Asian Development Bank president resigns: 18.9.2019

एशियाई विकास बैंक के अध्यक्ष ने की इस्तीफे की घोषणा

Points to Remember:

  • Asian Development Bank (ADB) said its President Takehiko Nakao has announced his resignation which will be effective from January 16 next year.
  • He became the President of ADB on April 28, 2013.
  • The new president will be elected in accordance with an open, transparent and merit-based procedure, ADB said in a statement.

About Asian Development Bank:

  • Motto: Fighting Poverty in Asia and the Pacific
  • Formation: 19 December 1966
  • Type: Multilateral Development Bank
  • Purpose: Social and Economic Development
  • Headquarters: Ortigas Center Mandaluyong, Metro Manila, Philippines
  • Region served: Asia-Pacific
  • Membership: 68 countries
  • President: Takehiko Nakao
Important Possible questions based on above News:
  1. Name the president of Asian Development Bank, who has announced his resignation recently? Takehiko Nakao
  2. Where is the headquarters of Asian Development Bank located? Philippines

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