With reference to the Asian Development Bank’s (ADB) governance and membership, consider the following statements:
1. The People's Republic of China is the largest shareholder in the ADB.
2. Membership is exclusively available to countries within the Asia-Pacific region, emphasising regional representation.
3. The ADB’s establishment and governance structure were inspired by the World Bank model, focusing on a weighted voting system.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
3 only
4
1 and 3 only