Carries the right to contract for projects supported by bank loans

In 2003, ADB approved loans worth $6.1 billion for 66 projects, most of which went to the

public sector. India was the largest borrower, followed by People's Republic of China, Pakistan,

Bangladesh, and Shi Lanka. Grants worth US $483.5 million were provided, and technical assistance,

which is used to prepare projects and support advisory activities, amounted to $176.5 million.

ADB's projects and programs, whether poverty interventions or otherwise, emphasize one or

more of the following priorities: economic growth, human development, gender and development,

Good governance, environmental protection, private sector development, regional cooperation.

The bank operates as a viable banking institution, charging realistic rates of interest and encourages

A flow of capital to the region from outside sources.

The Bank has a membership of sixty-three countries in Asia and the Pacific and eighteen countries

Outside the region.

C) European Bank for Reconstruction and Development. An international bank set up in 1991 to

“promote private and entrepreneurial initiative in the Central and Eastern European countries

committed to and applying the principles of multi-party democracy, pluralism and market economics.”

It was established to help the previously planned economies of Central and Eastern Europe