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Asian Development Bank (ADB) (five core areas of operations…
Asian Development Bank (ADB)
promote social and economic development in Asia
HQ :red_flag: Manila, Philippines
established in 1966
67 members
48 from Asia
19 outside
shareholders
Japan 15.7%
USA 15.6%
China 6.5%
India 6.4%
Australia 5.8%
publishes Asian Development Outlook Supplement
upto 4 billion dollars annual loans to India
Solar Rooftop Investment Program in India
cost $1 billion
install solar rooftop system of around 1 GW capacity.
the goal set by Government of India to increase the country’s solar rooftop capacity by 40 GW by 2022
Clean Technology Fund under WB
It offers both Hard Loans and Soft loans. The ADB offers “hard” loans from ordinary capital resources (OCR) on commercial terms
the Asian Development Fund (ADF) affiliated with the ADB extends “soft” loans from special fund resources with concessional conditions.
five core areas of operations
infrastructure
environment, including climate change
regional cooperation and integration
finance sector development
education