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With reference to the Asian Development Bank (ADB), consider the following statements: 1. ADB has 68 member nations. 2. The headquarter of ADB is in Tokyo. 3. Japan is one of the largest shareholders of the bank. 4. ADB does not have any members from outside Asia. Which of the statements given above is/are correct?

With reference to the Asian Development Bank (ADB), consider the following statements: 1. ADB has 68 member nations. 2. The headquarter of ADB is in Tokyo. 3. Japan is one of the largest shareholders of the bank. 4. ADB does not have any members from outside Asia. Which of the statements given above is/are correct? Correct Answer 1 and 3 only

The correct answer is ​1 and 3 only.

Key Points

  • ADB was established in 1966 as a financial institution that would be Asian in character and foster economic growth and cooperation in one of the poorest regions in the world.
  • The headquarter of ADB is in Manila, Philippines. Hence, statement 2 is not correct.
  • From 31 members at its establishment in 1966, ADB has grown to encompass 68 members of which 49 are from within Asia and the Pacific and 19 outside. Hence, statement 4 is not correct.
  • Japan and the USA are the largest shareholders in ADB.
  • Traditionally, the president of ADB has always been Japanese.
  • Asian Development Outlook, reports published by ADB.

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