ADB Full Form ,
What is the full form of ADB?
|Asian Development Bank|
ADB Full Form – What is ADB
The full form of ADB is Asian Development Bank. It is called Asian Development Bank. It was established on 19 Dec 1966 and its headquarter is located in Manila Philippines. Friends, we hope that you have come to know about the full form of ADB, so now let’s get more general information about it.
The main objective of this bank is to develop everyone socially and economically. Asian Development Bank (ADB) is known as a regional development bank. It is a regional development bank which is Asian in character. It was established to reduce poverty and promote economic development and cooperation in Asia and the Pacific. This bank helps in socio-economic development in the member countries by providing loans, grants and technical assistance.
The Asian Development Bank (ADB) is a member of the UN Economic Commission for Asia and Far East now UNESCAP and non-regional developed countries. In today’s time, ADB Bank has 67 members, out of which 48 are from Asia and Pacific, currently both USA and Japan have 552,210 shares. Both of them have the largest share of the share which is 12.756 percent of the total.
The HQ of this bank is located at 6 ADB Avenue, Mandaluyong City, Metro Manila, Philippines and its Representative Office is located all over the world. ADB Bank has about 2,400 employees who are from 55 countries out of its 67 representative countries and more than half of the employees are from Philippines.
The highest policy-making body of ADB Bank is the Board of Governors, which is made up of one representative from each member country. In return, the Board of Governors chooses 12 members from their group as the Board of Directors and their assistants. Out of these 12 members, 8 members are taken from regional members Asia Pacific while others are from non-regional members.
ADB Areas of Focus
ADB operations emphasize on the following areas such as –
Finance Sector Development