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:
“For splendor, there must somewhere be rigid economy. That the head of the house may go brave, the members must be plainly clad, and the town must save that the State may spend.”
—Ralph Waldo Emerson (1803–1882)
“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.
“A family with the wrong members in control—that, perhaps, is as near as one can come to describing England in a phrase.”
—George Orwell (1903–1950)