What is Asian Development Bank?
{{Infobox organization |name = Asian Development Bank |image = Asian Development Bank logo.svg |image_size = 180px |size = |caption = |map = |msize = |mcaption = |abbreviation = ADB |motto = ADB is committed to achieving a prosperous, inclusive, resilient and sustainable Asia & the Pacific, while sustaining its efforts to eradicate extreme poverty. |formation = {{Start date and age|1966|12|19|df=yes}} |extinction = |type = Multilateral Development Bank |status = Treaty |purpose = Social and Economic Development |headquarters = 6 ADB Avenue, Mandaluyong, Metro Manila 1550, Philippines |region_served = Asia-Pacific |membership = 68 countries |leader_title = President |leader_name = [[Masatsugu Asakawa]] (from 17 January 2020) |parent_organization = |affiliations = |num_staff = 3,092 |num_volunteers = |budget = |website = www.adb.org |remarks = }} The '''Asian Development Bank''' ('''ADB''') is a [[Multilateral development bank|regional development bank]] established on 19 December 1966, which is headquartered in 6 ADB Avenue, Mandaluyong, Metro Manila 1550, Philippines. The company also maintains 31 field offices around the world to promote social and [[economic development]] in Asia. The bank admits the members of the [[United Nations Economic and Social Commission for Asia and the Pacific]] (UNESCAP, formerly the Economic Commission for Asia and the Far East or ECAFE) and non-regional [[Developed country|developed countries]]. From 31 members at its establishment, ADB now has 68 members. The ADB was modeled closely on the [[World Bank]], and has a similar weighted voting system where votes are distributed in proportion with members' capital subscriptions. ADB releases an annual report that summarizes its operations, budget and other materials for review by the public. The ADB-Japan Scholarship Program (ADB-JSP) enrolls about 300 students annually in academic institutions located in 10 countries within the Region