Notes

(i) As provided in ADB Board of Directors’ Paper on the Establishment of the Asian Development Bank Institute, this Statute came into force in October 1996.

(ii) The Inaugural Meeting of the Institute was held at Tokyo on 10 December 1997 and the Institute commenced operations on the same day.

(iii) Amendment History. In regard to Article IV, with effect from 15 April 1998, the term of office of the members of the Advisory Council was reduced to two (2) years, and the number of distinguished practitioners or scholars was increased to six (6) members, with a corresponding reduction to one (1) in the number of members from among senior staff of the Bank. (Board No-Objection Paper R53-98 of 25 March 1998).

In connection with the empowerment of the Institute to function as a trust fund administrator, the following amendments were approved by the Board of Directors of the Bank with effect from 11 March 2004 (Board No- Objection Paper R33-04 of 1 March 2004) :

• In regard to Article V.3(h), the words "trust funds," were inserted immediately before the words "voluntary contributions".
• Article VII was amended by inserting a new paragraph 4(a) and the original paragraph 4 was redesignated subparagraph (b).
• In regard to Article VIII, the word “principal” was inserted immediately before the word "office" and the following phrase was added at the end "and may establish, with the approval of the President of the Bank, such facilities, agencies and branches elsewhere as may be necessary".