Full form ?
Asian Development Bank (ADB)
When was it established ?
1966 , HQ - Phillipines
Aim ?
To promote social and economic development in Asia
Loans offered by ADB ?
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
Largest borrowing countries ?
China, India , Pak , Bangladesh
Major donors ?
Japan and USA
Context ?
It has given its largest lending till date to India amidst COVID crisis