In which year was the Asian Development Bank established?

The Asian Development Bank (ADB) was established in 1966 with the goal of promoting social and economic development in Asia. This formation was part of a broader initiative post-World War II to foster economic cooperation and development in the region. The founding members recognized the importance of financial support, technical assistance, and resources for developing countries in Asia, aiming to reduce poverty and enhance quality of life through sustainable solutions.

This year is significant as it marks the beginning of ADB's active involvement in regional development projects and the establishment of its organizational structure, leading to its growth as a crucial financial institution in the Asia-Pacific region.