Which organization was setup in November, 1966 following the recommendation of the United Nations Economic Commission for Asia and the Far East to foster economic growth and cooperationin the region of Asia and the Far East ?

The Asian Development Bank (ADB) was established in 1966 following recommendations by the United Nations Economic Commission for Asia and the Far East (ECAFE), now known as UNESCAP [t4]. The bank's primary purpose, as defined in its charter, is to foster economic growth and cooperation in the region of Asia and the Far East [t5]. While the agreement was signed earlier in 1966, the inaugural meeting of the Board of Governors took place in Tokyo in November 1966, and the bank officially began operations in December 1966 [t3][t6]. Headquartered in Manila, Philippines, it was modeled after the World Bank with a weighted voting system [c1][t4]. In contrast, the International Monetary Fund and the Food and Agricultural Organisation were established in the 1940s [c4][t2], and the Asiatic Society dates back to 1784, making the ADB the only organization fitting the 1966 ECAFE-linked criteria.

Sources

1. [1] https://simple.wikipedia.org/wiki/Asian_Development_Bank
2. [2] https://www.adb.org/sites/default/files/institutional-document/32120/charter.pdf
3. [3] https://treaties.un.org/doc/Publication/UNTS/Volume+608/volume-608-A-8303-English.pdf
4. [4] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > ASIAN DEVELOPMENT BANK > p. 530
5. [5] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Transformative Carbon Asset Facility (TCAF) > p. 528