Question 1

In which city is the headquarters of the Asian Development Bank (ADB) located?

Accepted Answer

Mandaluyong. The Asian Development Bank is headquartered in Mandaluyong, which is part of Metro Manila in the Philippines. It was established in 1966 to promote social and economic development in Asia and the Pacific. The bank currently has over 60 member nations from both within and outside the region.

Question 2

Which of the following regional banks is primarily focused on the development of African nations?

Accepted Answer

AfDB. The African Development Bank (AfDB) was founded in 1964 to foster economic growth and social progress across the continent. It comprises three entities including the African Development Fund and the Nigeria Trust Fund. The headquarters of this institution is located in Abidjan, Côte d'Ivoire.

Question 3

When was the New Development Bank (NDB), formerly known as the BRICS Development Bank, established?

Accepted Answer

2014. The New Development Bank was established during the sixth BRICS summit in Fortaleza, Brazil, in 2014. It was created by Brazil, Russia, India, China, and South Africa to support public or private projects through loans and guarantees. The bank is headquartered in Shanghai, China.

Question 4

Which regional bank was created specifically to assist former communist countries in Europe and Central Asia in transitioning to market economies?

Accepted Answer

EBRD. The European Bank for Reconstruction and Development (EBRD) was founded in 1991 following the fall of the Iron Curtain. It provides project financing for banks, industries, and businesses to strengthen the private sector. It is unique as its charter mandates that only countries committed to democratic principles are eligible for support.

Question 5

The Inter-American Development Bank (IDB) serves which specific geographical region?

Accepted Answer

Latin America and Caribbean. The IDB is the largest source of development financing for Latin America and the Caribbean. It was established in 1959 to reduce poverty and inequality by promoting sustainable economic growth. Its headquarters is located in Washington, D.C., USA.

Regional Banks — Set 1