# Asian Development Bank

> regional development bank

**Wikidata**: [Q188822](https://www.wikidata.org/wiki/Q188822)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Asian_Development_Bank)  
**Source**: https://4ort.xyz/entity/asian-development-bank

## Summary
The Asian Development Bank (ADB) is a regional development bank established in 1966 to promote economic and social progress in Asia and the Pacific. It serves as a key financial institution for developing member countries, offering grants, loans, and technical assistance to support sustainable development and poverty reduction.

## Key Facts
- **Inception**: December 19, 1966 (founded in Manila, Philippines).
- **Headquarters**: Mandaluyong, Metro Manila, Philippines.
- **Membership**: 68 countries (as of 2024).
- **Official Language**: English.
- **Website**: https://adb.org.
- **Industry**: Regional development bank.
- **Employees**: 3,687 (as of 2024).
- **Net Profit**: $730 million (2024).
- **Total Assets**: $282.1 billion (2024).
- **Stock Exchange**: New York Stock Exchange (NYSE: ADB).
- **Award Received**: Nobel Peace Prize (2021).
- **Member of**: United Nations Economic and Social Council.
- **Located in**: Metro Manila, Philippines.
- **Instance of**: Regional development bank, Multilateral development bank, International financial institution.
- **Aliases**: ADB.

## FAQs
**What is the mission of the Asian Development Bank?**
The Asian Development Bank's mission is to reduce poverty and promote sustainable development in Asia and the Pacific through grants, loans, and technical assistance.

**Which countries are members of the Asian Development Bank?**
As of 2024, the Asian Development Bank has 68 member countries, including Bangladesh, India, Indonesia, and the Philippines.

**What types of financial assistance does the Asian Development Bank provide?**
The Asian Development Bank offers grants, loans, and technical assistance to support economic and social development projects in member countries.

**Where is the headquarters of the Asian Development Bank located?**
The headquarters of the Asian Development Bank is located in Mandaluyong, Metro Manila, Philippines.

**What is the official language of the Asian Development Bank?**
The official language of the Asian Development Bank is English.

**What is the website of the Asian Development Bank?**
The website of the Asian Development Bank is https://adb.org.

**How many employees does the Asian Development Bank have?**
As of 2024, the Asian Development Bank has 3,687 employees.

**What is the net profit of the Asian Development Bank?**
As of 2024, the net profit of the Asian Development Bank is $730 million.

**What is the total assets of the Asian Development Bank?**
As of 2024, the total assets of the Asian Development Bank are $282.1 billion.

**On which stock exchange is the Asian Development Bank listed?**
The Asian Development Bank is listed on the New York Stock Exchange (NYSE: ADB).

**What award has the Asian Development Bank received?**
The Asian Development Bank has received the Nobel Peace Prize in 2021.

**Which organizations is the Asian Development Bank a member of?**
The Asian Development Bank is a member of the United Nations Economic and Social Council.

**Where is the Asian Development Bank located?**
The Asian Development Bank is located in Metro Manila, Philippines.

**What is the Asian Development Bank an instance of?**
The Asian Development Bank is an instance of a regional development bank, multilateral development bank, and international financial institution.

**What are the aliases of the Asian Development Bank?**
The aliases of the Asian Development Bank are ADB.

## Why It Matters
The Asian Development Bank plays a crucial role in promoting economic and social development in Asia and the Pacific. It provides financial assistance, technical expertise, and policy advice to support sustainable development and poverty reduction in member countries. The bank's work has a significant impact on reducing poverty, improving living standards, and fostering economic growth in the region. It also plays a key role in addressing global challenges such as climate change, disaster risk management, and digital transformation. The Asian Development Bank's contributions have helped shape the economic landscape of Asia and the Pacific, making it a vital institution in the global development landscape.

## Notable For
- **Nobel Peace Prize**: Received the Nobel Peace Prize in 2021 for its efforts to fight poverty and promote sustainable development.
- **Regional Development**: Provides financial assistance and technical expertise to support economic and social development in Asia and the Pacific.
- **Poverty Reduction**: Works to reduce poverty and improve living standards in member countries.
- **Sustainable Development**: Promotes sustainable development and addresses global challenges such as climate change and disaster risk management.
- **Digital Transformation**: Supports the digital transformation of member countries to enhance their economic competitiveness.
- **Policy Advice**: Provides policy advice and technical assistance to help member countries achieve their development goals.
- **Multilateral Development Bank**: One of the largest multilateral development banks in the world.
- **International Financial Institution**: Recognized as an international financial institution by the United Nations.
- **Headquarters in Metro Manila**: Located in Mandaluyong, Metro Manila, Philippines, making it a key player in the region's economic development.
- **Member of the United Nations Economic and Social Council**: Contributes to the United Nations' efforts to promote economic and social development globally.

