In Focus: General Capital Increase V

Date: April 2010
Type: Brochures and Flyers
Subject:
Series: In Focus

Description

UPDATE. The fifth general capital increase (GCI V) tripled ADB's capital base to about $165 billion

Why is GCI V needed?

About 900 million people in Asia still live below the poverty line of $1.25 a day. A resource gap estimated at $53 billion a year compromises Asia's efforts to achieve the Millennium Development Goals. To support the priority investment needs of its developing member countries, particularly given the ongoing global economic crisis, a capital increase for ADB—the leading development bank based in the region—was essential.