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).

LEADING NONLIFE INSURANCE COMPANIES

5:23 PM    


Bahamas
LEADING NONLIFE INSURANCE COMPANIES, 2012
Source: Axco InsuranceInformation Services.
LEADING LIFE INSURANCE COMPANIES, 2008
Gross written premiums
Company  USD Mn
Colina Imperial  147.4
Family Guardian  73.3
Atlantic Medical  67.5
British American  19.4
Generali Worldwide  17.5
Capital Life  6.6
Metlife  6.5
Laurentide  5.0
Sirius  2.0
Sagicor  0.8
Source: Axco InsuranceInformation Services.
Gross written
premiums
Company  USD Mn
Bahamas First General  103.9
RoyalStar Assurance  64.9
Insurance Company of The
Bahamas
43.3
Summit  35.6
Security and General  25.4
ICWI Bahamas  3.0
INSURANCE ASSOCIATION
Bahamas General Insurance Association
Web: www.bahamasinsurance.org
POPULATION, 2011-2014 (1)
Year  Population
2011  313,312
2012  316,182
2013  319,031
2014  321,834
(1) Estimated.
Source: U.S. Central Intelligence Agency.
GROSS DOMESTIC PRODUCT, 2009-2013 (1)
Year  GDP
2009  $9.2
2010  9.1
2011  8.9
2012  10.8
2013  11.4
(1) Based on Purchasing Power Parity calculations, which take
into account the relative cost of living and inflation rates of
countries. GDP estimate for July for each year shown.
Source: U.S. Central Intelligence Agency.
LIFE AND NONLIFE INSURANCE PREMIUMS, 2013
(U.S. $ millions)
Direct premiums
written
Nonlife premiums (1)  $539
Life premiums  154
Total premiums  $693
Percent of total world
premiums
0.01%
(1) Includes accident and health insurance.
Source: Swiss Re, sigma, No. 2/2014.