ADB is a multilateral development finance institutions, founded in 1966 to promote social and economic progress in its developing member countries (DMCs) in the Asian and Pacific region. As of the third quarter of 2000, ADB has 59 member countries.

ADB’s principal functions are (i) lending funds; (ii) providing technical assistance and advisory services; (iii) promoting investments for development purposes; and (iv) assisting in coordinating DMCs’ development policies and plans.