The Asian Development Bank (ADB) is a multilateral development finance institution headquartered in Manila, Philippines. Established in 1966, it is dedicated to reducing poverty and promoting sustainable economic growth in Asia and the Pacific region. The ADB's major shareholders are 68 member countries, 49 of which are from the region it serves.

The ADB's headquarters are located in Mandaluyong City, Metro Manila, Philippines. The modern and eco-friendly complex houses offices, meeting and conference facilities, and a library. The ADB also has representative offices in Tokyo, Japan, and Frankfurt, Germany.

The ADB offers a range of financial products and services to support its development goals. It provides loans, grants, and technical assistance to member countries to finance public and private sector projects. These projects cover sectors such as infrastructure, energy, education, health, agriculture, and water resources.

The ADB also offers research and policy advice to help governments design effective development strategies. The ADB operates on a global scale, partnering with governments, development agencies, and other stakeholders to address development challenges. It has established several affiliated entities, including the Asian Development Fund and the Japan Fund for Poverty Reduction, which provide additional financial resources for projects.

The ADB also works closely with the private sector through partnerships, joint ventures, and financing arrangements to leverage resources and expertise. In terms of market position, the ADB is one of the largest multilateral development banks globally. It plays a significant role in shaping regional development policies and strategies.

Its key competitors include other international financial institutions such as the World Bank and regional development banks like the African Development Bank and Inter-American Development Bank. The ADB has achieved several major milestones in its history. In recent years, it has adopted a more inclusive and sustainable approach to development, integrating environmental and social considerations into its projects.

It has also increased its focus on climate change adaptation and mitigation. These strategic shifts reflect the ADB's commitment to promoting environmentally responsible and inclusive development in the region. As of the latest information available, the ADB continues to actively support its member countries in responding to the COVID-19 pandemic.

It has provided significant financial assistance, technical expertise, and policy advice to help mitigate the impacts of the crisis. Additionally, the ADB is working on updating its long-term strategic framework to align with the Sustainable Development Goals. In conclusion, the Asian Development Bank is a prominent multilateral development finance institution headquartered in the Philippines.

With a comprehensive range of products and services, it works globally to promote sustainable economic growth and reduce poverty in the Asia-Pacific region. The ADB's market position and influence among competitors reflect its significant role in regional development efforts. Its recent focus on sustainability and responsiveness to the COVID-19 pandemic underscore its commitment to addressing pressing development challenges