CURRENT AFFAIRS

Detailed explanation-1: -The Asian Development Bank (ADB) is a regional development bank headquartered in Manila, Philippines. The bank was set up in 1966 under the leadership of Japan as one of the first industrialized states in Asia.

Detailed explanation-2: -Members. 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.