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Over $16 billion from Partners Push ADB’s Focus on Climate Action, Sustainable Development

In 2023, ADB channeled $16.4 billion in cofinancing for climate action and sustainable development in the Asia and Pacific region, alongside ADB’s commitments of $23.6 billion, according to the latest ADB Partnership report.

Photo: Asian Development Bank

ADB Operations Reach $23.6 Billion in 2023, Achieve Record Climate Finance

ADB committed $23.6 billion from its own resources in 2023, including $9.8 billion for climate action, to help Asia and the Pacific progress on sustainable development.

Addressing gender inequality continued to be a cornerstone of the bank’s work, with almost all its 2023 operations contributing to reduce remaining imbalances, including support to mitigate the disproportionate gender impacts of climate change.

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Data and Statistics   ADB's Data and Statistics

Data and statistical analysis in the Asia and Pacific region contributes to knowledge generation in ADB, helping strengthen its institutional priorities and operational effectiveness in its developing member countries.

Work and Retirement of Older Persons

People in developing Asia continue working into old age. In 2021, the average labor force participation rate for people aged 65 and over was 32.0% for men, well above the OECD average, and 15.2% for women. The average share of informal workers among older people is 94%.

At the same time, the working capacity of older people in Asia is a sizable untapped resource. Formal workers typically retire as soon as they are eligible for a pension, despite a substantial increase in healthy longevity. More than 80% of men aged 60–64 are healthy enough to work, but many are not gainfully employed. The “silver dividend,” or the additional productivity that can be gained from the untapped work capacity of older people, can boost gross domestic product by up to 1.5% in the economies studied.

  ADB Data Library

The ADB Data Library is the central store for all of ADB's public data. Browse data, view visualizations and interact with APIs.

  Key Indicators Database (KIDB)

KIDB is ADB's central statistical database for macroeconomic and social indicators from across Asia and the Pacific.

  AsianBondsOnline

AsianBondsOnline is a one-stop source of information on bond markets in emerging East Asia.

Featured Publications and Documents   ADB's Publications and Documents

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