Gross domestic product per capita growth eased to 5.8% across ADB’s developing member countries (DMCs) in 2015 but was still far higher than in the rest of the world. Extreme income poverty has dropped as economies have grown and was down to 9% in 2013 from 12% in the previous year. If growth and other favorable conditions can be sustained, extreme poverty could be largely eradicated in the region by 2020. People gained greater access to vital infrastructure such as roads and electricity, and their use of formal banking services also grew. The 2015 Millennium Development Goal (MDG) targets on education were surpassed, and gender equality in access to education made large gains.
This DEfR also highlights eight stories of performance about ADB and the region and the way forward. These stories weave together the data and analysis from results and indicators across the four levels, connecting elements of the framework into a narrative of successes, challenges, actions, and remaining issues.
The 2016 DEfR is the fourth and final annual report under the 4-year ADB corporate results framework for 2013–2016.