Asian Development Bank (ADB) Explained
The Asian Development Bank (ADB) is a regional development bank established in 1966 to promote social and economic development in Asia and the Pacific. It is headquartered in Manila.
The Asian Development Bank (ADB) is a regional development bank established in 1966 to promote social and economic development in Asia and the Pacific. It is headquartered in Manila.
Role
ADB provides loans, technical assistance and grants for infrastructure, education, health and environmental projects, and works to reduce poverty in the region.
India and ADB
India is a founding member and a major borrower, using ADB financing for infrastructure and development projects.
Why it matters for UPSC
ADB's headquarters (Manila), founding year and development role are commonly tested facts.
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Where is the ADB headquartered?
In Manila, Philippines.
What is the ADB's main aim?
To promote social and economic development and reduce poverty in Asia and the Pacific.