Hemantha Withanage
This is a very special year for the Asian Development Bank as it commemorates a very important milestone: its 40th founding anniversary. And it’s quite symbolic to celebrate it in the heart of Japan, arguably the country with the biggest stake in the ADB in terms of “ownership and influence.” Japan (together with the United States) is the biggest shareholder of the Bank. Japan enjoys 15 percent of the capital subscription and casts 12 votes during important Board decisions. Contrast this with most countries in Asia and the Pacific that only have less than one vote. Japan also controls a number of the Bank’s Special Funds. And historically, Japan has always been given the choice position of ADB presidency; no other member-country has had this privilege.
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