29) ADB Flashcards
1
Q
Full form ?
A
Asian Development Bank (ADB)
2
Q
When was it established ?
A
1966 , HQ - Phillipines
3
Q
Aim ?
A
To promote social and economic development in Asia
4
Q
Loans offered by ADB ?
A
1) Hard loans (currency) on commercial terms primarily to middle income countries in Asia
2) Soft loans (loans with a below market rate of interest) to poorer countries in the region
5
Q
Largest borrowing countries ?
A
China, India , Pak , Bangladesh
6
Q
Major donors ?
A
Japan and USA
7
Q
Context ?
A
It has given its largest lending till date to India amidst COVID crisis
