Consider the following statements about Asian Development Bank 1 ...........

International Affairs International Institutions

Consider the following statements about Asian Development Bank

1. ADB is a regional development bank headquartered in Manila, Philippines.

2. It admits the members of the UN Economic and Social Commission for Asia and the Pacific and non-regional developed countries.

3. Voting is based on ‘One Member-One Vote’ System.

Which of the above statement(s) is/are correct?

1 only

1 and 2 only

1 and 3 only

1, 2 and 3

• The voting system is modeled closely on the World Bank where votes are distributed in proportion with members' capital subscriptions.

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