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Establishment |
1966 |
Head office |
Manilla, Philippines |
Membership |
68 shareholding members including 49 from the Asia and Pacific region |
Purpose |
To provide prosperity, inclusivity, resilience, and sustainability to Asia and Pacific along with eradication of poverty |
Strategy 2030 for ADB |
Strategy 2030 sets the course for the Asian Development Bank (ADB) to respond effectively to the region’s changing needs. Under Strategy 2030, ADB will sustain its efforts to eradicate extreme poverty and expand its vision to achieve a prosperous, inclusive, resilient, and sustainable Asia and the Pacific |
Indian Status |
Founding Member |
Recent India and ADB tiesups |
· ADB and India have signed a loan of $206 million to strengthen urban services in 5 Tamil Nadu cities · Asian Development Bank (ADB) has listed its 10-year masala bonds worth Rs 850 crore on the global debt listing platform of India INX · Asian Development Bank (ADB) had prepared a Conceptual Development Plan (CDP) for Vizag-Chennai Industrial Corridor (VCIC) · ADB has offered to provide USD 4 million to member countries to contain coronavirus outbreaks. · The Asian Development Bank (ADB) will provide Rs 100 crore loan to hospital chain Medanta for healthcare services and medical equipment to fight the COVID-19 pandemic. The project will support the purchase of personal protective equipment, basic hygiene products, and patient care equipment such as ventilators and beds.
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