Asian Development Bank (ADB) is an international development finance institution whose mission is to help its developing member countries reduce poverty and improve the quality of life of their people. ADB is owned and financed by its 67 members.
In pursuing its vision, ADB's main instruments comprise loans, technical assistance, grants, advice, and knowledge. Although most lending is in the public sector - and to governments - ADB also provides direct assistance to private enterprises of developing countries through equity investments, guarantees, and loans. In addition, its triple-A credit rating helps mobilize funds for development.
HQ: Mandaluyong City, Philippines
Founded: 1966
ID: 1332. Updated: 29.03.2020
- Press Releases
- 19.08.2010 The Asian Development Bank (ADB) today announced that it would extend $2 billion to Pakistan to help with the rehabilitation and reconstruction work resulting from the devastating floods. Read more
- 26.04.2010 The Asian Development Bank (ADB) was on track in its performance in 2009 to deliver output targets in the core sectors of infrastructure, education and finance in the region. Read more
- Head office: 6 ADB Avenue, Mandaluyong City 1550, Philippines
- Phone: + 632 632 4444
- Fax: + 632 636 2444
- SWIFT: ASDBPHMM
- Key people: Nguyen Van Giau (Chair)
- Web: www.adb.org
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