The Asian Development Bank (ADB) announced a ____ financial support for the food security of the Asia Pacific region ?

Solution

The Asian Development Bank (ADB) announced a $14 billion financial support for the food security of the Asia Pacific region on September 27, 2022. ADB will continue to invest in other activities which contribute to food security such as energy transition, transport, environmental management, health, and education. The multilateral funding agency is hosting its 55th annual meeting at its headquarters in Manila from September 26-30, 2022 in a hybrid mode. 45 governors of the member nations are attending in person after 2019. Others are available virtually. About ADB The (ADB) Asian Development Bank is a regional development bank. It was established on December 19, 1966. The bank is headquartered in the Ortigas Center situated in the city of Mandaluyong, Metro Manila, Philippines. The bank promotes social and economic development in Asia and maintains 31 field offices worldwide. Initially, ADB had 31 members, while now it has 68 members.