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PIB Summaries 21 September 2022

CONTENTS

  1. Asian Development Bank
  2. Asia-Pacific Institute for Broadcasting Development (AIBD)

Asian Development Bank


Focus: GS II- Inter Groupings

Why in News?

Recently, the Asian Development Bank (ADB) and the Government of India signed a USD 96.3-million loan agreement to provide safe drinking water and improve water supply and sanitation services in the state of Himachal Pradesh.

About Asian Development Bank (ADB):

  • The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966 to promote social and economic development in Asia.
  • It is headquartered in the city of Mandaluyong, Metro Manila, Philippines.
  • The ADB was modelled closely on the World Bank and an official United Nations Observer.
  • Japan holds the largest proportion of shares in ADB followed by the USA, and it has a weighted voting system where votes are distributed in proportion with members’ capital subscriptions (just like the World Bank).
  • The bank admits the members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP, formerly the Economic Commission for Asia and the Far East or ECAFE) and non-regional developed countries.
  • ADB defines itself as a social development organization that is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration.
  • ADB aids in reducing poverty through investments in the form of loans, grants and information sharing (in infrastructure, health care services, financial and public administration systems), helping nations prepare for the impact of climate change or better manage their natural resources, as well as other areas.

Asia-Pacific Institute for Broadcasting Development (AIBD)


Focus: GS II: International relations

Why in News?

AIBD unanimously extends India’s Presidency for one more year

About AIBD –

  • The Asia-Pacific Institute for Broadcasting Development (AIBD), established in 1977 under the auspices of UNESCO, is a unique regional inter-governmental organisation servicing countries of the United Nations Economic and Social Commission for Asia and the Pacific (UN-ESCAP) in the field of electronic media development.
  • The AIBD is mandated to achieve a vibrant and cohesive electronic media environment in the Asia-Pacific region through policy and resource development.
  • The AIBD currently has 26 countries as full members represented by 43 organisations, and 52 affiliate members.

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