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Why Did Asian Region Bank Draw 1,000 to Its Meeting.?

By: Mendelsohn, M. S. | American Banker, May 1, 1984 | Article details

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Why Did Asian Region Bank Draw 1,000 to Its Meeting.?


Mendelsohn, M. S., American Banker


AMSTERDAM -- Easily the most colorful figure at last week's annual meeting of the Asian Development Bank here was Gerrit Fokkema, resplendent in his blue, red, and gold uniform and his plumed helmet as he conducted the Amsterdam police band for the arrival of Queen Beatrix.

More intriguing for a visitor seeing the bank close up for the first time was a simple question: Do regional development banks like this one make any useful contribution to their member countries and the world economy? The short answer seems to be yes, because the contribution, while small, is at that all-important margin where every little bit helps. And the presence of nearly 1,000 international commercial and investment bankers was evidence of the banking system's material interest.

The Asian Development Bank is …

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