ADB

Subject: International Organisations

Context : ADB Approves USD 484 Mn Loan To Improve Transport Connectivity At CKIC In Tamil Nadu.

Concept :

ADB is a regional development bank established on 19th December 1966.
ADB now has 68 members, 49 from within Asia.
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 aims to promote social and economic development in Asia.
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.
ADB is headquartered in Manila, Philippines.