB provides loans to fund projects and activities in Asia and the Pacific. From ADB’s technical assistance cofinancing was generated. inception in 1966 through 2009, US firms have been awarded $7.75 billion in total procurement From 1 January 2006 to 31 December 2010, (based on nationality of contractor). ADB’s annual lending volume averaged $10.3 billion. In addition, technical assistance and investment grants funded by ADB and special funds resources Summary of Overall Procurement from Donor Members, 1 January 2006–31 December 2010 averaged $692.6 million and $175.4 million in Amount technical assistance over the same period. Donor Members ($ million) Rank As of 31 December 2010, the cumulative totals United States 1,662 1 excluding cofinancing were $167.1 billion in loans Korea, Republic of 158 2 for 2,328 projects in 42 countries, $4.4 billion in Germany 200 3 163 grants, and $3.15 billion in technical assistance Japan 203 4 grants, including regional technical assistance grants. Australia 821 5 In addition to loans, grants, and technical assistance, ADB uses guarantees and equity investments to help its developing member countries. With headquarters in , ADB has 30 offices around the world with 2,833 staff from 59 members as of 31 December 2010.

In this brochure, “$” refers to US dollars. As of 31 December 2010 ADB Operations Cofinancing ADB is a full-fledged development institution that provides a range of ADB arranges cofinancing from bilateral, multilateral, export credit development services, including project financing (loans, technical agencies, and commercial sources in the form of grants for technical assistance, grants, guarantees, and equity investments), policy advice, assistance and components of investment projects, loans, and and capacity building. In 1999, the ADB Board of Directors approved syndications. Cofinancing brings additional resources to ADB’s project a poverty reduction strategy, making poverty reduction its overarching financing. In 2010, total direct value-added (DVA) cofinancing amounted goal. In carrying out this mission, ADB works in close partnership with to $3.67 billion for 156 projects of which $3.52 billion was for 43 developing member countries (DMCs), civil society, the private sector, investment projects and $151.0 million for 113 technical assistance and bilateral and other multilateral organizations. projects. Cumulative DVA cofinancing for the period 1970–2010 amounted to $19.8 billion for 1,670 projects, of which $18.8 billion was ADB Operational Activities, 2009–2010 for 495 investment projects and $988.0 million was for 1,175 technical 2009 2010 assistance projects. OPERATIONAL ACTIVITIES (I + II) 19,156 17,513 Cofinancing with the United States from 1 January 2006 to I. ORDINARY CAPITAL RESOURCES (OCR) AND SPECIAL FUND 31 December 2010 comprised the following: RESOURCES (amount) (A + B + C + D + E + F) 15,738 13,845 A. Loans (amount) (1 + 2) 13,216 11,462 1. OCR (amount) (a + b + c) 11,006 9,250 Projects*: 2 projects, cofinancing of $11.10 million a. Sovereign 10,568 8,197 Grants: 1 project, cofinancing of $1.60 million b. Nonsovereign Public 134 – Commercial loans c. Nonsovereign Private 304 1,053 and syndications: 1 project, cofinancing of $9.50 million 2. Asian Development Fund (ADF) Loans (amount) (a + b) 2,210 2,213 a. Sovereign 2,210 2,213 *A project with more than one source of cofinancing is counted once. b. Nonsovereign Public – – B. Grants (amount) 924 982 C. Guarantees (amount) 325 982 Trust Funds D. Trade Finance Program (amount) 850 – Trust funds are key instruments to mobilize and channel grants from E. Equity (amount) 220 243 external sources to finance technical assistance and components of F. Technical Assistance Grants (amount) 203 175 investment projects. They play an important role in complementing II. COFINANCINGa (amount) (A + B) 3,418 3,669 ADB’s own grant resources. So far, bilateral, multilateral, and private A. Project 1. Loans (amount) 3,164 3,360 sector partners have contributed about $3.3 billion in grants to ADB 2. Grants (amount) 190 157 operations. Initially, trust funds were established through single-donor B. Technical Assistance Grants (amount) 64 151 channel financing agreements targeting a number of specific sectors. TOTAL (I + II) 19,156 17,513 Over time, ADB has been increasingly switching to multidonor trust – = nil. funds covering thematic issues. A more recent development is the a Cofinancing includes projects administered by ADB and under collaborative cofinancing arrange- ments, e.g., framework agreements. establishment of trust funds under theme-focused umbrella initiatives called financing partnership facilities, which support priority areas in

