The Asian Development Bank (ADB) is a multilateral development finance institution
founded in 1966 to promote social and economic progress in its developing member
countries in Asia and the Pacific (see ADB’s website: http://www.adb.org/about/main).
2.2 ADB’s principal functions are
- lending funds,
- providing grants,
- providing technical assistance and advisory services,
- promoting investments for development purposes, and
- assisting in coordinating the development policies and plans of developing
member countries.
Inquiries
2.3 Loan disbursement is handled by the Loan Administration Division of the Controller’s
Department.
2.4 For loan service payments and billing matters, inquiries are addressed to the
Accounting Division of the Controller’s Department.
Loan or Grant Regulations
3.4 The regulations4
further set out conditions for the use of loan or grant proceeds
financed by ADB, or proceeds administered by ADB.
5
These documents are expressly
incorporated in the associated loan agreement, guarantee agreement, or grant
agreement. If any provision of a loan agreement, guarantee agreement, or grant
agreement is inconsistent with a provision of these regulations, the provision of the
loan agreement, guarantee agreement, or grant agreement governs.
Loan Documents
3.5 Loan documents
6
include the following documents and agreements:
ȕ Thereport and recommendation of the President to the Board of Directors
(RRP) presents the project proposal for consideration by the ADB Board.
ȕ Theproject administration manual (PAM)
7
includes all the information and
schedules describing project implementation and project readiness filters
covering major preproject implementation actions (e.g., government approvals,
procurement, and resettlement) to ensure a rapid start-up and enable early
disbursement. It is mandatory
8
that the PAM be referenced in the RRP and in
the loan (or facility) agreements, is presented as a stand-alone linked document
to the RRP, and serves as the main document describing implementation details.
The PAM is prepared in the course of loan processing and initially agreed with
the government at the loan fact-finding stage. At loan negotiations, the borrower
and ADB shall review and confirm the PAM agreed during loan fact-finding to
ensure consistency with the loan agreement, and such confirmation shall be
reflected in the minutes of the loan negotiations. The detailed cost estimate by
financier (one schedule included in the PAM) is prepared based on Section J6 of
the ADB Operations Manual (Appendix 3A).
9
Related illustrative tables are also
provided in this handbook (Appendix 3B).

How safe is your money in a bank?

9:45 AM    


Step 3:Review banks and credit unions relative to providing services, receiving deposits, and making loans. Discuss the services offered: checking and savings accounts, certificates of deposit, overdraft protection, ATM cards and access points, check cards, mortgages loans, credit cards, account service fees, and other services. Have students place a check mark in the column of the financial institution that provides the services listed in the following table. Step 4:Have students complete the signature card required when opening a checking and savings account. The students may make up their own account number. Step 5:Have each student complete a deposit slipfor both a checking and savings account. The students can make up their own account numbers. Enrichment/Differentiation Ideas: Have students open a real savings account at the localbank or credit union. Have students create a spreadsheet that will track their deposits and withdrawals and provide them with an account balance. Allow them to ignore service fees which are often based on the number of transactions a customer makes per month or the balance in a savings account. Have students engage in role-playing as individuals and customerservice representatives at a financial institution. Ask students to begin creating their own personal financial folders that will hold all of the documents created during this series of lessons. Have students create a classroom bank to simulate all the activities and services a bank offers its customers. This “Classroom Bank” can be used for all of the lessons in this series. Assessment Ideas: Verify that the students have completed the signature card and deposit slips correctly. Some other questions to ask include the following: 1. Are you going to be using the account often or are you saving for something in particular? (Checking or savings account) 2. If you are saving for something in particular, how long can you wait to purchase this item? (CD?) 3. Will you be traveling and need to make electronic withdrawals outside your local area? (ATM or check card) Middle and Secondary Division Page 3 of 37 NC Department of Public Instruction January 2008 Middle and Secondary Division Page 4 of 37 NC Department of Public Instruction January 2008 4. Will you need to borrow any money? How much and for how long? (Mortgage or Personal/Auto Loan) 5. Do you have any valuable documents that need safe keeping? Do you have a fireproof area at your home? (Safe Deposit Box) Additional Resources: For Students: http://money.howstuffworks.com/bank.htm this link offers 15 links on what a bank is and how it works: 1. Introduction to How Banks Work 2. What is a bank? 3. Why does banking work? 4. Types of Banks 5. How do banks make money? 6. How do you start your own bank? 7. Starting a Bank: Directors 8. Starting a Bank: Market and Location 9. Starting a Bank: Raising Money 10. Starting a Bank: Charter Application and Other Details 11. How safe is your money in a bank? 12. Checking Accounts 13. Loans, Checks and Savings 14. Lots More Information 15. See all Financial Planningarticles http://money.howstuffworks.com/question726.htmThis link offers a discussion of what savings accounts and interest are. http://money.howstuffworks.com/bank11.htmThis links to the segment about checking accounts referenced in Link #12 above. For Teachers: http://www.practicalmoneyskills.com/english/at_school/This link will take you to the Practical Money Skills for Life website that is full of teacher resources from lesson plans through student activities. Practical Money Skills also provides sections on financial literacy at home and at work. You can register to access the complete library of teacher/student materials. Registration is free!