#Prelims2021 #2MinRead

Asian Development Bank

Recently, ADB & India signed $270 million loan to improve urban services in Madhya Pradesh small cities.

- a regional development bank.
- established in 1966.
- HQ - Manila, Philippines.
- official United Nations Observer.

- Members - 68 (49 from Asia)
admits the members of the United Nations Economic and Social Commission for Asia and the Pacific and non-regional developed countries.

Voting
similar to World Bank, weighted voting system (votes are in proportion with members’ capital subscriptions)