||The Asian Development Bank (ADB)
The Asian Development Bank aims for an Asia and Pacific free from poverty. Approximately 1.8 billion people in the region are poor and unable to access essential goods, services, assets and opportunities to which every human is entitled.
Since its founding in 1966, ADB has been driven by an inspiration and dedication to improving people’s lives in Asia and the Pacific. By targeting our investments wisely, in partnership with our developing member countries and other stakeholders, we can alleviate poverty and help create a world in which everyone can share in the benefits of sustained and inclusive growth.
The Asian Development Bank is a major source of development financing for the Asia and Pacific region. ADB – in partnership with member governments, independent specialists and other financial institutions – is focused on delivering projects that create economic and development impact.
Whether it be through investment in infrastructure, health care services, financial and public administration systems, or helping nations prepare for the impact of climate change or better manage their natural resources, ADB is committed to helping developing member countries evolve into thriving, modern economies that are well integrated with each other and the world.
The main devices for assistance are loans, grants, policy dialogue, technical assistance and equity investments. Its Strategy 2020 identifies drivers of change that will be stressed in all its operations – developing the private sector, encouraging good governance, supporting gender equity, helping developing countries gain knowledge, and expanding partnerships with other development institutions, the private sector, and with community-based organizations.
Over the past 6 years, ADB, through the Asian Development Fund has:
- built or upgraded over 135,000 classrooms;
- trained over 660,000 teachers;
- built or upgraded over 44,300 kilometers (km) of roads;
- installed or rehabilitated over 17,800 km of water supply pipes;
- upgraded sanitation in over 269,000 households;
- improved over 1.8 million hectares of land as a result of irrigation, drainage, and flood management initiatives;
- installed 300 megawatts of new generating capacity, and built or upgraded more than 34,127 kilometers of transmission and distribution lines; and
- enabled new microfinance accounts and end borrowers to grow to over 2.7 million.