The Asian Development Bank (ADB) was founded in 1966 to promote economic development and cooperation in the Asia-Pacific region. Established with the goal of reducing poverty and improving living standards, the ADB has played a crucial role in financing infrastructure projects and fostering regional integration. Its establishment marked a significant step towards collaborative economic growth in Asia, addressing pressing development challenges.

The founding of the Asian Development Bank in 1966 influenced Asian and postcolonial poetry, as poets began to address themes of modernization and cultural change. This literary movement reflected the socio-economic transformations occurring in the region, with poets exploring the complexities of identity and development in their works.