How does ADB promote inclusive growth?

Prepare for the Asian Development Bank Certification Exam. Enhance your skills with flashcards and multiple-choice questions, each featuring helpful hints and detailed explanations. Get ready to succeed in your exam!

The promotion of inclusive growth by the Asian Development Bank (ADB) centers on addressing the needs of marginalized groups and ensuring their access to essential services. This approach is vital for fostering economic development that benefits all segments of society, rather than just a select few.

Targeting marginalized groups can involve various initiatives, such as providing access to education, healthcare, financial services, and employment opportunities. By focusing on these populations, ADB aims to reduce inequality and empower disadvantaged communities, ultimately contributing to broader economic stability and growth. This perspective aligns with ADB's goal of ensuring that development projects are equitable and benefit those who are often left behind.

The other choices do not adequately reflect ADB's comprehensive strategy to foster inclusive growth. Exclusively partnering with large corporations overlooks the need for support at the grassroots level. Limiting efforts to urban development projects ignores rural communities and their unique challenges. Increasing taxes on high-income individuals, while a potential policy tool, does not directly relate to ADB's primary focus on service access for marginalized groups. Therefore, the approach outlined in the correct answer highlights the essence of ADB's mission to create more equitable societies through targeted interventions.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy