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The Asian Development Bank (ADB) is an international development finance institution dedicated to reducing poverty in Asia and the Pacific through loans, grants, research and technical assistance to its member countries, as well as investments in private companies. The Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. It assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development.

Asian Development Outlook 2011. Developing Asia on Firm Rebound but Must Tackle Inflation Developing Asia will continue to expand solidly over the next two years, even as inflation, geopolitical uncertainties, and the need to develop new sources of growth present looming challenges to . Asian Development Bank - A continent free of poverty. Despite the region’s many successes, it remains home to two-thirds of the world’s poor: 1.8 billion people who live on less than $2 a day, with 903 million struggling on less than $1.25 a day. ADB is committed to reducing poverty through inclusive economic growth, environmentally sustainable growth, and regional integration.

Asian Development Bank: Asian Development Fund for Poverty Reduction and Improvements in the Quality of Life in the Poorer Countries of the Asia and the Pacific. The Asian Development Fund (ADF) is one of the oldest and the largest fund of the Asian Development Bank whose activities promote poverty reduction and improvements in the quality of life in the poorer countries of the Asia and the . ADB’s vision is to achieve a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. By targeting its investments wisely in partnership with its stakeholders, ADB helps its developing members reduce poverty, ensuring that growth is sustainable and inclusive.

Subscriber Services - Subscribe to ADB's Newsletter, e-Alerts and RSS feeds.. ADB encourages websites and blogs to link to its web pages. Articles may be republished without alteration with the attribution statement “This article was first published by the Asian Development Bank (www.adb.org)" and a clickable link back to adb.org. ADB and Nepal 3. PART I. ADB: An Introduction. 1. Introduction The Asian Development Bank (ADB) is a multilateral financial institution owned by 63 members, 44 from Asia and the Pacific region and 19 from other parts of the world. Established in 1966, ADB's overarching goal is to reduce poverty in the Asia and Pacific.

However, the Asian Development Bank reckons this is too low given that nowadays, things like mobile phones are seen as necessities; so it has calculated a more suitable daily minimum of $1.51. This lifts Asia’s 2010 poverty rate to nearly one-third of the population, adding 343m people to the ranks of the poor.