CURRENT AFFAIRS

Detailed explanation-1: -MANILA, PHILIPPINES (3 May 2018)-The Asian Development Bank (ADB) and the Republic of Korea today signed two agreements that will enhance joint efforts to provide additional financing and technical assistance to ADB’s developing member countries.

Detailed explanation-2: -The Korea Development Bank is wholly owned by the Korean government. Korea Development Bank does not have a complaints or grievances mechanism for individuals or communities that might have been affected by the bank’s finance.

Detailed explanation-3: -ADB assists its members, and partners, by providing loans, technical assistance, grants, and equity investments to promote social and economic development.

Detailed explanation-4: -KODBKRSE001 BIC / SWIFT Code-KOREA DEVELOPMENT BANK, THE South Korea-Wise.

Detailed explanation-5: -The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines. The bank also maintains 31 field offices around the world to promote social and economic development in Asia.