Asian Development bank : President & Members - Diplomacy and International relations
Q. Consider the following statements related to Asian Development bank
1. The president has always been Japanese.
2. Turkey is a member of ADB.
3. Iran is a member of ADB.
Which of the above statements are true? - Published on 10 Jun 15a. 1,2
b. 2,3
c. 1,3
d. All
ANSWER: 1,2
The Asian Development Bank (ADB) will increase lending to India by a third from nearly $3 billion a year to $4 billion a year during the three years ending 2018 because of India's strong repayment record and the bank's need to streamline its lending following the emergence of newer bodies such as the Asian Infrastructure Investment Bank (AIIB).
