The Asian Development Bank

Abstract

An important distinction between most specialised agencies of the UN system 1 and the multilateral banks is that in the former each member government has one vote, while in the latter voting power and influence is much more closely related to financial contributions and emphasises the relative role of the banks’ donors. Both the ADB’s decision-making structure and the positions taken by its members on key institutional and policy issues highlight the fact that a fundamental conflict in the Bank is that between the interests of the donors and the developing member countries (DMCs) in exerting control over the Bank’s operations. Following a brief outline of how the Bank operates, this chapter discusses the question of political influence in the Bank, and compares voting power and formal influence with the more realistic financial influence. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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