Video AudioPART 1(effect) VO: The Asian development Bank or ADB is a

financial institute operating since 1966. As an institution, it possesses full juridical personality and, in particular, full capacity to contract; to acquire, and dispose of, immovable and movable property; and to institute legal proceedings.

Map of asia

poverty

VO: Its vision is to free Asia and Pacific from poverty.

Its mission is to help its developing member countries reduce poverty and improve the quality of life of their people.

Pictures of working class VO: ADB’s main objectives focus on the following:

To support poverty reduction and employment generation efforts specially in rural areas, and more equitable distribution of the benefits of development.

To promote “balanced regional development” as a means of narrowing the wide disparities of income and quality of life among different regions.

Investment

resources

infastructure

VO: Its functions range from promotion of investments to its member countries to cooperation with the United Nations

technical assistance

United nationsPART2Timeline (pan left to right)

1960 – food production, rural development (pics)

VO: Through the years, ADB’s extension of assistance has shifted from food production, energy projects, social infrastructure, regional cooperation and health projects.

1970 – energy projects (pics)

1980 – social infrastructure (pics)

1990 – regional cooperation (pics)

21st century – health (pics)

PART3Organizational Set-up(effects)

VO: The organizational structure observed by the Asian Development Bank in the Philippines is exactly the same as what has been used in other neighboring Asian countries of the Philippines. Basically, its organizational set-up has been classified not like as the other ordinary set-ups wherein it is based on functions (e.g. Operations Dept., Human

Resource) but it is focused on the SPECIFIC PURPOSE. The objectives and mission of ADB has been held manifest through the structuring of the organizational set-up. As what we can see, it has been further divided into poverty group, environment, agriculture etc.

Member countries(pics of intl costumes)

Afghanistan, Armenia ,Australia, Austria, Azerbaijan, Bangladesh, Belgium, Bhutan, Brunei Darussalam, Cambodia, Canada, People's Republic of China, Cook Islands, Denmark Republic of the Fiji Islands, Finland, France, Georgia, Germany, Hong Kong, China, India, Indonesia, Ireland, Italy, Japan, Kazakhstan, Kiribati Republic of Korea, Kyrgyz Republic, Lao People's Democratic Republic, Luxembourg, Malaysia, Maldives, Marshall Islands, Federated States of Micronesia, Mongolia, The Union of Mynmar, Republic of Nauru, Nepal, The Netherlands, New Zealand, Norway, Pakistan, Palau, Papua New Guinea, Republic of Portugal, Samoa, Singapore, Solomon Islands, Spain, Sri Lanka, Sweden, Switzerland, Taipei,China, Tajikistan, Thailand Timor-Leste, The Democratic Republic of Tonga, Turkey, Turkmenistan, Tuvalu, United Kingdom, United States, Uzbekistan, Vanuatu, Viet Nam and Philippines

(end focus on Philippines)

Refer to flags.zip

VO: From 31 member countries at its establishment in 1966, ADB has grown to encompass 67 members – of which 48 are within Asia and the Pacific and 19 outside. Georgia is the 67th and newest member, having joined ADB effective February 2, 2007.

ADB and its members enjoy privileges such as Freedom of Assets from restrictionsPrivilege for communicationImmunities and Privileges of Bank personnelExemption from Taxation And Immunities from Judicial Proceedings, Assets and Archives.

Inset: Ay! Kajoin ba ang Pilipinas diyan???

VO: Philippines is the founding member of ADB.

PART4Present Status: Strategy 2020

News clippingsFlash scanned news articles…Focus on articles: (1) Philippines third-largest borrower and (2) ADB approves 500 million loan… please type highlighted contents.

VO: At present, ADB promises to transform itself to attend better to its objectives. Recently, it launched its Strategy 2020: The Long-Term Strategic Framework of the Asian Development Bank 2008-2020. Under Strategy 2020, ADB will transform itself to meet the challenges, while remaining dedicated to reducing poverty—its overarching goal since

1999. ADB’s corporate vision under Strategy 2020 will continue to be “An Asia and Pacific Free of Poverty”, and its mission will be to help its DMCs reduce poverty and improve living conditions and quality of life.

ADB will focus on five drivers of change: (i) private sector development and private sector operations, (ii) good governance and capacity development, (iii) gender equity, (iv) knowledge solutions, and (v) partnerships.

ADB will also refocus its operations into five core specializations that best support its agenda, reflect DMCs’ needs and ADB’s comparative strengths, and complement efforts by development partners: (i) infrastructure; (ii) environment, including climate change; (iii) regional cooperation and integration; (iv) financial sector development; and (v) education. In other areas, ADB will continue operations only selectively in close partnership with other agencies.

