1.19. Asian Development Bank (ADB)

♤ Based in Manila, Philippines it opened on 19 December 1966

♤ ADB assists its members, and partners, by providing loans, technical assistance, grants, and equity investments to promote social and economic development.

♤ From 31 members at its establishment in 1966, ADB has grown to encompass 67 members—of which 48 are from within Asia and the Pacific and 19 outside.