Asian Development Bank
Technical Data
| Date of Issue | May 2, 1990 |
|---|---|
| Denomination | Rs. 2 |
| Quantity | 1,500,000 |
| Perforation | Comb 14 |
| Printer | Security Printing Press, Nashik |
| Watermark | No Watermark |
| Colors | Multicolor |
| Catalog Codes |
Michel IN 1252 Stamp Number IN 1311 Yvert et Tellier IN 1054 Stanley Gibbons IN 1403 |
| Themes | Banks | Logos | Shells |
The Asian Development Bank (ADB), established in December 1966, serves as an international partnership encompassing 47 member nations, including 32 from the Asia-Pacific region and North America. Here are the key aspects and roles of the ADB:
Objectives:
- Financial Support: Provides development finance through loans and equity investments aimed at fostering economic and social progress in its member countries.
- Technical Assistance: Offers technical assistance for the preparation and execution of development projects, as well as advisory services.
- Investment Promotion: Promotes the investment of public and private capital for development purposes.
- Policy Coordination: Responds to requests for assistance in coordinating development policies and plans among member countries.
Operations:
- The ADB’s activities primarily focus on lending funds and providing technical assistance to support the economic and social advancement of its developing member countries.
- Its highest policymaking body is the Board of Governors, which convenes annually.
- The headquarters of the ADB is located in Manila, Philippines.
India’s Engagement:
- India is a beneficiary member nation of the Asian Development Bank.
- The Asian Development Bank has been actively involved in India’s development, particularly in areas such as national and state highways, ports, high-freight railway routes, and telecommunications.
Annual General Meeting:
- The 23rd Annual General Meeting of the Asian Development Bank was held in New Delhi from May 2 to 4, 1990, marking the first such meeting in India.
- Special stamp issues were released to commemorate this significant event.
The Asian Development Bank continues to play a crucial role in facilitating economic development across Asia-Pacific through its financial support, technical expertise, and policy coordination efforts.