ForumIAS announcing GS Foundation Program for UPSC CSE 2025-26 from 19 April. Click Here for more information.
ForumIAS Answer Writing Focus Group (AWFG) for Mains 2024 commencing from 24th June 2024. The Entrance Test for the program will be held on 28th April 2024 at 9 AM. To know more about the program visit: https://forumias.com/blog/awfg2024
News:India and Asian Development Bank(ADB) has signed $200 million loan agreement for upgrading rural roads in 34 districts of Maharashtra to improve road safety.
Facts:
About Asian Development Bank(ADB):
- The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966.
- ADB is headquartered in Manila, Philippines.It aims to promote social and economic development in Asia.
- It assists its members and partners by providing loans, technical assistance, grants and equity investments to promote social and economic development.
- ADB has 67 members, of which 48 are from within Asia and the Pacific and 19 outside.
- Japan and US holds the largest proportion of shares in ADB followed by China, India and Australia. ADB is also an official United Nations Observer.
