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Asian Development Bank
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The Asian Development Bank (ADB) is a multilateral development finance institution which was conceived in the early 1960s, headquartered in Manila, Philippines. ADB in partnership with member governments, independent specialists and other financial institutions is focused on delivering projects in developing member countries that create economic and development impact. ADB has 68 shareholding members including 49 from the Asia and Pacific region and 19 outside. ADB raises funds through bond issues on the world's capital markets. They also rely on their members' contributions, retained earnings from the lending operations, and the repayment of loans. In 2018, ADB’s operations amounted USD 35.8 billion. Its own commitment of USD 21.6 billion for loans, grants, and investments compared to USD 20.1 billion in 2017.
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