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What significant reforms has the Asian Development Bank (ADB) undertaken to further support the achievement of sustainable development goals (SDGs)?
  • a)
    ADB has introduced reforms to reduce its annual commitments to projects and initiatives.
  • b)
    ADB has established the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP).
  • c)
    ADB has reduced its support for addressing climate change challenges.
  • d)
    ADB has decreased its membership from 68 to 49.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What significant reforms has the Asian Development Bank (ADB) undertak...
ADB's Reforms to Support Sustainable Development Goals

Establishment of the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP)
- ADB has introduced the IF-CAP to mobilize funds for climate action projects in the region.
- This facility aims to promote innovative financing mechanisms to support climate initiatives that align with the SDGs.
- By establishing IF-CAP, ADB has taken a significant step towards addressing climate change challenges and promoting sustainable development.
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What significant reforms has the Asian Development Bank (ADB) undertak...
The Asian Development Bank (ADB) has undertaken significant reforms, including the establishment of the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP), to address pressing Asian challenges, notably climate change, and accelerate progress toward the sustainable development goals (SDGs).
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