What is the ADB's main governance structure?

The Asian Development Bank (ADB) has a governance structure that consists of both a Board of Governors and a Board of Directors. This dual structure is designed to ensure that decisions are made with appropriate oversight and representation from its member countries.

The Board of Governors is the highest decision-making body, made up of one governor from each of the ADB's member countries. Typically, the governors are high-ranking officials, such as finance ministers, who meet annually to discuss matters related to the bank's policies and strategies. They play a crucial role in shaping the overall direction of the ADB.

On the other hand, the Board of Directors works on a day-to-day basis to implement the policies set by the Board of Governors. This board consists of directors who are usually appointed by member countries or groups of countries. They are responsible for carrying out the operations of the bank, including approving project loans and providing oversight to the bank's activities and administration.

This governance structure enables a balance between broad policy-making and day-to-day management, ensuring effective decision-making that reflects the interests of its diverse membership.

Other options do not accurately capture the governance structure of the ADB. For instance, a single Board of Directors would not allow for the necessary representation and decision-making processes on