Members
ADB has 67 members (as of 2 February 2007). Names are as recognized by ADB.
The year after a member's name indicates the year of membership. The largest share holders of the ADB are Japan and USA, each holding 15.57% of the shares. At the time a country ceases to be a member, the Bank shall arrange for the repurchase of such country's shares by the Bank as a part of the settlement of accounts with such country in accordance with the provisions of paragraphs 3 and 4 of this Article.
Republic of China (Taiwan) initially joined as "China" as a founding member representing the whole of China. However, its share of Bank capital was based on the size of Taiwan's capital, unlike the World Bank and IMF where the government in Taiwan had had a share representing the whole of China prior to the People's Republic of China joining and taking the Republic of China's seat. In 1986, a compromise was effected when the People's Republic of China joined the institution. The ROC was allowed to retain its membership, but under the name of Taipei,China — a name it protests. Uniquely, this allows both sides of the Taiwan Straits to be represented at the institution.
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Read more about this topic: Asian Development Bank
Famous quotes containing the word members:
“Safe in their Alabaster Chambers—
Untouched by Morning
And untouched by Noon—
Sleep the meek members of the Resurrection—”
—Emily Dickinson (1830–1886)
“I have more in common with a Mexican man than with a white woman.... This opinion ... chagrins women who sincerely believe our female physiology unequivocally binds all women throughout the world, despite the compounded social prejudices that daily affect us all in different ways. Although women everywhere experience life differently from men everywhere, white women are members of a race that has proclaimed itself globally superior for hundreds of years.”
—Ana Castillo (b. 1953)
“Two myths must be shattered: that of the evil stepparent . . . and the myth of instant love, which places unrealistic demands on all members of the blended family. . . . Between the two opposing myths lies reality. The recognition of reality is, I believe, the most important step toward the building of a successful second family.”
—Claire Berman (20th century)