The Asian Development Bank (ADB) was founded in 1966 and is headquartered in Manila, Philippines. It aims to foster economic growth, reduce poverty, and improve living standards in Asia and the Pacific through loans, technical assistance, and grants for infrastructure, health, education, and other development projects. The ADB is owned by 67 members, with Japan and the United States holding the largest voting shares. It focuses on sectors like agriculture, energy, transport, and social services to overcome challenges such as lack of access to water and sanitation across Asia.