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Adb Description:
ADB stands for Asian Development Bank. It is a regional development bank that is Asian in character. It was established to reduce poverty and foster economic growth and cooperation in Asia and the Pacific. It assists in the socio-economic development in member countries by providing loans, grants and technical assistance. It has 67 members, 48 of which are from Asia and Pacific region. It is headquartered at Mandaluyong, Philippines and as of July 2017, Takehiko Nakao is the president of ADB.
ADB operations give emphasis on the following areas:
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