As to Philippines’ relationship with the ADB, last August 25, 2009, the Philippines’ application for a $500-million loan from the Asian Development Bank has been approved and the funds are expected to be released next month. The loan was said to be critical for the Philippine government to stimulate the economic recovery, protect its social spending and poverty reduction programs, and continue with its long-term development objectives in 2009.

Accordingly, as of April 22, 2010, Manila Times reported that the Philippine government was the third largest recipient of loan assistance among Southeast Asian countries from the Asian Development Bank (ADB) last year to counter the global economic crisis.

PART5Impact (effects)

Pros: (refer to impact stories.ppt)

Homes for the working classesADB’s $30-million concessional loan, coursed through the Development Bank of the Philippines, helped the communities of Cavite to build homes for factory workers. The said loan helped the realization of the ambitious Pamayanang Maliksi Cavite Mass Housing Project. Cavite’s first such housing project, it

broke ground in March 2008 on 53 hectares in General Trias. The project targeted to provide 4,834 low-cost housing units to the workers.offer 4,834 low-cost housing units

Electricity to far-flung provincesADB also supported energy projects of the Philippine government. Among these energy projects is the Philippine Energy Efficiency Project (PEEP) in Cebu City. Under the $46.5-million project, the government is offering 13 million energy-efficient compact fluorescent lamps (CFLs) to replace traditional incandescent bulbs in Cebu City and throughout the country, setting aside$18 million for bulb replacement.

Funded in part by a $31-million ADBconcessional loan, the project will deferinvestments of some $450 million in new power plant construction. It will also save about $100 million annually in fuel costs and avoid 300,000 tons of carbon dioxide emissions annually by reducing power generation. With the said project, the chances of brownouts are getting slimmer, said energy undersecretary Roy Kyamko.

Farm to market roadsADB had also helped promising but cash-poor agricultural ventures across the Philippines through its agricultural projects which provided funds for equipment, transport networks, and other facilities, helping poor farmers scale up their incomes. More concretely, ADb supported the AgrarianReform Communities Project (ARCP) implemented by the government’s Department of Agrarian Reform, and providing about P500,000 ($10,752)worth of equipment for milk collection, qualitycontrol, beef management, and training.The nationwide ARCP—to which ADB contributed a $93.2-million loan out of a total project cost of $168.9 million in 1998—benefited nearly 30,000 rural households or 140 agrarian reform

Cons:

communities in almost 1,000 poverty-stricken villages.

Renovation of RoadsADB also extended its help in the realm of infrastructure. ADB’s North Luzon Expressway Rehabilitation and Expansion Project helped renovate an 83.7-kilometer section of the road and build or rehabilitate 14 interchanges, 24 bridges, and 31 overpasses from Manila to the Clark Special Economic Zone in Pampanga province. The government and ADB, the lead financing agency, worked together to assemble a $378-million loan package, provided primarilyby the private sector. ADB provided a loan of $45 million and coordinated a loan of $25 million by a group of international commercial banks. For users of the highway, the impact has been dramatic. The road used to be a heavily potholed, two-lane thoroughfare where overloaded trucks, speeding buses, and private vehicles dangerously competed for space. Today, it is a safe, smooth tollway with good lighting, modern signage, and vigorous enforcement of traffic laws.

Asia’s Deceptive Bank

This should what the letters ADB should stand for, and not Asian Development Bank.

While it boasts of its incredibly humane vision and its philanthropic mission, the financial institution has in fact worsened the wound it intends to heal. As an organization primarily organized and controlled by the United States and its chowchow Japan, it is epically influencing if not completely manipulating the economies of Asian countries. It can be said that ADB’s general declarations are truisms for developing countries like the Philippines. They are mere motherhood statements.

What ADB does is promote privatization and private sector participation in the provision of formerly government provided goods and services. Driven by a profit-motive, ADB sponsored projects have caused environmental degradation, flooding, displacement and loss of assets and livelihoods - in short, greater poverty - for thousands in marginalized Asian communities.

Strategy 2020 states that ADB will “distribute knowledge in ways that have both an immediate impact and catalytic force—for example, the knowledge of how a DMC can approach public–private partnerships to provide social services and to achieve benefits for the poor…” Thus, ADB’s conception of what

constitutes good governance and capacity building is geared towards the promotion of market institutions and practices that will facilitate, enable and favor private over public investment even in the provision of goods and services that responsible governments owe to their constituencies.

Many Asian economies lack the fiscal resources to provide these services but ADB aggravates this lack of fiscal capacity by aggravating the debt burdens of developing Asia without producing meaningful development results.

In fine, The Asian Development Bank is not a genuine development actor, it is a profit enabling and a profit taking institution!