Where is the headquarter of Asian Development Bank located?

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RRC Group D Previous Paper 65 (Held On: 24 Oct 2018 Shift 1)
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  1. Japan
  2. China
  3. Philippines
  4. Bharat

Answer (Detailed Solution Below)

Option 3 : Philippines
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Detailed Solution

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The correct answer is Philippines.

  • The Philippines is the headquarter of the Asian Development Bank.

Key Points

  • Asian Development Bank is an international development finance institution whose mission is to help its developing member countries reduce poverty and improve the quality of life of their people.
  • Asian development bank established in 1966, ADB is owned and financed by its 67 members, of which 48 are from the region and 19 are from other parts of the globe.
  • Under Strategy 2020, a long-term strategic framework adopted in 2008, ADB will follow three complementary strategic agendas: inclusive growth, environmentally sustainable growth, and regional integration. 
  • As of now January 2022 the president of the Asian development bank is Masatsugu Asakawa.

Key Points

Country Capital Currency
Japan Tokyo Japanese yen
China Beijing Renminbi
Philippines Manila Philippine peso
India New Delhi Indian rupee

 

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