India, May 5 -- The Board of Governors of the Asian Development Bank (ADB) today approved the bank's 2024 financial statements and a $1.539 billion net income allocation from its ordinary capital resources, the highest recorded in ADB's history.The 2024 allocable net income will be allocated as follows:$1.016 billion to ADB's ordinary reserve to support the bank's capital growth and provide an earnings base to generate income;$393.5 million to the Asian Development Fund, which provides grants to ADB's poorest and most vulnerable developing member countries; and$130 million to the Technical Assistance Special Fund, which provides technical assistance grants to borrowing members to help prepare projects and undertake technical or policy studi...