Thursday, April 26, 2007
[IWS] ADB: Asian Development Bank's Annual Report [25 April 2007]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Asian Development Bank (ADB)
Asian Development Bank's Annual Report [25 April 2007]
http://www.adb.org/Documents/Reports/Annual_Report/2006/default.asp
Volume I -- Main
http://www.adb.org/Documents/Reports/Annual_Report/2006/ADB-AR2006.pdf
[full-text, 124 pages]
Volume II -- Financial
http://www.adb.org/Documents/Reports/Annual_Report/2006/ADB-AR2006-Vol2.pdf
[full-text, 177 pages]
Press Release 25 April 2007
ADB Loans Jump to $7.4 Billion in 2006, Annual Report Says
http://www.adb.org/Media/Articles/2007/11792-adb-annual-reports/default.asp
MANILA, PHILIPPINES - ADB approved a total $7.4 billion in loans in 2006, reflecting a 28% increase over the previous year's level, according to the < http://www.adb.org/Documents/Reports/Annual_Report/2006/default.asp > ADB Annual Report 2006, released ahead of the 40th Annual Meeting to be held 47 May in Kyoto, Japan.
"Sustainable economic growth was the most prevalent theme," said ADB's latest annual report, in describing the general thrust of the 67 projects supported by the loans approved in 2006.
Grants approved in 2006 amounted to $538.4 million, earmarked for 43 projects. This amount is less than half the $1.1 billion in grants approved in 2005, when more funds were needed to immediately address the destruction wrought by the December 2004 Asian tsunami and the earthquake that struck Pakistan in October 2005.
Loans
The People's Republic of China received $1.6 billion, or 21%, of the total loans that ADB extended last year, making it the biggest loan recipient.
The finance sector was the top recipient of ADB loans last year, receiving $1.8 billion, or 24%, of total loans, sharply higher than the $261.2 million the sector secured in 2005. The transportation and communications sector received the largest share of loans that ADB provided in 2005.
Loans with government guarantees last year totaled $6.8 billion for 59 projects. Out of this amount, $5.5 billion for 26 loans came from the ordinary capital resources of ADB, while the balance, which financed 45 loans, was sourced from the concessional < http://www.adb.org/ADF> Asian Development Fund (ADF).
Overall, sovereign lending increased 30% over the $5.2 billion approved in 2005.
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Asian Development Bank (ADB)
Asian Development Bank's Annual Report [25 April 2007]
http://www.adb.org/Documents/Reports/Annual_Report/2006/default.asp
Volume I -- Main
http://www.adb.org/Documents/Reports/Annual_Report/2006/ADB-AR2006.pdf
[full-text, 124 pages]
Volume II -- Financial
http://www.adb.org/Documents/Reports/Annual_Report/2006/ADB-AR2006-Vol2.pdf
[full-text, 177 pages]
Press Release 25 April 2007
ADB Loans Jump to $7.4 Billion in 2006, Annual Report Says
http://www.adb.org/Media/Articles/2007/11792-adb-annual-reports/default.asp
MANILA, PHILIPPINES - ADB approved a total $7.4 billion in loans in 2006, reflecting a 28% increase over the previous year's level, according to the < http://www.adb.org/Documents/Reports/Annual_Report/2006/default.asp > ADB Annual Report 2006, released ahead of the 40th Annual Meeting to be held 47 May in Kyoto, Japan.
"Sustainable economic growth was the most prevalent theme," said ADB's latest annual report, in describing the general thrust of the 67 projects supported by the loans approved in 2006.
Grants approved in 2006 amounted to $538.4 million, earmarked for 43 projects. This amount is less than half the $1.1 billion in grants approved in 2005, when more funds were needed to immediately address the destruction wrought by the December 2004 Asian tsunami and the earthquake that struck Pakistan in October 2005.
Loans
The People's Republic of China received $1.6 billion, or 21%, of the total loans that ADB extended last year, making it the biggest loan recipient.
The finance sector was the top recipient of ADB loans last year, receiving $1.8 billion, or 24%, of total loans, sharply higher than the $261.2 million the sector secured in 2005. The transportation and communications sector received the largest share of loans that ADB provided in 2005.
Loans with government guarantees last year totaled $6.8 billion for 59 projects. Out of this amount, $5.5 billion for 26 loans came from the ordinary capital resources of ADB, while the balance, which financed 45 loans, was sourced from the concessional < http://www.adb.org/ADF> Asian Development Fund (ADF).
Overall, sovereign lending increased 30% over the $5.2 billion approved in 2005.
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 2:01 PM
