In the Spotlight
ADB’s?2018 Annual Report?focuses on the adoption of a new corporate strategy and highlights the transition in progress across all aspects of its operations and organization to meet the needs of its developing members. Read the news release
Strategy 2030 sets the course for ADB’s efforts to respond effectively to the Asia and Pacific region’s changing needs.?Under Strategy 2030, ADB will expand its vision to achieve a?prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.
In 2018, ADB?launched a new long-term corporate strategy to work toward a prosperous, inclusive, and sustainable Asia and the Pacific.?This was just one aspect of a busy year in 2018.
ADB ranked first in the 2018 Aid Transparency Index, compiled by British nongovernment organization Publish What You Fund, in recognition of its ongoing efforts to improve the quality and scope of its aid data disclosure.
The Asian Development Bank envisions a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty in the region. Despite the region's many successes, it remains home to a large share of the world's poor: 330 million living on less than $1.90 a day and 1.24 billion on less than $3.20 a day.
ADB in partnership with member governments, independent specialists and other financial institutions is focused on delivering projects in developing member countries that create economic and development impact.
?As a multilateral development finance institution, ADB provides:
- technical assistance
Our clients are our member governments, who are also our shareholders. In addition, we provide direct assistance to private enterprises of developing member countries through equity investments and loans.
ADB maximizes the development impact of its assistance by
- facilitating policy dialogues,
- providing advisory services, and
- mobilizing financial resources through cofinancing operations that tap official, commercial, and export credit sources
To achieve our vision, we focus on seven operational priority areas. Our support in these areas are delivered through both public and private sector operations, advisory services, and knowledge support.
- addressing remaining poverty and reducing inequality
- accelerating progress in gender equality
- tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability
- making cities more livable
- promoting rural development and food security
- strengthening governance and institutional capacity
- fostering regional cooperation and integration
Where does ADB get its funding?
ADB raises funds through bond issues on the world's capital markets. We also rely on our members' contributions, retained earnings from our lending operations, and the repayment of loans. We also provide loans and grants from a number of special funds.
How much assistance does ADB provide?
In 2018, the demand for ADB assistance continued to grow. New commitments in 2018 reached $21.58 billion in loans and grants, exceeding the target of $19.71 billion and the 2017 total of $19.69 billion. Of the 2018 total, private sector commitments saw year-on-year growth of 37% to about $3.14 billion, the highest level to date. ADB private sector operations also mobilized cofinancing of $7.17 billion. Including official and commercial cofinancing and technical assistance, ADB’s total commitments last year were $35.82 billion, a 13% increase on 2017.