Sunday, 11 December 2022

Asian Development Bank

  • Asian Development Bank ADB is a regional development bank established in 1966. 
  • It has 68 members. 
  • India is a founding member. 49 are from within Asia and the Pacific and 19 outside. 
  • It aims to promote social and economic development in Asia and the Pacific
  • As of 31st December 2019, ADB’s five largest shareholders are Japan and the United States (each with 15.6% of total shares), the People’s Republic of China (6.4%), India (6.3%), and Australia (5.8%)
  • It is headquartered in Manila, Philippines.

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