Where is Headquarter of Asian Development Bank Located?

The Asian Development Bank (ADB) is an important organization that helps countries in Asia grow and improve. It supports projects like buildings, roads, schools, hospitals and providing clean water. ADB also gives loans and advice to help reduce poverty and create jobs. Like any big organization, ADB has a main office where all major decisions are made. In this article, we will find out where that office is located.

Headquarter of ADB

The Asian Development Bank (ADB) is headquartered in Manila, Philippines. It was established on 19th December 1966 to promote economic and social development in Asia and the Pacific region.

Background of Asian Development Bank

ADB was formed in 1966 and started cooperation in 1967. It was created to meet the development needs of the region and to encourage cooperation among Asian countries.

Objectives of ADB

The main goals of ADB are:

• To reduce poverty
• To promote sustainable economic growth
• To improve living conditions
• To support regional cooperation

Areas of Cooperation of ADB

ADB helps countries in several key areas:

• Infrastructure (roads, electricity, urban development)
• Education and health
• Climate change and environment
• Good governance
• Private sector support
• Capacity and skill development

Members of ADB

ADB has 68 members, including:

• 49 regional members (like India, China, Japan, Australia)
• 19 non-regional members (like the USA, UK, Germany)

How ADB Works?

ADB is structured in three parts:

• Board of Governors: Highest decision-making body with representatives from all member countries.
• Board of Directors: Approves ADB’s projects adn programs
• Management: Led by the President who managed daily work.

Roles and Responsibilities of Asian Development Bank

• Provides loans and grants for development projects.
• Offers technical and policy support to member countries.
• Encourages regional trade and cooperation.
• Works with governments, private sectors and NGOs.

ADB and India

India is a founding member of ADB and one of its biggest borrowers. ADB supports many Indian projects in:

• Roads and transportation
• Electricity and energy
• Water and sanitation
• Education and skill training

ADB also helps India with policy advice and technical support.