Asked in a 1970 paperModerate

Asian Development Bank (ADB) was established to stimulate growth in Asia and Far East by direct loans and technical assistance. It was founded in:

Correct answer: C. 1966

  • A. 1950
  • B. 1960
  • C. 1966
  • D. 1970

Explanation

The ADB was established in 1966 to support economic development through loans, grants and technical assistance. It began operations in the same year from its headquarters in Manila.

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