Why is the headquarters of the Asian Development Bank in the Philippines?

The Asian Development Bank (ADB) led by Japan and the United States, the United States does not want Japan to have too much control, so it opposes Tokyo becoming its headquarters. After World War II 1950 to 1970, the Philippines, Japan and Myanmar were among the richest countries in Asia. It is a new industrial country and one of the emerging markets in the world.

Some Philippine groups suggested that the Philippines should resume the administration of the United States and become the 5 1 state of the United States. The ancestors of Filipinos were immigrants from the Asian continent, and the Sulu Kingdom, a maritime power, was established in the14th century. Spain occupied and ruled the Philippines for more than 300 years from 65438 to 0565. 1898 was occupied by the United States. 1942 was occupied by Japan. After World War II, it became an American colony again. 1946, Philippine independence. The United States has left the dominant position of English and its recognition of western culture in the Philippines.

The Asian Development Bank (ADB) is an intergovernmental financial organization in the Asia-Pacific region. ADB was established in 1966 and its headquarters is in Manila, Philippines. Its main fund comes from Japan, and its purpose is to fight poverty in the Asia-Pacific region.

President and Chairman: Takehiko Nakao

Membership: 67, including 48 regional members and 19 non-regional members.

At the beginning of 1966, ADB had only 3 1 members. At present, its members have grown to 67, of which 48 are from the Asia-Pacific region and 19 are from other regions.

Location: Headquartered in Manila, Philippines, there are 29 permanent representative offices and 3 offices in Tokyo, Frankfurt and Washington, D.C. ..

ADB's business mainly focuses on the following five areas: infrastructure; Environment, including climate change; Regional cooperation and integration; Financial industry development; And education

By the end of 20 13, Japan held 15.67%, making it the largest shareholder of ADB, and the United States ranked second with 15.56%.

Generally speaking, the chairman of ADB is a senior official from the Bank of Japan or the Japanese Ministry of Finance.

Japan and the United States are tied as the largest contributors to ADB. Since the establishment of 1966, the bank has been dominated by Japan and the United States, and the positions of successive presidents have been held by Japanese.

Local member

Afghanistan, Australia, Azerbaijan, Bangladesh, Bhutan, Cambodia, China, Cook Islands, Fiji Islands, Hongkong, China, China Taipei, India, Indonesia, Japan, Kazakhstan, Pakistan, South Korea, Kyrgyz Republic, Lao Democratic Republic, Malaysia, Maldives, Marshall Islands. Pakistan, Palau, Papua New Guinea, Philippines, Samoa, Singapore, Solomon Islands, Sri Lanka, Tajikistan, Thailand, Timor-Leste, Tonga, Turkmenistan, Tuvalu, Uzbekistan, Vanuatu and Viet Nam.

Non-local member

Austria, Belgium, Canada, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States.