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Who We Are

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.

About ADB

The Asian Development Bank (ADB) 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 assists its members, and partners, by providing loans, technical assistance, grants, and equity investments to promote social and economic development.

乐动体育注册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.


Members

From 31 members at its establishment in 1966, ADB has grown to encompass 68 members—of which 49 are from within Asia and the Pacific and 19 outside.

ADB History

Origins

乐动体育注册ADB was conceived in the early 1960s as a financial institution that would be Asian in character and foster economic growth and cooperation in one of the poorest regions in the world.

A resolution passed at the first Ministerial Conference on Asian Economic Cooperation held by the United Nations Economic Commission for Asia and the Far East in 1963 set that vision on the way to becoming reality.

乐动体育注册The Philippines capital of Manila was chosen to host the new institution, which opened on 19 December 1966, with 31 members that came together to serve a predominantly agricultural region. Takeshi Watanabe was ADB's first President.

During the 1960s, ADB focused much of its assistance on food production and rural development.

1970s

乐动体育注册When the world suffered its first oil price shock, ADB increased its support for energy projects, especially those promoting the development of domestic energy sources in member countries.

乐动体育注册Cofinancing operations, in which ADB manages the funds of other organizations, began to provide additional resources for ADB projects and programs. ADB’s first bond issue in Asia—worth $16.7 million and issued in Japan—took place in 1970.

乐动体育注册A major landmark was the establishment in 1974 of the Asian Development Fund to provide low-interest loans to ADB's poorest members.

By the end of the decade, some Asian economies had improved considerably and no longer needed ADB's assistance.

1980s

乐动体育注册In the wake of the second oil crisis, ADB continued its support to infrastructure development, particularly energy projects. ADB also increased its support to social infrastructure, including projects involving microfinance, the environment, education, urban planning, health issues, and helping women and girls.

In 1982, ADB opened its first field office—in Bangladesh—to bring operations closer to the people in need. Later in the decade, ADB began working with nongovernment organizations to help disadvantaged groups.

1990s

In 1995, ADB became the first multilateral organization to have a Board-approved governance policy to ensure that development assistance fully benefits the poor. Policies on involuntary resettlement and indigenous peoples were also put in place.

ADB's membership continued to expand with the addition of several Central Asian countries following the end of the Cold War.

乐动体育注册In mid-1997, a severe financial crisis hit the region, setting back Asia's economic gains. ADB responded with projects and programs to strengthen financial sectors and create social safety nets for the poor. ADB approved its largest single loan—a $4 billion emergency loan to the Republic of Korea—and established the Asian Currency Crisis Support Facility to accelerate assistance.

乐动体育注册In 1999—recognizing that economic development was bypassing many people in the region—ADB adopted poverty reduction as its overarching goal.

2000s

With the new century, ADB focused on helping its member countries achieve the Millennium Development Goals.

In 2003, the severe acute respiratory syndrome (SARS) epidemic hit the region, making it clear that fighting infectious diseases requires regional cooperation. ADB began providing support at national and regional levels to help countries more effectively respond to avian influenza and the growing threat of HIV/AIDS.

乐动体育注册ADB also had to respond to unprecedented natural disasters, committing more than $850 million for recovery in areas of India, Indonesia, Maldives, and Sri Lanka hit by the December 2004 Asian tsunami. In addition, a $1 billion line of assistance to help victims of the October 2005 earthquake in Pakistan was set up.

In 2009, ADB's Board of Governors agreed to triple ADB's capital base from $55 billion to $165 billion, giving it more resources to respond to the global economic crisis.

2010s

Asia moved beyond the economic crisis to emerge as a new engine of global growth in 2010 when the region’s gross domestic product increased by 9%. This was more than double the global growth rate during the same period and well above the 5.9% rate recorded in the region in 2009.

While the speed and strength of its economic recovery surprised many, the region still faced daunting challenges and remained home to two thirds of the world’s poor and a growing problem of inequality. This increasing gap between the rich and poor focused ADB on the need to promote inclusive growth in the region.

In response to reforms initiated by the Government of Myanmar, ADB resumed operations in the country. In April 2014, ADB established offices in Nay Pyi Taw and Yangon.

In May 2014, plans were announced to combine the lending operations of ADB’s two main funds, the Asian Development Fund and its ordinary capital resources. The merger will boost ADB’s total annual lending and grant approvals to as high as $20 billion—50% more than the current level when it takes effect in January 2017.

