Asian Development Bank

The Asian Development Bank (ADB) is a multilateral development bank founded on December 19, 1966, to support social and economic development in Asia and the Pacific. Headquartered in Mandaluyong, Metro Manila, Philippines, ADB operates 31 field offices and serves 69 member countries, including both regional and non-regional developed nations. The bank was established through initiatives led by Japan and supported by the United States, drawing inspiration from post-war reconstruction efforts. ADB provides a range of services, including project financing through loans and grants for infrastructure, education, healthcare, and environmental sustainability. It also offers technical assistance for policy development and institutional reforms. The Asian Development Fund (ADF) supports low-income member countries with concessional loans, while scholarship programs fund postgraduate studies for students in various fields. ADB raises capital through bond issuance, contributing to its financial resources for development projects.