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Information Brochures and Other Publications Pub. The Asian Development Bank is a multilateral development finance institution dedicated to reducing poverty in Asia and the Pacific. Established in 1966, ADB is now owned by 59 members, mostly from the region. Goal and Objectives ADB s development work is aimed at improving the welfare of the people of Asia and the Pacific, especially for the 900 million poor living on less than a dollar a day. Reducing poverty has always been one of ADB s fundamental purposes.