What is the Asian Development Bank (ADB) and what is its role in promoting economic development in Asia?

Global Economic Organizations Questions



80 Short 62 Medium 51 Long Answer Questions Question Index

What is the Asian Development Bank (ADB) and what is its role in promoting economic development in Asia?

The Asian Development Bank (ADB) is a regional development bank that aims to promote economic development and reduce poverty in Asia and the Pacific region. It provides financial assistance, technical expertise, and policy advice to its member countries. The ADB supports various sectors such as infrastructure development, education, healthcare, agriculture, and environmental sustainability. Its role includes financing projects, facilitating regional cooperation, promoting inclusive growth, and fostering sustainable development in the region.