Asian Development Bank
The Asian Development Bank is an international development finance institution whose mission is to help developing member countries reduce poverty and improve the quality of life. With its headquarters in Manila, the ADB was established in 1966 is owned and financed by its 67 members.
The ADB's main partners are governments, the private sector, non-government organisations, development agencies, community-based organisations, and foundations. Under Strategy 2020, a long-term strategic framework adopted in 2008, ADB will follow three complementary strategic agendas. These include inclusive growth, environmentally sustainable growth, and regional integration.
In pursuing its vision, the ADB's main services include loans, technical assistance, grants, advice and knowledge.
While the ADB primarily assist the public sector and governments, it also provides direct support to private enterprises of developing countries through equity investments, guarantees, and loans. In addition, its triple-A credit rating helps mobilise funds for development.