Sectoral Distribution of Loans, 2010 (in %)

0 5 10 15 20 25 30 35 40 • • • • • • • • • Multisector Water Supply and Other Municipal Infrastructure and Services Transport and ICT

Public Sector Management

Industry and Trade

Health and Social Protection

Finance

Energy

Education

Agriculture and Natural Resources

Total: $11.46 billion

ICT = information and communication technology. Loan Approvals by Country and Source of Funds, 2009–2010a 2009 2010 OCR ADF OCR ADF Amount Amount Amount Amount No. ($ million) No. ($ million) No. ($ million) No. ($ million)

Sovereign Armenia 0 – 3 140.0 1 170.0 0 – Azerbaijan 1 75.0 0 – 0 – 0 – Bangaldesh 2 600.0 8 427.9 2 800.0 8 449.0 Cambodia 0 – 4 71.7 0 – 6 95.0 China People’s Republic of 12 1,762.1 0 – 11 1,320.9 0 – Cook Islands 1 10.0 0 – – – – – Fiji 3 67.4 0 – – – – – Georgia 0 – 4 228.8 2 250.0 1 85.0 India 15 1,711.0 0 – 16 2,119.6 0 – Indonesia 6 2,184.2 0 – 4 485.0 0 – Kazakhstan 2 687.0 0 – 3 606.0 0 – Kyrgyz Republic 0 – 2 44.5 0 – 3 88.2 Kiribati – – – – 0 – 1 12.0 Lao People’s Democratic Republic 0 – 1 0.1 – – – – Maldives 0 – 2 36.5 – – – – Marshall Islands – – – – 0 – 1 9.5 Mongolia 0 – 2 50.1 0 – 2 48.0 Nepal 0 – 4 172.8 0 – 4 154.9 Pakistan 4 695.0 3 245.0 1 242.0 2 270.0 Palau – – – – 1 12.6 1 3.4 Papua New Guinea 1 25.0 3 95.0 1 40.9 2 29.4 Philippines 5 1,056.1 0 – 2 600.0 0 – Samoa – – – – 0 – 1 16.0 Sri Lanka 2 215.0 3 115.0 4 350.0 3 107.2 Thailand 1 77.1 0 – 1 300.0 0 – Uzbekistan 0 – 1 60.0 2 390.0 3 265.0 Viet Nam 2 1,402.9 7 523.0 3 510.0 13 580.0 Subtotal 57 10,567.7 47 2,210.3 54 8,197.0 51 2,212.6

Nonsovereign Armenia – – – – 1 40.0 – – Azerbaijan – – – – 1 27.0 – – China, People’s Republic of 3 192.9 – – 3 256.6 – – Georgia – – – – 3 88.0 – – India 1 100.0 – – – – – – Indonesia – – – – 1 300.0 – – Pakistan – – – – 2 136.8 – – Papua New Guinea 1 25.0 – – – – – – Philippines 1 120.0 – – – – – – Thailand 0 – – – 2 204.3 – – Subtotal 6 437.9 – – 13 1,052.7 – – TOTAL 63 11,005.6 47 2,210.3 67 9,249.7 51 2,212.6

– = nil, ADF = Asian Development Fund, OCR = ordinary capital resources. a Adjusted to exclude terminated loans.

