The Asian Development Bank (ADB) is a multilateral institution established in 1966 to foster economic growth and reduce poverty in the Asia-Pacific region through loans, technical assistance, and grants. ADB is owned by 63 member countries and finances its operations through capital market borrowings and contributions from member states, including significant shares held by Japan and the US. Recently, ADB has provided loans to India to improve rural connectivity and upgrade highways, while also establishing a power interconnection with Bangladesh to enhance electricity access.