- The Government of India and the Asian Development Bank (ADB) signed a 125 million dollar loan agreement to enhance urban livability and bolster climate resilience in six district headquarters and Guwahati, in the State of Assam.
- Formation: Established in 1966.
- Headquartered: Manila, Philippines.
- Members: Owned by 68 members.
- Aim: To promote social and economic development in Asia and the Pacific.
- Objectives:
- It is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific while sustaining its efforts to eradicate extreme poverty.
- Further, it assists members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development.
- ADB’s five largest shareholders are Japan and the United States (each with 15.6% of total shares), the People’s Republic of China (6.4%), India (6.3%), and Australia (5.8%).