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Asian Development Bank

The Asian Development Bank (ADB) is a regional development bank established in 1966 to promote economic and social development in Asia and the Pacific region. Headquartered in Manila, Philippines, the ADB has 67 member countries, with 48 regional members from Asia and the Pacific and 19 non-regional members. Led by President Takehiko Nakao, the ADB provides financing and technical assistance to members with the goal of reducing poverty and improving living standards in Asia and the Pacific.

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42 views1 page

Asian Development Bank

The Asian Development Bank (ADB) is a regional development bank established in 1966 to promote economic and social development in Asia and the Pacific region. Headquartered in Manila, Philippines, the ADB has 67 member countries, with 48 regional members from Asia and the Pacific and 19 non-regional members. Led by President Takehiko Nakao, the ADB provides financing and technical assistance to members with the goal of reducing poverty and improving living standards in Asia and the Pacific.

Uploaded by

Shivani Aggarwal
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Asian Development Bank (ADB)

The Asian Development Bank (ADB) is a regional development bank.


Established - 19 December 1966
Headquartered - Ortigas Center located in Mandaluyong, Metro
Manila, Philippines.
President : Takehiko Nakao
Primary Mission: To promote social and economic development in Asia-
Pecific Region.
The bank admits the members of the United Nations Economic and Social
Commission for Asia and the Pacific (UNESCAP, formerly the Economic
Commission for Asia and the Far East or ECAFE) and non-regional developed
countries.
From 31 members at its establishment, ADB now has 67 members, of which
48 are from within Asia (Regional members) and the Pacific and 19 outside
(non regional members).
The ADB was modeled closely on the World Bank, and has a similar weighted
voting system where votes are distributed in proportion with members'
capital subscriptions. ADB releases an annual report that summarizes its
operations, budget and other materials for review by the public.

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