A History of Financial Management at the Asian Development Bank: Engineering Financial Innovation and Impact on an Emerging Asia

Abstract

The Asian Development Bank (ADB) has evolved into a leading development banking institution in the global financial markets during the past half century since it was established. This publication—a good introduction to financial management practices in multilateral development banks—narrates the evolution of ADB’s financial policies, strategies, practices, and approaches by decade of operations. It shows how ADB swiftly responded to changing market conditions and provided funds to its developing members at the lowest possible cost. This publication explains how these practices and products played important roles in shaping ADB’s development mandate, fostered sustainable and steady growth, and paved the way toward an enviable AAA-rating in the capital markets.