As the era of the Millennium Development Goals (MDGs) draws to a close, the results have been mixed. While ADB’s work has contributed to Asia and the Pacific slashing extreme poverty by more than half, the region is still home to 1.2 billion people who live on $3.10 a day or less and almost three-quarters of the world’s underweight children. About 600 million people have no access to electricity and 1.7 billion still lack improved sanitation. A huge amount of work still must be done with the new Sustainable Development Goals as important guideposts.

Annual Report

A Year of Growth and Strategic Transition

乐动体育注册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.

All Annual Reports

Financial Highlights

2018 Commitments

$21.6 B

Loans, grants, and others

$241 M

Technical assistance, excluding cofinancing

$14 B

Cofinancing, including trust funds

$14.2 B

Disbursements

Private Sector Operations as a Percentage of Ordinary Capital Resources

Policies and Strategies All Policies, Strategies, and Plans

Strategy 2030

乐动体育注册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.

Operations Manual

乐动体育注册ADB’s operations manual collects operational policies known as "Bank policies." The manual also includes operational procedures that spell out procedural requirements and guidance on the implementation of policies.

Partnership Strategies

The country partnership strategy is ADB's primary platform for designing operations to deliver development results at the country level.

The regional cooperation strategy outlines how an ADB-defined region or subregion can work together to foster economic growth and cooperation.

Partners

乐动体育注册ADB has formalized strategic partnerships with a number of multilateral organizations. Some examples are provided below:

Multilateral Banks and Multilateral Financial Institutions

The memorandum of understanding emphasizes closer consultation on country assistance strategies, the elimination of duplication of efforts, the harmonization of operational procedures and processes, and the enhancement of efficiency and effectiveness at country and institutional levels.

The memorandum of understanding乐动体育注册 strengthens collaboration, including cofinancing, between ADB and AIIB in matters of common interest, and sets out areas for a more strategic cooperation in the Asian region.

The memorandum of understanding focuses on joint operational activities in Central Asian Republics in institution development, environment, infrastructure, and private sector development.

The memorandum of understanding aims to foster knowledge management, promote exchange of best practices, and enhance policy and private sector dialogue, and South–South cooperation between Asia and Latin America.

The memorandum of understanding covers cooperation in projects that involve private sector and public–private partnerships, climate protection, in developing risk-mitigating financial instruments, and funding in local currency.

The partnership framework focuses on joint implementation, information exchange capacity building, and policy research in aid for trade, climate change, regional economic integration, south–south cooperation, aid effectiveness, among others. There is also a memorandum of understanding乐动体育注册 covering cooperation on sustainable low carbon transport.

International Financial Institutions—harmonized development results indicators for private sector investment operations

The memorandum of understanding乐动体育注册 sets forth the intent of the 25 international financial institutions that signed it to harmonize data collection on private sector operations by adopting a common set of indicators, their definitions, and measurement. The intent is to reduce the reporting burden on private sector clients and enable comparison of data across projects and countries.

The memorandum of understanding facilitates collaboration in matters of common interest and sets out areas for stratgic cooperation toward the achievement of common objectives.

Organizations with Global Outreach

The memorandum of understanding expands ADB's direct access to GEF resources to include direct access to allocation of GEF resources for the preparation and implementation of GEF projects.

The memorandum of understanding covers collaboration at regional, country, sector, program, and project levels in aid effectiveness, anticorruption, governance, local economic development, environment, and finance. The 2009 memorandum of agreement includes a joint activity on "Asian Pension Reform."

The partnership involves a grant agreement for the implementation of the project, "Prevention and Control of Avian Influenza in the Asia and the Pacific."

The memorandum of understanding which expired in 2004 covered implementation of joint technical assistance programs for ADB's developing member countries.

Regional Organizations

The memorandum of understanding aims to help accelerate ASEAN regional cooperation and integration process in Asia. There is also a grant agreement 乐动体育注册for the implementation of the project, "Prevention and Control of Avian Influenza in the Asia and the Pacific."

The memorandum of understanding乐动体育注册 aims to support the efforts of the countries in South Asia to attain a sustainable reduction in poverty.

The memorandum of understanding乐动体育注册 explains the operational framework and practical modalities for the cooperation on education development issues.

乐动体育注册ADB has established specific strategic frameworks with a number of bilateral aid agencies and/or government departments, with whom specific agreements have been signed.

The partnership framework乐动体育注册 (signed in March 2010) explains the partners' commitment to work closely together and jointly mobilize their resources to promote sustainable growth, fight poverty, and protect the environment. In 2010, an independent review of the partnership covering the period 1997–2009 was completed.

