The ADB Office in Singapore was established in 2020 to expand strategic collaboration.
The Partnership Report 2022 highlights the work of ADB and its partners in cofinancing development in Asia and the Pacific in the past year.
ADB President Masatsugu Asakawa and Singapore Deputy Prime Minister and Finance Minister Lawrence Wong signed a Memorandum of Understanding to promote greater investment in the region and to recognize the importance of private sector finance as well as catalyzing public sector resources for sustainable and inclusive development.
Singapore is a founding member of ADB. It has provided $480.7 million in capital subscription to ADB. It has also contributed and committed $32.18 million to Special Funds since becoming a member.
ADB President Masatsugu Asakawa and Singapore Deputy Prime Minister and Minister for Finance Heng Swee Keat officially opened ADB’s new office in Singapore.