Investment Projects Cofinanced with the United States, 1 January 2006–31 December 2010

ADB Amounta Cofinancing Amount Country Project ($ million) ($ million) Type of Cofinancingb India NTPCc Capacity Expansion Financing Facility 75.00 9.50 C Tajikistan Regional Customs Modernization and Infrastructure Development 10.70 1.60 G a Loan, grant, or blend. b C = commercial cofinancing, G = grant cofinancing. c NTPC = National Thermal Power Corporation, Ltd. ADB Strategy 2020, such as water, clean energy, regional cooperation in Sri Lanka, the Kelanitissa Power Project received blue financial and integration, and urban sector financing. assistance of $26 million to build a 163-megawatt (MW), diesel-based The United States has contributed to the following trust fund: combined cycle power plant. AES Corporation, a leading independent US power company, sponsored the development, owning 90% of its Multidonor Trust Fund total shareholding. AES Corporation also indirectly owns 92% of the • Cooperation Fund for Regional Trade and Financial Security Philippines: Masinloc Power Partners Company Limited (MPPC) for Initiative – established in 2004 which ADB approved a $200 million loan to MPPC for the acquisition, Cumulative commitment: $1.0 million rehabilitation, and operation of the existing 600-MW Masinloc coal-fired thermal power plant. ADB Support for Private Sector BP Corporation North America, Inc., British Petroleum’s largest subsidiary worldwide, guarantees loan repayments to INO: Tangguh LNG Support for private sector development is an integral part of ADB’s Project. ADB extended a loan of $350 million for this project, which is poverty reduction strategy. Without the active participation of the a major greenfield development to extract natural gas from gas fields in private sector, it would not be possible to sustain the rapid growth Indonesia and to convert it into liquefied natural gas (LNG) for shipping that creates jobs and provides the infrastructure facilities necessary to export markets. The project consists of an offshore gas production to reduce poverty. In support of the private sector, ADB helps create facility, onshore LNG facility, and gas transmission pipelines. enabling conditions and generate business opportunities. ADB also An energy efficiency multiproject financing program of ADB in catalyzes private investments through direct assistance and the use of the People’s Republic of China will provide credit guarantees of up to risk-mitigating instruments. ADB makes direct equity investments and CNY800 million ($107 million) in favor of selected financial institutions provides loans and guarantees to private sector projects, primarily in the to cover the credit risk associated with financing energy efficiency finance and infrastructure sectors. As of 31 December 2010, ADB’s total projects. For this program, ADB partnered with Johnson Controls, one of outstanding balances and undisbursed commitments to nonsovereign the world’s leading energy management companies. projects, inclusive of equity investments, loans, and guarantees, was approximately $5.3 billion, 59% of which are infrastructure projects, US–ADB Co-Investments in the Finance Sector 40% in the finance sector and 1% in other sectors. ADB supports financial intermediaries, such as banks, non-banking ADB prioritizes projects that (i) supply basic needs and services for financial institutions, private equity and investment funds, and other a wide segment of the population in a cost-effective way; (ii) encourage financial institutions. PSOD prioritizes interventions