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 $3.15 billion in technical assistance Japan 203 4 grants, including regional technical assistance grants. Australia 821 5 In addition to loans, grants, and technical assistance, ADB uses guarantees and equity investments to help its developing member countries. With headquarters in Manila, ADB has 30 offices around the world with 2,833 staff from 59 members as of 31 December 2010. In this brochure, “$” 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.