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IDB
has three Asian member countries,
Japan,
the Republic of Korea and People's Republic of China.
Japan's
entry as a member of the IDB in 1976 formalized its growing economic
relationship with Latin America and the Caribbean as well as the
continuation of social and cultural ties that date back to the
start of Japanese emigration to the region in the late 19th century.
Latin America now has the largest group of ethnic Japanese outside
Japan itself, numbering over a million people.
The
Republic of Korea became member of the IDB in March, 2005, and
People's Republic of China became member of the IDB in January,
2009 signaling the growing ties between the Latin American and
Caribbean countries with Asia. Its entry into the IDB brought
not only additional resources to the institution, but also new
ideas on how to approach development issues, based on the Asian
experience of investments in education and technology, promotion
of small business, and emphasis on the expansion of trade.
Japanese,
Korean and People's Republic of China government representatives
sit on the 48-member Board of Governors, the IDB's highest authority,
which meets annually to make major policy decisions and review
operations.
Japan
represents on the 14-member Board of Executive Directors that,
together with the Bank President, is responsible for IDB operations
and administration.

Korea Signing
China -Signing
Other
than the Ordinary Capital, IDB is assigned to manage some of trust
fund from member countries to use for wide range of financial
and technical assistance. Japan
Trust Fund and Korean
Trust Fund are the major technical cooperation fund
at the Bank, which are applied for economy and social development.
IDB manages Japan-IDB
Scholarship Program and Japan
Program to tighten relationship between Asia and
Latin America/Caribbean.
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