Catalog

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A Generation of Growth

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The Inoue Years (1972-1976)

In 1972, Shiro Inoue was appointed as the Bank's second President. Under Inoue, lending commitments rose steadily from $316 million in 1972 to $776 million in 1976. In response to the economic dislocation of the first oil crisis on the region's developing countrIes, the Bank supported the development of indigenous energy resources, and dam projects for electricity generation.

Membership continued to grow -- Bangladesh and Myanmar joined in 1973, followed by a number of Pacific Island countries seeking membership after gaining independence. In 1974, the Asian Development Fund (ADF) was established to streamline the Bank's means for financing concessional loans.

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