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PYONGYANG UNLIKELY TO BE ADMITTED TO ADB SOON: BANK PRESIDENT.
MANILA, May 3 Asia Pulse - North Korea is unlikely to join the Asian Development Bank (ADB) for the time being due to opposition from the United States and Japan, the bank's top official said Sunday.
"North Korea wants to join the ADB, but there is no consensus among member countries on it," ADB President Tadao Chino said in a meeting with Korean reporters.
Pyongyang has been trying to join the ADB since 1990 to boost economic cooperation with Asian countries and secure development funds, but there is no progress yet, he said.
Touching on the possibility of ADB humanitarian aid to the North, Chi said, "It is impossible to assist North Korea on any grounds because it is not a member country."
Yoon Jeung-hyun, a South Korean director of the ADB, said Washington and Tokyo are the most vocal opponents of ...
- North Korea Applies for Accession to ADB.
- Newspaper article from: Korea Times (Seoul, Korea) September 2, 2000 700+ words
North Korea has applied for...Development Bank (ADB) early this week...Manila-based ADB headquarters...no obstacle for North Korea's accession...sponsors. In 1997, North Korea had lodged a similar...application with the ADB, but had fa led...
- CALL FOR ADB TO OFFER AID TO NORTH KOREA.
- News wire article from: AsiaPulse News May 11, 2001 700+ words
...Asian Development Bank (ADB) to join Seoul's efforts...help cash-strapped North Korea successfully push ahead...addressing an annual ADB being held here, said...institutions, such as the ADB, to join South Korea...international community and North Korea need to promote ...
- Korea Urges Asian Nations to Approve North Korea's ADB Membership.
- Newspaper article from: Korea Times (Seoul, Korea) April 6, 2000 700+ words
...urged Asian nations to approve North Korea's membership in the Asian Development...during a keynote speech at the ADB's 33rd annual meeting at Chiang...that other Asian nations help North Korea become a member of the ADB,'' he added. Lee's message...
- Coming in from the cold. (North Korea's application for membership to the Asian...
- Magazine article from: The Banker Rowley, Anthony May 1, 1997 700+ words
...it would support North Korea's application for ADB membership and China...Pyongyang's behalf. ADB officials declined...to THE BANKER that North Korea is "more actively...can persuade its ADB partners to accept North Korea as a member (sweetening...
- North Korea's troubled road to the IMF.
- News wire article from: United Press International October 25, 2002 700+ words
...s political environment. North Korea remains a closed society...normalize relations with Japan. "North Korea's bid to join the ADB (last year was) vetoed...said. But it is clear that North Korea is in dire financial straits...
- NORTH KOREA APPLIES TO JOIN ASIAN DEVELOPMENT BANK.
- News wire article from: AsiaPulse News September 1, 2000 700+ words
...application for membership from North Korea, ADB and South Korean government sources said Friday. North Korea is looking to gain access to...nations were notified by the ADB on receipt of North Korea's request. South Korea is...
- FKI Seeks Investment Guarantees, Joint Entry Into North Korea.
- Newspaper article from: Korea Times (Seoul, Korea) April 12, 2000 700+ words
...financing projects in North Korea although such investments...are pursuing business in North Korea, the first of which would...with the IBRD and the ADB,'' said deputy executive...and business projects in North Korea will have to involve equity...
- IMF Indicates Bailout Loan for North Korea.
- Newspaper article from: Korea Times (Seoul, Korea) April 19, 2000 700+ words
...a possibility for a bailout package for North Korea. David Coe, senior resident representative...the other organizations like World Bank, ADB or the U.N.,'' he said. For Pyongyang...revealed in its unsuccessful 1997 bid for the ADB membership and its unconfirmed attempt...