The Asian Development Bank (ADB) committed a record USD39.2 billion in 2024 to tackle critical development challenges across Asia and the Pacific, underscoring its growing economic influence and strategic shift toward more impactful, resilient investments.
According to its Annual Report 2024, released Thursday, ADB deployed USD24.3 billion from its own resources, supplemented by USD14.9 billion in co financing with global partners. The financing package included loans, grants, equity investments, guarantees, and technical assistance to both public and private sectors across its developing member countries (DMCs).
“With our increased financial firepower and a sharper strategic focus, ADB is turning commitment into concrete results,” said ADB president Masato Kanda. “We are financing more affordable and efficient energy and transport systems, supporting a vibrant private sector that creates better-quality jobs, and strengthening basic services in education, health, and social protection.”
A key highlight was a USD4.8 billion commitment to private sector operations, marking a 28.5 percent increase from 2023, and generating over 1 million direct jobs. The investments focused on strengthening business environments, expanding trade, and deepening capital markets in partnership with governments, financial institutions, and investors.
The report also points to strategic reforms positioning ADB for long-term growth, including a capital management overhaul projected to expand its operational capacity by 50 percent over the next decade. In parallel, ADB secured a record $5 billion replenishment for the Asian Development Fund, targeting the region’s poorest and most vulnerable economies.
Beyond finance, ADB emphasized its role in knowledge-sharing and reform support, aiding DMCs in public financial management, domestic revenue mobilization, and climate resilience. Key focus areas included sustainable food systems, disaster risk mitigation, and environmental restoration.
Founded in 1966 and owned by 69 members—49 from Asia and the Pacific—ADB continues to evolve as a leading force in sustainable development financing. Its latest results signal a decisive shift toward broader and deeper impact in a region facing mounting environmental, social, and economic pressures.
