ADB Full Form

What is the full form of ADB?

ADB stands for Asian Development Bank. It is a financial organisation that supports the development of society and the economy in the Asia-Pacific area. It was created to end poverty, promote economic growth, and promote collaboration across Asia and the Pacific. It provides loans, grants, and technical assistance to help member countries' socioeconomic development. It was established on December 19, 1966, with headquarters in the Philippine city of Mandaluyong in Metro Manila. There are 68 members total, of which 49 are from within Asia and the Pacific and 19 outside. In addition to providing consulting services, the ADB frequently encourages policy discussions.

Objectives Of ADB

The ADB's principal goal is to grow member nations' economies while reducing the number of people living in poverty. Second, the nation's social and economic development coexist. Both share equal accountability for growth. The goal of the Asian Development Bank is to support human development. Lastly, they established themselves as supporting women in all situations and improving their place in society.

Funding Of ADB

Governments, charities, businesses, philanthropists, and local organisations are the usual sources of funding for non-profit, governmental entities. The Asian Development Bank (ADB) is an AAA-rated organisation that raises money by selling bonds on international capital markets.