Asian Development Bank (ADB)

 Asian Development Bank (ADB) : Recently, the Asian Development Bank (ADB) in its Asian Development Outlook (ADO) released on July 23, 2025, revised India’s GDP growth forecast for FY26 to 6.5%, down from the earlier estimate of 6.7%.

• About ADB : Established on December 19, 1966 and a Multilateral development bank.

  o Primary Role: Serves as the leading international development finance institution for the Asia-Pacific region ; Headquarters: Manila, Philippines

  o Vision: To build a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, with a continued focus on eradicating extreme poverty.

  o India’s Role: India is the largest recipient of ADB’s financial commitments among developing member countries, accounting for 14%, followed by China, Bangladesh, the Philippines, and Pakistan.

  o Key Priority Areas: Focuses on six core sectors aligned with the UN SDGs: Education, Health, Transport, Energy, Finance and Climate Change