Asian Development Bank (ADB) Bangladesh

Asian Development Bank (ADB) Bangladesh is an international development finance institution whose mission is to help its developing member countries reduce poverty and improve the quality of life of their people. Headquartered in Manila, and established in 1966, ADB is owned and financed by its 67 members, of which 48 are from the region and 19 are from other parts of the globe. ADB’s main partners are governments, the private sector, nongovernment organizations, development agencies, community-based organizations, and foundations.

Bangladesh joined the Asian Development Bank (ADB) in 1973 and, as of 31 December 2009, cumulative lending amounted to about $10.89 billion for 202 loans, with $195.15 million for technical assistance (TA) grants for 348 projects. The country is one of the largest borrowers of concessionary Asian Development Fund resources.