Budget of the Asian Development Bank for 2014

Date: November 2013
Type: Statutory Reports and Official Records
Subject:
ADB administration and governance
Series: Budget of the Asian Development Bank

Description

This memorandum presents for the Board of Directors’ consideration the proposed budget of the Asian Development Bank (ADB) for 2014.

The proposed 2014 budget for ADB aims to adequately fund the implementation of Strategy 2020, including increasing emphasis on inclusive growth, environmentally sustainable growth, and regional integration.

The 2014 budget takes into account the tight fiscal situation of many of ADB's member countries, ADB’s income situation, and the stabilized level of ADB lending. At the same time, several cost pressures remain including (i) the expansion of operations in Myanmar; (ii) business continuity and emergency preparedness; (iii) increased rental costs in the resident missions, office relocations, and the renovation of several resident missions; and (iv) the continued scaling up of ADB’s private sector portfolio to achieve its Strategy 2020 target. Adequate budget resources are also required to improve project implementation and provide support to ADB’s finance++ services, which involves the expansion of knowledge services and the levels of co-financing.

Contents

  • Executive Summary
  • Overview
  • Current Perspective
  • Highlights of the 2014 Program
  • Independent Evaluation and Accountability Mechanism
  • Financial Resources
  • 2014 Budgetary Resources
  • Capital Expenditures
  • Recommendations
  • 2014 Budget Appendixes