Question
Where is the headquarter of Asian Development Bank?
Solution
The Asian Development Bank was conceived in the early 1960s as a financial institution that would be Asian in character and foster economic growth and cooperation in one of the poorest regions in the world. The Philippines capital of Manila was chosen to host the new institution, which opened on 19 December 1966, with 31 members that came together to serve a predominantly agricultural region. Takeshi Watanabe was ADB's first President.
In a situation, when a company borrows money to be paid back at a future date with interest, it is known _____.Â
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