how does a development bank function?

Answer 1

This is what they do:

About Us
The work of the Asian Development Bank (ADB) is aimed at improving the welfare of the people in Asia and the Pacific, particularly the 1.9 billion who live on less than $2 a day. Despite many success stories, Asia and the Pacific remains home to two thirds of the world's poor.

ADB is a multilateral development financial institution owned by 67 members, 48 from the region and 19 from other parts of the globe.

ADB's vision is a region free of poverty. Its mission is to help its developing member countries reduce poverty and improve the quality of life of their citizens.



ADB's main instruments for providing help to its developing member countries are

policy dialogue
loans
technical assistance
grants
guarantees
equity investments.
ADB's annual lending volume is typically about $6 billion, with technical assistance usually totaling about $180 million a year.

Our headquarters is in Manila. We have 26 other offices around the world:

19 resident missions in Asia
3 subregional offices in the Pacific
representative offices in Frankfurt for Europe, Tokyo for Japan, and Washington, DC for North America
a special liaison office in Timor-Leste
We have more than 2,000 employees from over 50 countries. Learn more about how ADB is managed: our Board of Governors, Board of Directors and Senior Management.

Want to know more about us? Read the FAQ.