Full Form of ADB – Asian Development Bank

what is the full form of ADB

What is the Full Form of ADB

Full Form of ADB

The full form of ADB is the “Asian Development Bank”. ADB is a regional development bank, its goal is to achieve a stable, healthy, versatile, and sustainable Asia and the Pacific while at the same time supporting and strengthening its efforts to reduce enormous poverty across the globe.
In Asia and the Pacific, ADB was founded to reduce poverty and foster economic growth, development, and mutual support between Asian Countries. It promotes social and economic growth and development in involving countries by providing loans, grants, and technical support. It comprises 67 members, including 48 from the Asia-Pacific region. Know more at wiki.

A brief history of ADB

We have discussed the full form of ADB in the previous section. Here we have discussed some of the historical facts related to ADB.
  • In the 1960s, the idea of the ADB was established. Subsequently, a decision on installing the ADB was agreed upon at the 1963 First Ministerial Conference on Asian Economic Cooperation.
  • On 19 December 1966 ADB was established with a 31-member committee and Takeshi Watanabe became the very first president of ADB.
  • In the early stages, ADB had been focused on food processing and agricultural growth.
  • The Asian Development Fund was established in 1974 to lend money accessible to the weakest nation member at low interest.
  • The first field office in Bangladesh was established in 1982 to get closer to the needy people.
  • In mid-1997, during the region’s financial crisis, it started projects to enhance the banking industry, i.e. approving the Republic of Korea’s single most significant loan worth $4 billion per year.
  • In 2004, it invested over $800 million in the rehabilitation of Tsunami-hit areas in India, Sri Lanka, Maldives, and Indonesia.
  • In 2008, a new global policy structure ‘Strategy 2020’ was launched to function in response to the region’s growing needs.
  • A mid-term systematic review of Strategy 2020 was published in 2014, and several operational improvements were initiated to improve company processes and become stronger and better.

ADB Focus Areas

We are now discussing the primary focus area of the ADB. The full form of ADB is described above. The fields in which ADB operations offer significance are as follows
  1. Environment
  2. Regional integration
  3. Infrastructure
  4. Finance Sector development
  5. Education.

What is the full form of ADB in Hindi?

The full form of ADB in Hindi is”एशियाई विकास बैंक”.

What is the full form of ADB in Economics?

The full form of ADB in economics is “Asian Development Bank”.

Our Vision

KitabDukan is a startup that stands on a vision to create an ecosystem for students where they can get good quality books for several top exams of India like JEE, books for JEE, books for NEET preparation, UPSC specific books, SSC top book collection, and many more. We at KitabDukan have the vision to create a smooth platform for students and professionals together to connect them on a single platform to make the learning and teaching process very unique and smooth. We have connected several top institutes of Jaipur, Patna, Banaras, and other cities for exams like JEE, UPSC, SSC, Banking, Railways, and many more exams. We focus to provide a good quality of books and handwritten notes all over India by which the students who belong to the low economy section can also get notes and books at their place through us. KitabDukan aims to become a platform to become an all-time solution for students all over India.

What KitabDukan Offers

We at KitabDukan avail the complete notification related to the examination. We provide a space on our website where they can find the previous year’s question papers. Also, we have a collection of quality books which they can buy from our website to prepare well. We also provide full-time customer care support to our premium users through a career counseling program.

Note: – At KitabDukan, We avail the complete information starting from the latest exam notification, and complete syllabus, and then we provide you the complete list of important books which are needed for exams. In this article, we have demonstrated the full form of ADB along with the needful information related to ADB.

Leave a Reply

Your email address will not be published.