The headquarter of Asian Development Bank is located in _____.
Show answer & explanation
Correct answer: A
Explanation
The headquarters of the Asian Development Bank (ADB) is located in Manila, the capital of the Philippines.
It was established in 1966 to foster the economic development of the Asia-Pacific region.
The objective of the ADB is to reduce poverty and promote development within its member countries.
It provides loans, technical assistance, and grants to various nations.
India is also a key member country of the ADB.
The ADB invests in the infrastructure, education, energy, and transport sectors.
It promotes regional cooperation and economic integration.
With its headquarters situated in Manila, it is centrally located within the Asian region.
Thus, the ADB plays a significant role in the development of Asia.