In which country is the headquarter of Asian Development Bank located?
- A.Malaysia
- B.Indonesia
- C.Thailand
- D.Philippines
Correct answer
Explanation
The correct answer is D, Philippines. The Asian Development Bank was founded in 1966 to lend for development in Asia and the Pacific and has its headquarters at Manila, the capital of the Philippines. India is a founding member and among its largest borrowers. Japan and the United States hold the largest shares in the bank, and its president has by convention always been Japanese.
Option A, Malaysia, hosts no such bank at Kuala Lumpur, although the city holds regional offices of several bodies. Option B, Indonesia, is the seat of the ASEAN Secretariat at Jakarta, which is a different institution. Option C, Thailand, hosts the UN Economic and Social Commission for Asia and the Pacific at Bangkok, and the Bangkok Declaration of 1967 created ASEAN, so it is a plausible but wrong choice here.
Read the full article: International Organisations and Headquarters: Full List
Practice Questions
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- C.Geneva
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- C.1 and 2 only
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- A.United Nations Educational, Scientific and Cultural Organization
- B.International Union of Pure and Applied Chemistry
- C.International Science Council
- D.International Union of Geodesy and Geophysics
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- A.Heritage Foundation
- B.Fraser Institute
- C.International Monetary Fund
- D.World Bank
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