|ADB Established:||19 December 1966.|
|ADB Members:||68 Members|
|ADB Headquarters:||Ortigas Center Mandaluyong, Metro Manila, Philippines.|
|ADB President:||Masatsugu Asakawa (Japan).|
The Asian Development Bank (ADB) is a financial institution that is working in the Asia-Pacific region to eradicate extreme poverty in the region and make the region prosperous, inclusive, resilient, and sustainable.
The Asian Development Bank was founded on 19th December 1966.
In the early 1960s, a new development finance institution for the Asia-Pacific region was proposed by the then-Japanese government at the United Nations meeting. At that time the Asia-Pacific region was very poor and did not have good infrastructure for industries. The idea of a new development bank for the Asia-Pacific region was liked by many countries. Initially, the ADB was focused on rural development, and after sometime included other areas for development.
The Asian Development Bank started with 31 members and currently, Asian Development Bank has 68 member countries. Japan and the United States are the top countries with the highest subscribed capital and voting power.
Currently, Asian Development Bank has 68 members, and Out of the total of 68 members, 49 members belong to the Asia-Pacific region, and 19 members are from other parts of the world.
ADB members from the Asia-Pacific region:
|South Korea||Sri Lanka|
|Fiji||Papua New Guinea|
|Federated States of Micronesia||Marshall Islands|
ADB members from other parts of the World:
|United Kingdom||United States|
The main aim of the Asian Development Bank is to achieving a prosperous, inclusive, resilient, and sustainable Asia-Pacific region, and to eradicate extreme poverty. The main sectors where ADB works are education, environment, climate change, disaster risk management, infrastructure development etc.
The headquarters of the Asian Development Bank is situated at Ortigas Center Mandaluyong, Metro Manila, Philippines.
India is one of the active members of the Asian Development Bank and also one of the countries that received the highest lending from the Asian Development Bank. India is also in the top five countries with the highest subscribed capital and voting power.