Asian Development Bank

Indian Finance and Corporate Affairs Minister, who is the Asian Development Bank’s (ADB) Governor for India, recently participated in the Governors’ Seminar on “Cooperation for a Resilient Future”, held as part of ADB’s annual meeting 2021.

  • India appreciated the ADB for providing timely financial support for Covid and non-Covid projects.

About ADB

  • ADB is a regional development bank established on 19th December 1966.
  • Headquartered in Manila, Philippines, ADB now has 68 members, 49 from within Asia.
  • It aims to promote social and economic development in Asia.

Voting Rights

  • It is modeled closely on the World Bank, and has a similar weighted voting system ....
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