The correct answer is C. Manila.
The Asian Development Bank (ADB) is a multilateral development bank that promotes economic development in Asia. It is headquartered in Mandaluyong City, Metro Manila, Philippines. The ADB was founded in 1966 with 31 members, and now has 68 members, including 48 from Asia and 20 from other parts of the world.
The ADB’s mission is to reduce poverty and improve living standards in Asia and the Pacific. It does this by providing loans, grants, and technical assistance to governments and private sector organizations in the region. The ADB also works to promote good governance, regional cooperation, and the environment.
The ADB is one of the largest multilateral development banks in the world. In 2019, it approved $21.6 billion in new loans and grants. The ADB’s lending portfolio is now over $180 billion.
The ADB is governed by a Board of Governors, which is composed of representatives from all member countries. The Board of Governors meets once a year. The day-to-day operations of the ADB are managed by a President, who is appointed by the Board of Governors. The current President of the ADB is Masatsugu Asakawa.
The ADB is a member of the World Bank Group.