Union Minister for Finance and Corporate Affairs and Asian Development Bank\u2019s (ADB) Governor for India Smt. Nirmala Sitharaman participated in the Governor\u2019s Seminar on \u201cCooperation for a Resilient Future\u201d, held as part of ADB\u2019s annual meeting 2021.<\/p>\n\n\n\n
Other participants included Japan, Georgia, China, Philippines and Netherlands. The virtual seminar was attended by delegates from 68 member nations of the ADB.<\/p>\n\n\n\n
It was conceived in the early 1960s when a resolution was passed at the first Ministerial Conference on Asian Economic Cooperation held by the United Nations Economic Commission for Asia and the Far East in 1963.<\/p>\n\n\n\n
The institution was opened in 1966 at Manila (Philippines capital) with 31 initial members.<\/p>\n\n\n\n
The ADB was modelled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members’ capital subscriptions.<\/p>\n\n\n\n
As of 31 December 2016, Japan and United States hold the largest proportion of shares at 15.607%. China holds 6.444%, India holds 6.331%, and Australia holds 5.786%.<\/p>\n","protected":false},"excerpt":{"rendered":"
Union Minister for Finance and Corporate Affairs and Asian Development Bank\u2019s (ADB) Governor for India Smt. Nirmala Sitharaman participated in the Governor\u2019s Seminar on \u201cCooperation for a Resilient Future\u201d, held as part of ADB\u2019s annual meeting 2021. Daily Current Affairs Quiz 2021 Other participants included Japan, Georgia, China, Philippines and Netherlands. The virtual seminar was […]<\/p>\n","protected":false},"author":404,"featured_media":41978,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1407],"tags":[58],"offerexpiration":[],"class_list":["post-41977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-may-2021","tag-international-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/41977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/404"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=41977"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/41977\/revisions"}],"predecessor-version":[{"id":41979,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/41977\/revisions\/41979"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/41978"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=41977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=41977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=41977"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=41977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}