Asian Development Bank: Role and Functions | Finance
Though publicly financed by taxpayer dollars, ADB activities and those of other multilateral development banks are often carried out without the informed participation of affected people, Non- Governmental Organizations NGOsor, in many cases, the elected officials in the borrowing countries. Function of asian development bank expanded in the s into education and health and then to infrastructure and industry. ADB responded with projects and programs to strengthen financial sectors and create social safety nets for the poor.
Structure and Functions of Asian Development Bank (ADB)
Policies on the inspection function, involuntary resettlement and indigenous peoples function of asian development bank to protect the rights of people affected by a project were also approved. The gradual emergence of Asian economies in the late s spurred demand for better infrastructure to support economic growth. ADB is an international development finance institution whose mission is to help its developing member countries reduce poverty and improve the quality of life of their people.
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