ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.
Established in 1966, it is owned by 69 members—49 from the region.
ORGANIZATION
ACCOUNTABILITY
ADB supports projects in developing member countries that create economic and development impact, delivered through both public and private sector operations, advisory services, and knowledge support.
Strategy 2030
Strategy 2030 sets the course for ADB’s efforts to respond effectively to the Asia and Pacific region’s changing needs. Under Strategy 2030, ADB will expand its vision to achieve a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.
Strategy 2030 Midterm Review - A Road Map for Evolution
ADB’s Strategy 2030 Midterm Review—an update of its corporate strategy—is a Road Map for how the bank will transform in a rapidly changing development landscape and respond to challenges that threaten its vision for a prosperous, inclusive, resilient, and sustainable region.
The review sharpens ADB’s strategic focus and sets new corporate targets in key areas. In line with its mandate to fight poverty and improve lives and livelihoods, ADB will deepen its focus on five of the region’s most pressing development issues.
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Partnership and Client-centeredness Are at the Heart of ADB’s Identity
ADB is adapting to evolving development changes in the region by addressing the diverse needs of its clients and engaging with new development partners. With over 50 years of experience, ADB emphasizes the importance of listening to clients and partners to achieve lasting impact. The Strategy 2030 Midterm Review reinforces this approach through the ADB’s organizational vision, guiding staff in their roles and actions.
Solving Challenges Together, Connecting the Region, and Empowering People for Dynamic Economies and a Healthy Planet
ADB as Pioneer in MDB Evolution
ADB is leading the charge on multilateral development bank (MDB) evolution in response to these changing needs. It increased its financial firepower to meet growing demand, updated its organizational vision to focus on the most pressing issues for the region, and streamlined systems and processes for bigger, bolder, and better impact.
Pillars of MDB Evolution
The rapidly changing development landscape has led to broad calls for MDB evolution.
Strategy 2030 Midterm Review: A Snapshot
Sustaining ADB's transformation momentum and steering it through the critical period up to 2030 requires sustained effort.
Tackling Climate Change, and Improving Lives and Livelihoods
50%
of ADB's total annual committed financing will support climate action by the year 2030
$13 billion
in total private sector financing to be reached by 2030
including $4.5 billion
in direct private capital mobilization
Strategic Focus Areas
ADB needs to focus on the region’s most pressing development issues. The Strategy 2030 Midterm Review lays out five strategic focus areas where ADB can have a bold impact on poverty reduction and economic and social development.
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Climate Action
More than $100 billion in cumulative climate finance (2019–2030) and for climate finance to reach 50% of the total committed financing volume, by 2030
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Private Sector Development
$13 billion of ADB’s own account financing and all direct mobilization, including a minimum of $4.5 billion in direct private capital mobilization, and 40% of sovereign operations contributing to private sector development, by 2030
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Regional Cooperation and Public Goods
30% of operations contributing to regional cooperation and integration, including those supporting public goods by 2030
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Digital Transformation
Operations supporting digital transformation expected to grow year over year across sovereign and nonsovereign operations
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Resilience and Empowerment
60% gender mainstreaming across sovereign and nonsovereign operations and 75% of operations supporting poverty reduction and inclusiveness, by 2030
Poverty reduction as well as inclusive and sustainable growth remain of paramount importance to the region and to ADB. Promoting inclusive and sustainable growth, eliminating extreme poverty, accelerating progress in gender equality and women’s empowerment, and supporting sustainability and resilience for people and the planet remain embedded at the core of ADB’s identity, and remain primary objectives across the spectrum of ADB’s work.
Transforming the Way We Work
ADB is undertaking a range of activities to scale up and successfully deploy its financial capacity, empower staff to deliver high-impact solutions, and transform the way they work for more efficient, high-quality delivery of support.
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Finance and Deployment
Build an ambitious pipeline of up to $360 billion in development financing over the next decade
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Empowering People
New approaches to recruitment, skills development, performance management, and cultural transformation
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Systems and Processes
Enhanced country engagement, digital transformation, and updated knowledge management, alongside streamlining of core business processes