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Brief introduction of Asian development bank
The Asian Development Bank (ADB) is a regional intergovernmental financial development institution dedicated to promoting the economic and social development of developing members in Asia and the Pacific. Since 1999, ADB has particularly emphasized that poverty alleviation is its primary strategic goal. It is not affiliated with the United Nations, but was established under the auspices of the United Nations Economic and Social Commission for Asia and the Pacific (1 UNESCAP) and has close ties with the United Nations and its regional and specialized agencies. ADB was established on124 October, and its headquarters is located in Manila, the capital of the Philippines. By the end of February 20 13, ADB had 67 members, of which 48 were from Asia-Pacific region and 19 were from other regions. China joined ADB on March 1986. China ranked third (6.44%), and Japan and the United States tied for first place (15.60%). According to the voting rights of countries, China is also the third (5.45%); Japan and the United States tied for first place (12.78%)2. They are all the largest donors to this organization and have one vote of veto. The Asian Development Bank, jointly led by the United States and Japan. Whether the World Bank or Asian banks want to get loans, they must pass the government's transparency, ideological review, environmental protection, employment and bidding requirements. Various assessments often take one or two years, which not only consumes a lot of manpower, material resources and financial resources, but also may delay opportunities. Besides harsh conditions and low efficiency, the bigger problem is that these financial institutions can't meet the demand at all. The Asian Development Bank (ADB) approved a policy loan of US$ 300 million to China (PBL) on Wednesday to help China solve the air pollution problem that has long plagued the capital Beijing and its surrounding areas. This is the first time that ADB has provided policy loans to China.