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Asian Development Bank
The work of the Asian Development Bank (ADB) is aimed at improving the welfare of the people in Asia and the Pacific, particularly the 1.9 billion who live on less than $2 a day. Despite many success stories, Asia and the Pacific remains home to two thirds of the world's poor.
ADB is a multilateral development financial institution owned by 64 members, 46 from the region and 18 from other parts of the globe.
ADB's vision is a region free of poverty. Its mission is to help its developing member countries reduce poverty and improve the quality of life of their citizens.
ADB's main instruments for providing help to its developing member countries are
- policy dialogues
- loans
- technical assistance
- grants
- guarantees
- equity investments.
ADB's annual lending volume is typically about $6 billion, with technical assistance usually totaling about $180 million a year.
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