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 68 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.
Financing Partnerships
ADB and its financing partners pool financial resources, share the risks involved, and combine knowledge and technical expertise in planning and implementing development programs or projects.
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- Why partner with ADB
- Strategy 2030
Overview: Financing Partnerships
In 2022, ADB partnerships drove resilience and growth. Through innovative and responsive projects, ADB and its partners helped developing member countries address the impacts of the pandemic while strengthening them to face emerging and existing crises that threaten to hinder their recovery. They focused on projects that boost the resilience of poor and vulnerable people so that the progress already achieved in reducing poverty and improving people’s lives in Asia and the Pacific is protected and sustained.
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.
“Resilience is one of the four pillars of ADB’s Strategy 2030. We want to build resilience in all aspects of our development work. We want resilient infrastructure, cities, and communities. We want the environment and natural resources to be resilient. We want all economies in the region to be resilient. Our partnerships made significant strides in 2022 in promoting resilience.”
Sharing Progress: Why Partner with ADB
Partnering with ADB allows donors to participate in the economic and social development of the world’s fastest growing region. With a presence in 49 countries and over 50 years of accumulated experience in implementing projects in Asia and the Pacific, ADB’s breadth in operations adds value to programs financed with partners.
Resource pooling
Partners can tap into ADB’s existing portfolio of large-scale investment projects in the pipeline or pool resources and develop a common project pipeline. ADB provides nonbinding collaboration opportunities to scale up and promote local, national, and regional development projects and programs.
Risk-sharing
Partners can rely on ADB’s due diligence process for project processing, lower their transaction costs, and receive transparent reporting on the progress and development impact of projects and programs. Established policies address. environmental and social impacts and risks as well as ensure transparency and fairness.
Knowledge generation
ADB promotes knowledge generation and sharing across the organization and the region and provides high-quality policy advice that helps strengthen the institutional capacity of its member countries.
Development coordination
ADB uses its convening power to catalyze and coordinate action on development challenges while creating synergies among various public and private development initiatives.
Financing Partnerships and ADB Strategy 2030
Financing partnerships are working intensely—designing and implementing projects, testing ideas, and sharing knowledge—to achieve the targets of Strategy 2030’s seven operational priorities and working toward a green, inclusive, and resilient COVID-19 pandemic recovery in Asia and the Pacific.
Addressing remaining poverty and reducing inequalities
Partnerships are imperative to address the complexity and breadth of the challenges posed by COVID-19. ADB is committed to corralling ideas as well as delivering on the ambition of a recovery that sets a sustainable path for everyone, especially the poor and marginalized.
Accelerating progress in gender equality
Financing partnerships addressed the immediate gender impacts of the COVID-19 pandemic to keep the region from sliding behind on its gender equality commitments and, more broadly, to the Sustainable Development Goals.
Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability
Climate action and mainstreaming the environment are complex and require serious thinking on how humans should interact with nature and the planet. ADB and its partners are heeding this call through ambitious climate action and nature-positive projects that offer concrete results and prioritize a green and sustainable future
Making cities more livable
The COVID-19 pandemic gave a new dimension to resilience, especially in cities that have already been challenged by rapid migration for decades. ADB and its partners are working to make cities more sustainable, livable, and resilient.
Promoting rural development and food security
The COVID-19 pandemic disrupted agricultural value chains and rural economies, exacerbated poverty and food insecurity, and undermined development gains. ADB and its partners are addressing sustainable agri-food systems, inclusive rural development, and innovative investments for rural revitalization and a greener and resilient recovery.
Governance and Capacity Building
ADB and its financing partners, governments, and the broader global development community have shifted their focus on how to recover lost ground and reignite momentum behind the Sustainable Development Goals (SDGs). There is a broad consensus that real SDG progress is linked to better governance and more effective governments.
Fostering regional cooperation and integration
ADB’s financing partnerships has a solid track record of regional cooperation, not just on infrastructure connectivity, trade, and finance, but also in combating the spread of communicable and infectious diseases, such as SARS, avian flu, HIV/AIDS, and tuberculosis, malaria, and now, COVID-19.