Current Affairs · International Financial Institutions

The Asian Development Bank (ADB), as a multilateral development bank, focuses on development and poverty reduction in Asia and the Pacific. Analyze the following statements concerning its financing and strategic priorities, particularly in the context of recent global challenges: 1. The ADB raises most of its funds from international capital markets through bond issuance, and it primarily provides financing from two facilities: the Ordinary Capital Resources (OCR), which funds loans to middle-income member countries, and the Asian Development Fund (ADF), which provides grants and concessional loans to the poorest members. 2. The ADB's Strategy 2030 outlines seven operational priorities, with a central theme being to accelerate progress in addressing climate change and environmental sustainability, which includes a commitment to ensure 75% of its committed operations by 2030 will support climate change mitigation and adaptation, and a target of USD 100 billion in cumulative climate financing from 2019 to 2030. 3. The ADB has an established mechanism to provide emergency liquidity assistance (ELA) to a member country's financial system in the event of a systemic banking crisis, but this assistance is only available if the country has an active, concurrent program with the International Monetary Fund (IMF). Which of the above statements are correct?