that support the technology and know-how transfer to ADB’s developing member development and deepening of financial markets, such as securitization, countries; (iii) expand the role of the private sector or improve the financing for small and medium-sized enterprises, and projects that quality of private sector participation; and (iv) play a key role in develop long-term derivative markets in support of attracting foreign improving finance sector intermediation. To be considered by ADB, investment in the infrastructure sector and minimizing asset-liability projects involving exclusive concessions must have been awarded mismatches in banking systems. Through PSOD’s trade finance to the private sector on a transparent and competitive basis. ADB- facilitation program, ADB shares the risk with other private sector assisted investments must benefit both the private sponsors and the financial institutions in challenging markets to support higher levels of local economy, as well as meet ADB’s strict environmental and social regional and international trade. guidelines. ADB has co-invested with US firms in 12 private equity funds. In August 2007, ADB provided the Bank of Georgia a senior loan US–ADB Co-Investments in Infrastructure of $25 million for onlending to small and medium-sized enterprises in In the infrastructure sector, apart from conventional projects in Georgia in coordination with Citibank, which syndicated a electricity generation and transmission and natural gas liquefaction $100 million loan facility among a group of commercial banks. The and distribution, ADB’s Private Sector Operations Department (PSOD) loan was ADB’s first transaction in Georgia since it joined ADB as a actively pursues projects that promote renewable energy generation, new member in February 2007. ADB provided the Bank of Georgia with energy efficiency enhancement, wastewater and solid waste treatment, another senior loan of $50 million in 2010. The Bank of Georgia is listed among others—all of which save precious natural resources and on both the London Stock Exchange and the Georgian Stock Exchange. improve the quality of life in DMCs. ADB promotes public–private Shareholders include institutional investors, which hold the majority of partnerships in infrastructure projects that can lower the risks and costs shares, and retail shareholders and senior management, which hold associated with such investments. ADB has co-invested with several the remainder. The Bank of New York-Mellon, in its capacity as the US-based corporations and entities in projects that are financially viable depository bank for the Bank of Georgia’s Global Depositary Receipts with significant economic and social merit and a positive development program, holds a 89.6% shareholding in the Bank of Georgia under the impact. For example, as part of ADB’s first private sector power project name, Bank of New York (Nominees) Limited. Contractors/Suppliers Involved in ADB Projects Consultants Involved in ADB Loans From 1 January 1968 to 31 December 2010, contractors and suppliers and Technical Assistance were involved in 186,186 contracts for ADB loan projects worth From 1 January 1968 to 31 December 2010, consultants were involved $97.66 billion. During the same period, contractors and suppliers from in 11,643 contracts for ADB loan projects worth $4.63 billion. During the United States were involved in 5,874 contracts for ADB loan projects the same period, consultants from the United States were involved in worth $6,709.13 million. 668 contracts for ADB loan projects worth $480.32 million.

