A strategic management plan for the Asian Development Bank

The Asian Development Bank is a multilateral development finance institution for Asia and the Pacific region established in 1966 through a multilateral agreement ratified by 31 countries. It belongs to the financial services industry. The core business of ADB lies in its role as a bank and as a development agency. As a bank ADB acts as a financial intermediary. By intermediating, it reduces the cost of capital to client government. The Bank is able to borrow at favorable terms in the international market because of its preferred creditor status. As a development agency, ADB $1 (Bs role is to ensure that government and its public sector decisions promote good development practice. ADB $1 (Bs vision is an Asia and Pacific region free of poverty. Its mission is to help its developing member countries (DMCs) reduce poverty and improve their quality of life. ADB believes that a region free of poverty is an achievable and realistic goal