ADB aims for an Asia and Pacific free from poverty. Approximately 1. Billion people in the region are poor and unable to access essential goods, services, assets and opportunities. It focuses on five core areas of operations: infrastructure; the environment; regional cooperation and integration; and finance sector development.
ADB aims for an Asia and Pacific free from poverty. Approximately 1. Billion people in the region are poor and unable to access essential goods, services, assets and opportunities. It focuses on five core areas of operations: infrastructure; the environment; regional cooperation and integration; and finance sector development.
ADB aims for an Asia and Pacific free from poverty. Approximately 1. Billion people in the region are poor and unable to access essential goods, services, assets and opportunities. It focuses on five core areas of operations: infrastructure; the environment; regional cooperation and integration; and finance sector development.
from poverty. Approximately 1.4 billion people in the region are poor and unable to access essential goods, services, assets and opportunities to which every human is entitled.
What does ADB do?
With $22.93billion in approved financing in 2014and 2,997employees from 60of its 67 members, ADB in partnership with member governments, independent specialists and other financial institutions is focused on delivering projects that create economic and development impact. ADB helps developing member countries tackle poverty by providing loans, technical assistance and grants for a broad range of development activities. ADB focuses on five core areas of operations: infrastructure; the environment, including climate change; regional cooperation and integration; finance sector development; and education. Asian Development Fundoperations completed during 2010-2013 has helped ADBs poorest member countries deliver results in many areas. It has:
built or upgraded educational facilities for the benefit of over 17
million students, and trained over 1 million teachers with quality or competency standards. More than 28 million students were educated and trained under improved quality assurance systems; built or upgraded 25,000 km of roads which saw over 10 million vehicle-km of daily use on average in the first full year of operation; provided more than 1million households with access to clean water by installing or rehabilitating 15,000 km of water supply pipes, and upgraded sanitation in 293,000 households. Almost 2 million hectares of land have been improved as a result of irrigation, drainage, and flood management initiatives; installed 230 megawatts of new generating capacity, and built or upgraded 11,300 kilometers (km) of transmission and distribution lines; and reduced greenhouse gas emissions by 600,000 tons of carbon dioxide equivalent per year by promoting more efficient and cleaner energy operations.
Who owns ADB?
ADB has 67 shareholding members including 48 from the Asia and Pacific region. Membership in ADB is open to: members and associate members of theUnited Nation Economic and Social Commission for Asia and the Pacific; and other regional countries and non-regional developed countries that are members of the United Nations or of any of its specialized agencies.
How does ADB differ from commercial banks?
ADB is a multilateral development finance institution that
engages in mostly public sector lending for development purposes. The clients are The member governments, who are also the shareholders. They also provide direct assistance to private enterprises of developing member countries through equity investments and loans. An innovation to combine concessional lending operations with ordinary capital resources balance sheet aims to enhance ADBs lending capacity.
How much assistance does ADB
provide to support development activities in the Asia-Pacific region? In 2014, ADBs operations totaled $22.93billion, of which $13.69billion was financed by ADB (Ordinary Capital Resources (OCR) and Special Funds) and $9.24billion by co financing partners. Sovereign operations in 2014, including official and technical assistance co financing, totaled $15.99billion.Some of ADB's sovereign financing included: $11.20 billion in loans, $405 million in grants, $148 million in technical assistance. Non sovereign operations, including co financing, totaled $6.94 billion. Some of ADB's non-sovereign financing included: $17.14billion in loans, $185million in equity investments.
How is ADB governed?
ADB's highest policy-making body is theBoard of Governors, whichmeets annuallyand comprises one representative from each member nation 48 from the Asia-Pacific and 19 from outside the region. The Governors elect 12 members of theBoard of Directors. The ADB President, assisted by six Vice Presidents and a Managing Director General, manages the business of ADB.
Does ADB share information about its operations with the
public?
ADB values transparency and is
committed to increasedaccess to informationunder thepublic communications policy(PCP). An essential part of the institutional governance, the PCP promotes proactive external relations and recognizes the right of people to seek, access, and impart information
The review of the 2005 policy in
2010 has shown that overall the public communications policy remains relevant and that ADB compares well against other multilateral development banks in terms of information disclosure good practices
How does ADB ensure that the voice of the poor is heard at all levels of decision making?
ADB consults people from all sections of
society to ensure that the projects, programs, and strategies meet people's needs. Thecountry partnership strategythe main planning document at the country level - emphasizes consultation with the government, the private sector, civil society, and all project stakeholders.
What is ADB doing to fight corruption?
TheAnticorruption Policyrequires all staff and parties
carrying out activities financed by ADB (e.g., bidders, consulting firms, consultants, contractors, and suppliers) to adhere to the highest financial and ethical standards. The Office of Anticorruption and Integrity (OAI) conducts investigations and audits related to project procurement, and raises awareness on anticorruption issues. Contact OAIto report concerns or evidence that corruption, fraud, coercion, collusion, abuse, conflict of interest, or obstructive practice may have occurred or is occurring related to any ADB-financed activity.