ARMENIA BECOMES 64TH MEMBER OF ADB
Kazinform, Kazakhstan
Sept 28 2005
MANILA. September 28. KAZINFORM. Armenia has become the 64th member
of the Asian Development Bank. Armenia’s membership became effective
on 20 September 2005 upon completion of all formalities.
Armenia has subscribed to 10,557 shares of the capital stock. ADB’s
authorized capital stock is 3,509,728 shares equivalent to US$51.6
billion, Kazinform refers to the Bank’s press service.
The Asian Development Bank is dedicated to reducing poverty in the
Asia and Pacific region through pro-poor sustainable economic growth,
social development, and good governance. Established in 1966, it is
owned by 64 members, with 46 from the region. In 2004, it approved
loans and technical assistance totaling $5.3 billion and $196.6
million, respectively.