Asian Development Bank:
The Asian Development Bank (ADB) recently retained India’s GDP growth forecast for the current financial year at 7%.
- Asian Development Bank (ADB) is a multilateral development bankestablished on 19th December 1966.
- It is the principal international development finance institution for the Asia-Pacific
- It envisions a prosperous, inclusive, resilient, and sustainable Asia and the Pacific while sustaining its efforts to eradicate extreme poverty in the region.
- It provides assistance to its developing member countries, the private sector, and public-private partnerships through grants, loans, technical assistance, and equity investments to promote social and economic development.
- ADB maximizes the development impact of its assistance by facilitating policy dialogues, providing advisory services, and mobilizing financial resources through cofinancing operations that tap official, commercial, and export credit sources.
- Headquarters: Manila, Philippines.
