what is the asian development bank 
the asian development bank s primary mission is to foster economic growth and cooperation among countries in the asia pacific region 1 founded in 1966 and based in manila philippines the adb assists members and partners by providing loans technical assistance grants and equity investments to promote social and economic development the adb has been responsible for major projects in the region and raises capital regularly through the international bond markets the adb also relies on member contributions retained earnings from lending and the repayment of loans for the funding of the organization 