ADB remains committed to ending poverty in the region. Poverty reduction has been ADB’s goal since 1999 and an important feature of its planning and operations since its establishment. The extraordinary economic expansion of recent years has made the eradication of income poverty a possibility by 2020.
This will require continued work to sustain the current high rates of GDP growth per capita, as well as additional effort to ensure that the poor are able to participate in, benefit from, and contribute to the growth process.
ADB’s Enhanced Poverty Reduction emphasizes increased harmonization and alignment of poverty reduction programs among donors and member countries, as well as the fostering of partnerships for poverty reduction. The approach also puts emphasis on managing for development results and capacity development. The strategy is made up of three pillars:
- pro-poor sustainable economic growth
- inclusive social development
- good governance, which also includes the cross-cutting priorities of environmental sustainability, gender equity, private sector development, and regional cooperation