The Asian Development Bank's Annual Report 2007 presents the year's activities, focusing on results and how ADB is improving lives in the Asia and Pacific region.
Financial highlights:
$10.1 billion approved for 96 loans for 82 projects
$79.8 million approved for 5 equity investments
$376.0 million approved for 4 guarantees
$425.0 million approved for 2 syndication operations
$672.7 million approved for 39 grants
$243.4 million approved for 242 technical assistance activities
$4.0 billion approved for 7 multitranche financing facilities
$6.8 billion disbursed during 2007, up from $5.7 billion in 2006
Major operational and institutional highlights:
Lending was up by 37% compared with 2006.
Most assistance went to the operational sector, with $3.9 billion or 39% of total loans going to transport and communications, more than double the amount in 2006.
Pakistan was the largest borrower, with $2.0 billion.
The largest project loan in ADB’s history was approved for the $1.1 billion Kunming–Hai Phong Transport Corridor–Noi Bai–Lao Cai Highway in Southeast Asia.
Armenia received its first loans, for rural roads and water supply.
Analysis and consultations showed that the nature of poverty is changing and that more attention should be given to ensuring that economic growth is inclusive.
The new long-term strategic framework was reviewed; it will guide ADB’s operations in 2008–2020, with strong emphasis on achieving development impact with a wide range of partners within and outside the region.
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