Our Vision - an Asia and Pacific Free of Poverty
ADB is an international development finance institution whose mission is to help its developing member countries reduce poverty and improve the quality of life of their people. Guiding ADB’s work is its long-term strategic framework, Strategy 2020.
Despite the region's many successes, Asia and Pacific remains home to two thirds of the world's poor. Some 600 million people in the region live on $1 a day or less.
ADB is committed to reducing poverty through inclusive economic growth, environmentally sustainable growth, and regional integration in partnership with governments, the private sector, nongovernment organizations, development agencies, community-based organizations, and foundations.
Headquartered in Manila, and established in 1966, ADB is owned and financed by its 67 members, of which 48 are from the region and 19 are from other parts of the globe.
Its main instruments for helping its developing member countries are low interest loans, grants, advice, and knowledge.
Although most lending is in the public sector - and to governments - ADB also provides direct assistance to private enterprises of developing countries through equity investments, guarantees, and loans. In addition, its triple-A credit rating helps mobilize funds for development.
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About ADB
