The Asian Development Bank (ADB) was formed in 1966 and is headquartered in Manila, Philippines. It has 67 member countries, mostly located in Asia and the Pacific. Its mission is to reduce poverty through sustainable economic growth, social development, and good governance. ADB provides loans and technical assistance for projects related to infrastructure development, education, finance sector reform, and environmental protection. It has financed the construction of schools, roads, water connections, and other infrastructure across Asia.