{"id":12831,"date":"2026-05-05T15:55:32","date_gmt":"2026-05-05T10:25:32","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=12831"},"modified":"2026-05-05T16:48:16","modified_gmt":"2026-05-05T11:18:16","slug":"asian-development-bank-adb","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/asian-development-bank-adb\/","title":{"rendered":"Asian Development Bank"},"content":{"rendered":"<h2><b>Asian Development Bank Latest News<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Recently, the Asian Development Bank announced a $70 billion programme to expand energy and digital infrastructure across the \u200bAsia-Pacific region by 2035.<\/span><b>\u00a0<\/b><\/p>\n<h2><b>About Asian Development Bank<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is a <\/span><b>multilateral development bank<\/b><span style=\"font-weight: 400;\"> established on 19th <\/span><b>December 1966.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is the principal international development finance institution for the <\/span><b><a href=\"https:\/\/vajiramandravi.com\/upsc-exam\/indo-pacific-region\/\" target=\"_blank\">Asia-Pacific region<\/a>.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It envisions a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty in the region.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Its membership is <\/span><b>open to other regional countries and non-regional developed<\/b><span style=\"font-weight: 400;\"> countries that are members of the U.N. or of any of its specialized agencies.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Members:<\/b><span style=\"font-weight: 400;\"> 69 (50 regional, 19 non-regional).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Headquarters:<\/b><span style=\"font-weight: 400;\"> Manila, Philippines.<\/span><\/li>\n<\/ul>\n<h2><b>Governance of Asian Development Bank<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Board of Governors<\/b><span style=\"font-weight: 400;\">: One representative from each member country; top policy-making body.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Board of Directors:<\/b> <b>Twelve directors<\/b><span style=\"font-weight: 400;\"> manage operations; eight from regional members, four from non-regional members.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>President:<\/b><span style=\"font-weight: 400;\"> Chairs the Board of Directors and manages ADB<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Voting System:<\/b><span style=\"font-weight: 400;\"> Weighted voting based on <\/span><b>each country\u2019s capital contribution.<\/b>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Key Shareholders:<\/b><span style=\"font-weight: 400;\"> Five shareholders are <\/span><b>Japan and the USA<\/b><span style=\"font-weight: 400;\"> (each with 15.6% of total shares), China (6.4%), <\/span><b>India (6.3%),<\/b><span style=\"font-weight: 400;\"> and Australia (5.8%).<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><b>Functions of Asian Development Bank<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Provides Loans:<\/b><span style=\"font-weight: 400;\"> It provides loans and grants to member countries for development projects in infrastructure, social sectors, and environmental sustainability.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Technical Assistance:<\/b><span style=\"font-weight: 400;\"> It offers technical assistance and advisory services to improve policy-making, governance, and institutional capacity.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Regional Cooperation:<\/b><span style=\"font-weight: 400;\"> It promotes regional cooperation and integration by funding cross-border projects and encouraging trade and investment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Supports private sector:<\/b><span style=\"font-weight: 400;\"> It supports development of private sector by providing financing, guarantees, equity, and mezzanine funds for socially beneficial projects.<\/span><\/li>\n<\/ul>\n<p><strong>Source: <a href=\"https:\/\/www.reuters.com\/sustainability\/climate-energy\/adb-launches-70-billion-plan-energy-digital-infrastructure-asia-pacific-2026-05-03\/\" target=\"_blank\" rel=\"nofollow noopener\">Reuters<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asian Development Bank (ADB), established on 19th December 1966, is a multilateral institution that supports economic growth and development in Asia-Pacific.<\/p>\n","protected":false},"author":5,"featured_media":101905,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[681,21,23],"class_list":{"0":"post-12831","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"tag-asian-development-bank","9":"tag-prelims-pointers","10":"tag-upsc-prelims-current-affairs","11":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/12831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=12831"}],"version-history":[{"count":5,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/12831\/revisions"}],"predecessor-version":[{"id":101993,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/12831\/revisions\/101993"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/101905"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=12831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=12831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=12831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}