Contractors/Suppliers from the United States Involved in ADB Loan Projects, 1 January 2006–31 December 2010 A Sample of Consultants (Individual Consultants and Consulting Firms) from the United States Involved in ADB Loan Projects, Contract Amount 1 January 2006–31 December 2010 Contractor/Supplier Sector ($ million) Number of Times Contract Amount Cooper Power Systems Contractor/Supplier Contracted ($ million) 2300 Badger Drive, Waukesha Sheladia Associates Incorporated WI 53188-5951 Multisector 4.38 15825 Shady Grove Road, Suite 100 Minex International LLC Rockville, MD 20850 5 15.85 1030 15th Street, NW, Suite 920 Black and Veatch International Washington, DC 20005 Health and Social Protection 2.59 11401 Lamar, Overland Park, Kansas 6621 2 6.94 Enterprise Electronics Corporation H & J Incorporated 128 S. Industrial Boulevard 6265 Sheridan Drive, Suite 212 Enterprise, AL 36330 Agriculture and Natural Resources 2.04 Buffalo NY 14221 5 6.74 GPPC Incorporated Stanley Consultant Incorporated Tamuning, Guam Multisector 1.92 Stanley Building, 225 Iowa Avenue Montebello Group, Incorporated Muscatine 52761 3 3.59 310 Broadview Avenue, Suite 203A MWH Americas Limited Warrenton, VA 20186 Multisector 1.21 175 W. Jackson Boulevard, Suite 1900 Meteor Communications Wireless Chicago II 60604 1 3.58 Communications Easen International Company Ltd. 66th South Avenue, Kent 10044 Baylee Lane, San Diego WA 98032-4844 Agriculture and Natural Resources 1.20 CA 92127-3491 3 2.76 Transportation Technology Center, Louis Berger Group, Incorporated Incorporated 2300 N Street, Nw, Washington DC 20037 4 2.55 55500 Dot Road, P. O. Box 11130 Hydroqual, INCIN Association with China Cons. Pueblo, CO 81001 Transport and ICT 1.17 1200 Macarthur Blvd. Mahwah NJ 07430 1 2.44 Selex Sistemi Integrati Wilbur Smith Associates, Inc. USA JV 11300w 89th Street, Overland Park 1301 Gervais Street, Columbia KS 66214 Transport and ICT 0.90 South Carolina 29201-3356, Muscatine IOWA 2 2.13 Westech Engineering Incorporated Ecology and Environment Incorporated 3629 South West Temple Water Supply and Other Municipal Buffalo Corporate Center Salt Lake City, Utah 84115 Infrastructure and Services 0.82 368 Pleasant View Drive, Lancaster NY 14086 1 1.56 Association for Supervision Tera International Group Incorporated and Curriculum 107 East Holly Avenue, Suite 12, Sterling, VA 20164 1 0.99 P.O. Box 79760 Baltimore Nathan Associates Incorporated MD 21279-0760 Education 0.68 2101 Wilson Boulevard, Suite 1200 Tashan Incorporated Arlington, Virginia 22201-3062 2 0.98 Westminster, Colorado 80020 Agriculture and Natural Resources 0.43 Secid in Association with Epadascon, Hasfarm ITS Distribution Incorporated 1634-I Street, N.W. Suite 702 518 Old Post Road # 7, Edison Washington DC 20006 1 0.75 NJ 08817-4683 Education 0.43 Glocoms, Incorporated JSC Medic Service 40 E. Chicago Ave., Unit 200 Wilmington, Delaware Health and Social Protection 0.33 Chicago, Illinois 60611 2 0.49 Lewis and Lewis Donaev Management Consulting 1600 Callens Road, Ventura 877 Bay Ridge Avenue CA 93003 Public Sector Management 0.21 Suite 4d New York, 11220 1 0.44 Power Global Engineering Incorporated Lyon Associates, Incorporated 22 North Fort Harrison Avenue Water Supply and Other Municipal 841 Bishop Street, Suite 2006 Clearwater, FL 33755 Infrastructure and Services 0.19 Honolulu, Hawaii, HI 9 6813 1 0.40 Agrotech Incorporated TRC Environmental Corporation 40 Baldwin Farms North Water Supply and Other Municipal 5540 Centerview Drive, Suite 100 Greenwich CT 06831 Infrastructure Services 0.14 Raleigh, NC 27606 1 0.35 IDS Marketing Company LLC ARD Incorporated 1411 Fourth Avenue, #416 159 Bank Street, Suite 300 Seattle, Washington 98101 Health and Social Protection 0.12 Burlington, Vermont 0541 1 0.26 Directapps, Incorporated South East Consortium for International Development Rosehill, CA 95661 Public Sector Management 0.09 1634 I Street, N.W. Suite 702 Unitek Company DC 20006, Washington 3 0.23 16 Hargrave Circle, Newtown The Center for Quality Assurance in International MA 02461 Transport and ICT 0.09 Education TEELONICS, Incorporated 1001 North Fairfax Street, Suite 520 932E, Impala Avenue, Arizona Alexandria, Virginia 22314, Washington, DC 1 0.10 85204-6699 Agriculture and Natural Resources 0.08 Individual consultants 21 0.89 ICT = information and communication technology. From 1 January 1968 to 31 December 2010, consultants were involved in 22,350 contracts for ADB technical assistance projects worth Depository Libraries $3.15 billion. During the same period, consultants from the United ADB’s Depository Library Program was established in response to States were involved in 2,729 contracts for ADB technical assistance increasing public interest in the activities of multilateral development projects worth $557.69 million. institutions. Many ADB documents available to the public are stored in 155 depository libraries worldwide.

