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:
“This Administration has declared unconditional war on poverty and I have come here this morning to ask all of you to enlist as volunteers. Members of all parties are welcome to our tent. Members of all races ought to be there. Members of all religions should come and help us now to strike the hammer of truth against the anvil of public opinion again and again until the ears of this Nation are open, until the hearts of this Nation are touched, and until the conscience of America is awakened.”
—Lyndon Baines Johnson (1908–1973)
“For just as the body is one and has many members, and all the members of the body, though many, are one body, so it is with Christ.”
—Bible: New Testament, 1 Corinthians 12:12.
“I rejoice that horses and steers have to be broken before they can be made the slaves of men, and that men themselves have some wild oats still left to sow before they become submissive members of society. Undoubtedly, all men are not equally fit subjects for civilization; and because the majority, like dogs and sheep, are tame by inherited disposition, this is no reason why the others should have their natures broken that they may be reduced to the same level.”
—Henry David Thoreau (1817–1862)