The partnership framework乐动体育注册 identifies the partners' commitment to a shared objective to assist developing countries to reduce poverty and achieve sustainable development; Millennium Development Goals (MDGs) as a focus of international efforts to reduce poverty by 2015; delivery of effective aid in line with Paris Declaration on Aid Effectiveness and the Accra Agenda for Action; and Principles for Good International Engagement in Fragile States and Situations.

The letter of intent identifies commitment to cooperate in education, water, energy, transport, health, finance, urban and environment sectors through cofinancing, seminars, conferences, staff exchanges, and other technical arrangements.

The memorandum of agreement explains the administrative arrangements on coordination of assistance to Brunei Darussalam–Indonesia–Malaysia–Philippines East ASEAN Growth Area (BIMP-EAGA).

The letter of intent focuses on the collaboration to improve water security in river basins through the Network of Asian River Basin Organizations.

Under a risk transfer arrangement, Sida guarantees a repayment of principal of up to $155 million of ADB’s sovereign ordinary capital resources portfolio of ongoing loans to support ADB’s sustainable level of lending.

The letter of intent乐动体育注册 provides the formal mechanism for cooperation on activities that help to promote human health and the environment in Asia.

The United Nations (UN) is an international organization founded in 1945 after the Second World War. Due to its unique international character, and the powers vested in its founding charter, the UN can take action on a wide range of issues, and provide a forum for its 192 member states to express their views. The UN has a number of programs and funds with whom ADB has formalized relations:

The memorandum of understanding contains the partners' commitment to support poverty reduction and inclusive and sustainable development in the Asia and Pacific. Priority areas include working together towards achieving the Sustainable Development Goals (SDGs) and promoting improved regional cooperation and connectivity.

The memorandum of understanding provides the working arrangements particularly cost sharing arrangements to be implemented for investment-related and support activities. There is currently a grant agreement乐动体育注册 for the implementation of the project "Prevention and Control of Avian Influenza in the Asia and the Pacific."

In 2010, ADB and FAO, together with the International Fund for Agricultural Development, signed the Asia-Pacific Regional Food Security Partnership Framework乐动体育注册 to support the countries of Asia and Pacific region in their efforts to achieve food security through increased availability of, access to and utilization of adequate, safe and nutritious food by the poor and vulnerable.

The memorandum of understanding seeks to intensify the partnership in urban infrastructure, with emphasis on the water and sanitation sector.

The memorandum of understanding provides the operational framework and practical modalities for the cooperation focused on social protection.

The memorandum of understanding contains the understanding to work together through advocacy, policy development, and knowledge management toward achieving the Millennium Development Goal related to HIV-AIDS, and reduce the risk and vulnerability of individuals and communities to HIV-AIDS.

The memorandum of understanding乐动体育注册 provides the administrative arrangements in supporting international development in the Asia and the Pacific region. An example of this is the cooperation in implementing the ADB project "Capacity Development for Development Effectiveness Program" until April 2010.

The memorandum of understanding乐动体育注册 contains the commitment to join forces to fight disparities, reduce poverty, and ensure equitable and sustainable development benefits for all children in Asia and the Pacific.

The memorandum of understanding contains the working arrangements in implementing activities such as joint studies, projects, workshops, conferences, and exchange of information promoting industrial development for poverty reduction, inclusive globalization, and environmental sustainability.

The letter of intent乐动体育注册 contains the understanding to cooperate in education programs on the dangers of drug abuse, illicit crop monitoring, and anti-money laundering, and anticorruption programs.

Civil Society

ADB has been engaged in partnerships with civil society for over a decade. The relationship is often triangular in nature, involving both client governments and civil society organizations, working to implement projects and technical assistance activities. For example, ADB's Nongovernmental Organization (NGO) Center manages cooperation agreements with the ) and the . The memorandums of understanding [IUCN; WWF] signed with them formalize cooperation to realize the common aim of poverty reduction and environmentally sustainable development.

Another example is the partnership with the . With the signed letter of intent, IFRC and various ADB departments commit to collaborate in the areas of disaster preparedness and disaster response and health and community care.

Foundations

ADB signed its first memorandum of understanding乐动体育注册 with a foundation in January 2008 with the , formalizing a mature collaborative relationship, focused on poverty reduction and innovative approaches to bring civil society, the private sector, and government onto a common development platform.

ADB has also initiated consultations with a number of other foundations, including the Clinton Foundation. Cooperation with foundations is expected to grow in upcoming years.

Think Tanks, Research and Academic Institutions

ADB's cooperation with academic and research institutions covers a wide range of formal and informal aspects. Recognizing the need to leverage knowledge inside and outside the organization, ADB has signed formal cooperation agreements with five research or academic institutions, including institutional agreements with the [memorandum of understanding] and a joint declaration of intent with the .