Founded in 1966, its headquarters are in Manila, Philippines. The Asian Development Bank's primary mission is to foster growth and cooperation among countries in the Asia-Pacific Region. It has been responsible for a number of major projects in the region, raising capital through the international bond markets.

Investopedia Says:
The two largest shareholders of the Asian Development Bank are the United States and Japan. Although the majority of the Bank's members are from the Asia-Pacific region, the industrialized nations are also well represented. Regional development banks usually work in harmony with both the International Monetary Fund and the World Bank in their activities.

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