A Sample of Consultants (Individual Consultants and Consulting Firms) from the United States Involved in ADB Technical ADB Depository Libraries in the United States Assistance Projects, 1 January 2006–31 December 2010 Host Institution Contact Information Number of Times Contract Amount Cornell University Ben Abel Contractor/Supplier Contracted ($ million) Library Tera International Group, Incorporated Southeast Asia Assistant/Serials 107 East Holly Avenue, Suite 12 110 Olin Library, Ithaca Sterling, VA 20164-5405 11 7.16 NY 14853-5301 Tel +1 607 225 0367 Centennial Group Holdings LLC Fax +1 607 225 6110 The Watergate Office Building, 2600 Virginia Ave. [email protected] 201, N.W., Washington, DC 9 6.49 Northern Illinois University Hao Pan, Curator #497 Roots of Peace Libraries 1299 Fourth Street, Suite 200 Donn V. Hart South Asia Collection San Rafael, CA 94901 1 5.64 DeKalb, IL 60115-1868 H & J, Inc. Tel +1 815 753 1809 6265 Sheridan Drive, Suite 212 Fax +1 815 753 9803 Buffalo, NY 14221 7 4.44 [email protected] Sheladia Associates, Incorporated University of California at Berkeley James Church 15825 Shady Grove Road, Suite 100 International Documents Librarian Rockville, MD 20850 4 2.38 Research, Reference and Collections Services Group, Inc. (The) 218 Doe Library, #6000 2300 Clarendon Boulevard, Suite 1110 Berkeley, CA 94720 Arlington, Virginia 22201 3 2.11 Fax +1 510 642 9466 International Resources Group University of Michigan Grace Ann York 1211 Connecticut Avenue, Suite 700 Government Documents Librarian Washington, DC 20036 2 2.18 Documents Center, 313 Hatcher Library North Ann Arbor, MI 48109-1205 HOPE Worldwide Ltd. Tel +1 313 764 0410 353 W Lancaster Avenue Fax +1 313 764 0259 Wayne, PA 19087 1 1.71 University of California Juri Stratford Planning and Development Collaborative International Inc. Davis-Shields Library 1025 Thomas Jefferson St., NW Government Information Department Suite 170, Washington, DC 20007-5209 1 1.68 100 NW Quad Avenue Louis Berger Group, Inc. (Finance and Governance) Davis, CA 95616-5292 USA 2300 N St. Nw, Washington DC 20037 1 1.36 Tel +1 503 752 9787 Aries Group, Ltd. (The) Fax +1 503 752 3148 1745 Jefferson Davis Highway #507 [email protected] Arlington, Virginia 22202 2 1.32 University of Washington David Maack Pragma Corporation (The) Librarian 116 East Broad Street, Falls Church, Va 22046 1 1.27 Library International Government Publications Shorebank International Ltd. Box 352900 2230 South Michigan Avenue Chicago, IL 60616 1 1.26 Seattle, WA 98195-2900 USA Lubrinico Group Fax +1 206 685 8049 440 West 41st Street [email protected] New York 10036-6816 1 1.00 University of Hawaii Alice Mak Business and Government Strategies International Library 310 North Pitt Street, Alexandria, VA 22314-2509 2 0.97 Serials Department Blacksmith Institute Inc. 2550 McCarthy Mall 2014 Fifth Ave., New York, NY 10035 1 0.89 Honolulu, HI 96822 Tel +1 808 956 2312 Globalworks Fax +1 808 956 5968 4660 La Jolla Village Drive, Suite 500 [email protected] San Diego 92122, CA 3 1.57 US Library of Congress Nanette Abas Family Health International Manila Representative Office P.O. Box 13950, Research Triangle Park American Embassy North Carolina 277709 1 0.70 Seafront Compound, Gustavson Associates, Incorporated City, 1201 Manila, Philippines 5757 Central Avenue Suite D, Boulder, Colorado 80301 1 0.66 Tel +1 632 832 5313 RTI Intl/Intl. Development Group Fax +1 632 831 6934 3040 Cornwallis Road, Research Triangle [email protected] P.O. Box 12194, North Carolina 27709 1 0.66 Individual consultants 642 38.92 ADB Governor Contact Information for the US Executive The Honorable Timothy F. Geithner, Secretary, US Department of the Treasury, Director’s Office at ADB is the Governor for the United States in ADB. Tel +63 2 632 6050 Fax +63 2 632 4003/636 2084 ADB Alternate Governor Mr. Robert D. Hormats, Under Secretary for Economic, Energy, and Agricultural ADB Staff Members Affairs, US Department of State, is the Alternate Governor for the United States As of 31 December 2010, there was one member of