Established in 1966 and owned by 68 member countries (49 from the region), the Asian Development Bank (ADB) is a multilateral development finance institution committed to reducing poverty in Asia and the Pacific. ADB assists its developing member countries and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development. It also facilitates policy dialogues, provides advisory services, and mobilizes financial resources through cofinancing operations to address the region's development challenges.

Founded in

Philippines