In the Spotlight
Asia and the Pacific economies invest nearly $900 billion a year in infrastructure, but the region needs much more to keep pace with rising demand spurred by economic growth.
From 12% of global GDP in the early 1960s to almost one third today, Asia's enviable economic growth has been consistent and robust. Greater wealth has brought social progress in Asia and the Pacific. But as the region has prospered, its share of carbon dioxide emissions has reached nearly half the global total.
The Pacific Approach 2016-2020 outlines a three-pronged strategy focusing on reducing costs, managing risks, and enabling value creation. This is applicable to all Pacific island countries and especially relevant for the 11 smaller Pacific Island countries (PIC-11).
The Asian Development Bank aims for an Asia and Pacific free from poverty. Its mission is to help developing member countries reduce poverty and improve the quality of life of their people. 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 1.2 billion on less than $3.10 a day.
ADB in partnership with member governments, independent specialists and other financial institutions is focused on delivering projects in developing member countries that create economic and development impact.
As a multilateral development finance institution, ADB provides:
- technical assistance
Our clients are our member governments, who are also our shareholders. In addition, we provide direct assistance to private enterprises of developing member countries through equity investments and loans.
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
Areas of Focus and Results
ADB operations are designed to support the three complementary agendas of inclusive economic growth, environmentally sustainable growth, and regional integration. ADB employs its limited resources in its areas of comparative strength—the core areas of:
- Infrastructure (water, energy, transport, urban development, information and communications technology)
- Regional cooperation and integration
- Finance sector development
ADB also operates on a limited scale in other areas, including
Where does ADB get its funding?
ADB raises funds through bond issues on the world's capital markets. We also rely on our members' contributions, retained earnings from our lending operations, and the repayment of loans. We also provide loans and grants from a number of special funds.
How much assistance does ADB provide?
ADB operations reached an all-time high of $31.5 billion in 2016, a 17% increase from $26.9 billion in 2015.
ADB's approvals of loans and grants for sovereign and nonsovereign operations reached $17.5 billion - a 9% increase from $16.0 billion in 2015. Non-concessional loans from ADB’s Ordinary Capital Resources (OCR) amounted to $14.4 billion. Concessional loans and grants from the Asian Development Fund (ADF) reached $3.1 billion, with $2.6 billion going to loans and $518 million to grants. Technical assistance increased by around 20% to $170 million from 2015’s $141 million figure.