ASIAN DEVELOPMENT BANK

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ADB releases Asian Development Outlook Report

 About: 

Established in 1966, ADB is a regional development bank that envisions a prosperous, inclusive, resilient, and sustainable Asia and the Pacific while sustaining its efforts to eradicate extreme poverty in the region.

ADB supports its members and partners through the provision of loans, technical assistance, grants, and equity investments aimed at advancing social and economic development.

• Headquarters:Manila, Philippines
• Members:It currently has 68 members of which 49 are from within Asia and the Pacific and 19 outside.
• ADB and India:India is a founding member of ADB and the bank’s fourth-largest shareholder.

ADB supports India’s priorities for robust, climate resilient, and inclusive growth, aligned with ADB’s Strategy 2030 and the country partnership strategy, 2023–2027.