| Abstract: | This article reviews the history of establishing the Asian Development Bank (ADB) with an original 31 members in 1966. It goes on to describe the changes that have occurred in Asia in the intervening years during which membership has grown to 67, including 48 from within Asia and the Pacific and 19 outside. It also discusses the economic outlook in Asia and the relationship between ADB and People's Republic of China. The article then gives an overview of the current organization and operations of the ADB. This article concludes by eight conditions for development that make countries reach the upper-middle-income status. |