Management and 130 in ADB. international staff members (84 men and 46 women) from the United States in ADB, which represents 12.70% of total management and international staff, including 28 senior staff members. C. Lawrence Greenwood, Jr., is the most ADB Executive Director senior American in ADB. Other senior staff members include Jeremy Hovland, Robert M. Orr is the United States Executive Director with rank of Ambassador the General Counsel; Philip Erquiaga, Director General, Private Sector Operations to the ADB. His career has spanned government, academia, the foundation and Department; and Robert C. May, Special Project Facilitator. corporate worlds. Ambassador Orr started his career as a staffer in the US House of Representatives and then served in the US Agency for International Develop- ment. Later he was a professor of political science in two US universities. He Members of Senior Advisory Councils moved to the corporate world as Vice President for Government Affairs for Prof. Cinnamon Dornsife, former Executive Director to the ADB, is a member of Motorola in Japan, and then in Europe. From 2002–2007, he was the President of the ADB Institute Advisory Council. Boeing Japan. Following his retirement from Boeing, he was Chair of the Panasonic Foundation’s Board until taking up his current post. Arnold M. Zack, former President, National Academy of Arbitrators, is a member of the ADB Administrative Tribunal. ADB Alternate Executive Director Maureen Grewe is the United States Alternate Executive Director. Prior to her appointment, Ms. Grewe held several key positions at the US Department of the Commercial Liaison to ADB Treasury during her term from 1995 to 2010, including postings in Italy, Japan, Joel Fischl is the Senior Commercial Liaison Officer and Director of the US Com- and the Republic of Korea. Most recently, as Financial Attaché at the US Embassy mercial Service Liaison Office for ADB. This office provides counseling and assists in Tokyo, she evaluated and advised senior Treasury officials and the US Ambas- US firms in pursuing business opportunities that result from ADB activities. sador on macroeconomic trends and policy developments, as well as Japanese Tel +63 2 887 1345, 887 1346, Fax +63 2 887 1164 financial market developments and regulatory policies. [email protected] www.buyusa.gov/adb ADB Executive Director’s Advisors George Smith is a 20-year capital markets veteran, both in New York and London, North American Representative Office where he worked as a bond syndication manager. He then moved to the US ADB’s North American Representative Office, which covers Canada and the United Treasury, first as a technical assistance advisor, then as Director of the Office States, is located at 815 Connecticut Avenue, NW Suite 325, Washington, DC of Technical Assistance, and finally as Attaché at Embassy Baghdad. During his 20006. Treasury tenure, he undertook several outside assignments, including with the Tel +1 202 728 1500 State Department’s Civilian Response Corps, the IMF’s capital markets research Fax +1 202 728 1505 department, and now at the ADB. He is a Summa cum laude graduate of Babson [email protected] College, where he received a BS and MBA. www.adb.org/NARO Christopher W. MacCormac is the Resident Director General. Logan Sturm was a Mansfield Fellow for the 2 years prior to joining the US Executive Director’s office in October 2008. During this time, he had placements in Japan’s Ministry of Finance, Financial Services Agency, Keidanren, and the ADB Headquarters National Diet. He joined the US Department of Treasury in 2002 and was the 6 ADB Avenue, Mandaluyong City, 1550 , Philippines financial services negotiator for various free trade negotiations, including World Tel +63 2 632 4444 Trade Organization accessions and the Doha Round. He earned his MA from the Fax +63 2 636 2444 Johns Hopkins School of International Studies in International Economics, Japan [email protected] (general information) Studies, and International Relations in Asia. [email protected] (publications) www.adb.org