Category : International Relations
Title: International Organisations
Asian Development Bank or ADB is an important international organisation that affects India and other nations, especially in the financial sector. It is also seen in the news frequently, which makes it relevant for UPSC preparation. This article briefs you about ADB for the IAS Exam.
Asian Development Bank (ADB) was established in the year 1966, with head office at Manila (Philippines). It has 67 members from Asia Pacific region. This bank modeled on the lines of the world bank. Japan holds the largest share in ADB with 15.7%, followed by U.S.A, China, and India. Takehiko Nakao from Japan is the present president of this bank. The aim of the ADB is social development by reducing poverty in Asia Pacific with inclusive growth, sustainable growth and regional integration. This is carried out through 80% investment in the public sector. ADB invests in infrastructure, health, public administration system, helping nations to reduce the impact of climate change and to manage natural resources.
Consider the following statements:
- Japan is the country with maximum share in ADB followed by U.S.A
- All the Ex-presidents and present president Takehiko Nakao of ADB are from Japan.
Which of the following is/ are correct?
A) 1 only
B) 2 only