Asian Development Bank

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About ADB -: 

The Asian Development Bank (ADB) was established as a financial institution that would foster economic growth and cooperation in the Asia-Pacific region. It assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development

Head Quarter -: Manila,  Philippines 

HISTORY -: 

The Asian Development Bank was conceived in the early 1960s as a financial institution that would be Asian in character and foster economic growth and cooperation in one of the poorest regions in the world.
A resolution passed at the first Ministerial Conference on Asian Economic Cooperation held by the United Nations Economic Commission for Asia and the Far East in 1963 set that vision on the way to becoming reality.
The Philippines capital of Manila was chosen to host the new institution, which opened on 19 December 1966, with 31 members that came together to serve a predominantly agricultural region. Takeshi Watanabe was ADB's first President.
During the 1960s, ADB focused much of its assistance on food production and rural development.

As a multilateral development finance institution, ADB provides:
  • loans
  • technical assistance
  • grants
ADB maximizes the development impact of its assistance by
  • facilitating policy dialogues,
  • providing advisory services, and
  • mobilizing financial resources through cofinancing operations that tap official, commercial, and export credit sources
ADB operations are designed to support the three complementary agendas of inclusive economic growth, environmentally sustainable growth, and regional integration. ADB employs its limited resources in its areas of comparative strength—the core areas of:

ADB also operates on a limited scale in other areas, including

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