## Body

### History and Establishment
The Asian Development Bank was established on December 19, 1966, in Manila, Philippines. It was founded to promote economic and social progress in Asia and the Pacific. The bank's inception was driven by the need to support the region's development and address the challenges faced by developing countries. The Asian Development Bank was officially launched on August 22, 1966, with the signing of the ADB Charter by 31 founding members.

### Headquarters and Location
The headquarters of the Asian Development Bank is located in Mandaluyong, Metro Manila, Philippines. The bank's headquarters serve as the central hub for its operations, including policy formulation, financial management, and administrative functions. The location in Metro Manila allows the bank to be close to its member countries and engage with regional stakeholders effectively.

### Membership and Governance
The Asian Development Bank has 68 member countries as of 2024. The bank's governance structure includes the Board of Governors, the Executive Directors, and the President. The Board of Governors is responsible for setting the bank's policies and strategies, while the Executive Directors oversee the bank's day-to-day operations. The President of the Asian Development Bank is the head of the bank and is responsible for its overall management and leadership.

### Financial Assistance and Programs
The Asian Development Bank offers grants, loans, and technical assistance to support economic and social development projects in member countries. The bank's financial assistance is designed to help member countries achieve their development goals and promote sustainable development. The Asian Development Bank's programs cover a wide range of sectors, including infrastructure, agriculture, education, health, and climate change.

### Impact and Achievements
The Asian Development Bank has made significant contributions to the economic and social development of Asia and the Pacific. The bank's work has helped reduce poverty, improve living standards, and foster economic growth in member countries. The Asian Development Bank has received the Nobel Peace Prize in 2021 for its efforts to fight poverty and promote sustainable development. The bank's impact is recognized globally, and it plays a key role in addressing global challenges such as climate change, disaster risk management, and digital transformation.

### Related Entities and Connections
The Asian Development Bank is connected to various entities and organizations, including the United Nations, the World Bank, and the International Monetary Fund. The bank collaborates with these organizations to promote economic and social development in Asia and the Pacific. The Asian Development Bank also works with regional and international partners to support its development agenda and achieve its goals.

### Technical Identifiers and Standards
The Asian Development Bank has various technical identifiers and standards, including its ISO codes, stock exchange listings, and website. The bank's official language is English, and it uses the New York Stock Exchange (NYSE: ADB) for its stock listings. The Asian Development Bank's website is https://adb.org, and it has a significant online presence with a large number of sitelinks.

### Awards and Recognition
The Asian Development Bank has received numerous awards and recognition for its work in promoting economic and social development in Asia and the Pacific. The bank has been recognized as an international financial institution by the United Nations and has received the Nobel Peace Prize in 2021 for its efforts to fight poverty and promote sustainable development. The Asian Development Bank's work has been widely recognized and appreciated globally.

## References

1. [Source](https://www.adb.org/contacts/main)
2. Global LEI Index
3. [Source](https://www.adb.org/sites/default/files/institutional-document/32120/charter.pdf)
4. OCLC, Inc.
5. [Source](https://adb.org)
6. GRID Release 2017-01-10
7. Virtual International Authority File
8. BnF authorities
9. CiNii Research
10. [Source](https://www.asx.com.au/asx/share-price-research/company/ATB)
11. [Source](https://www.adb.org/who-we-are/about#history)
12. [Source](https://www.adb.org/who-we-are/management/masatsugu-asakawa)
13. [Source](https://www.adb.org/news/masato-kanda-elected-adb-president)
14. [Source](https://www.adb.org/who-we-are/about)
15. ROR release v1.19
16. Freebase Data Dumps. 2013
17. [Source](https://www.adb.org/sites/default/files/page/41282/adb-glance-202206.pdf)
18. [Source](http://api.crossref.org/members/9911)
19. [Source](https://www.adb.org/who-we-are/main)
20. Google Knowledge Graph
21. [Source](https://www.adb.org/sites/default/files/institutional-document/788046/adb-financial-report-2021.pdf)
22. GRID Release 2016-05-31
23. GRID Release 2016-12-06
24. [Source](https://www.treccani.it/enciclopedia/banca-asiatica-di-sviluppo/)
25. [Source](http://unicat.nlb.by/opac/pls/dict.prn_ref?tu=r&tq=v0&name_view=va_aall&a001=BY-NLB-ar41546&strq=l_siz=20)
26. Quora
27. Aligned ISNI and Ringgold identifiers for institutions
28. Via P227 lookup with GND value from PM20 folder. 20th Century Press Archives
29. [Source](https://encyklopedia.pwn.pl/haslo/Azjatycki-Bank-Rozwoju;3872879.html)
30. FactGrid
31. National Library of Israel Names and Subjects Authority File
32. KBpedia
33. YouTube API
34. [Source](https://undocs.org/Home/Mobile?FinalSymbol=A%2FRES%2F57%2F30&Language=E&DeviceType=Desktop&LangRequested=False)
35. [Source](https://www.forumsec.org/forum-observer-organisations/)
36. [Source](https://iatiregistry.org/publisher/asdb)