Asian Development Bank Subject – IR Context – India seeks vaccine loans from ADB and AIIB Concept – ADB is a regional development bank established on 19th December 1966. ADB now has 68 members, 49 from within Asia. India is a founding member. The bank admits the members of the United Nations Economic and Social Commission for […]

Subject: International Organization Context: The Asian Development Bank has approved a $300 million policy-based loan to Pakistan to help promote macroeconomic stability in the cash-strapped country. 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 […]

Subject : International Organisations Context : The Asian Development Bank (ADB) on Tuesday said it had allocated $20.3 million in aid to developing member countries to access COVID-19 vaccines and establish systems to enable equitable vaccine distribution. Concept : Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, which is […]

Subject: IR Context: Election Commissioner Ashok Lavasa, who was next in line to become the chief election commissioner in 2021 resigned from his post to join the Asian Development Bank. Concept: ADB was conceived in the early 1960s as a financial institution that would be Asian in character and foster economic growth and cooperation in one […]