Asian Development Bank

The Asian Development Bank (ADB) is a regional development bank established in 1966 to promote economic and social progress in Asian countries. Its primary goal is to reduce poverty and improve living standards by providing financial resources, technical assistance, and policy advice for development projects. ADB focuses on various sectors, including infrastructure, education, and environmental sustainability. The bank is owned by its member countries, which include both borrowing nations and contributors, and it plays a crucial role in fostering cooperation and investment in the region to support sustainable growth and development.