ADB cannot fight poverty in Asia and the Pacific by itself.
To safeguard development gains from past interventions, respond to present and emerging challenges brought by the COVID-19 crisis, and keep pushing for more growth in the region, ADB continues to build and maintain strong financing partnerships with governments, international multilateral organizations, private sector institutions, and other emerging development partners.
ADB’s financing partnerships can be “sovereign” in nature, i.e., driven by country needs determined by national governments of ADB member countries. They can also be “nonsovereign,” i.e., initiated by private entities, which may also be aligned with government priorities or respond to local concerns, such as microfinance, or regional concerns, such as digital health.
ADB and its financing partners pool financial resources, share in the risks involved, and combine knowledge and technical expertise in planning and implementing a development program or project. ADB offers full or partial administration of development assistance and programs cofinanced with partners.
Financing partnerships are well-established ways of working for development. Donors, multilateral institutions, and development agencies come together to assist developing countries with a variety of projects to improve people’s lives. When partners jointly finance a program or project, they each bring the best they can offer to the deal. Done well, financing partnerships leverage the resources—funding, knowledge, and expertise—of all partners to the greater benefit of the poor.