Baku, Azerbaijan, May 4
Trend:
President of Azerbaijan Ilham Aliyev and his spouse, First Lady Mehriban Aliyeva are taking part in the opening of the session of the 48th annual meeting of the Board of Governors of the Asian Development Bank in Baku May 4.
ADB, founded in 1966, has 67 members. Its headquarters is located in Manila, the capital of Philippines.
Azerbaijan became the ADB member on Dec. 22, 1999 and the country's share in the bank's capital is 0.5 percent.
ADB's leading shareholders are Japan and the US (31.2 percent of the total share capital), India and China (12.8 percent), Australia, South Korea and Canada (16 percent) and others.
