Asia: Self-Help with Outside Help

With 32 depositor nations among its members, the Manila-based Asian Development Bank, in the 18 months of its lifetime, has sought to prove its own stability in an area of economic turmoil. Its funds — partly kept on demand in 44 world banks-— earned interest of $4.5 million in 1967 while a multitude of possible investments were being cautiously evaluated. "We are new boys in this business," says Bank President Takeshi Watanabe, 62, of Japan, "and we must be sure of what we are doing."

Thai Fish. If all goes well, the bank by 1971 will have a capitalization of...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!