The Asian Development Bank (ADB) committed USD24.3 billion from its own resources in 2024, alongside USD14.9 billion in co-financing from global partners, to tackle the most pressing development challenges across Asia and the Pacific.
The figures are detailed in ADB’s Annual Report 2024, which highlights the bank’s focus on sustainability, resilience, and inclusive growth in 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’re financing greener energy and transport, empowering the private sector, and strengthening basic services like education and health.”
The USD24.3 billion commitment included loans, grants, equity investments, guarantees, and technical assistance, with USD4.8 billion channeled into private sector initiatives—a 28.5 percent increase from 2023. These investments directly supported over 1 million jobs, enabled private sector growth, and bolstered capital markets and trade.
ADB’s report highlights major institutional reforms, including capital management enhancements expected to increase operations by 50 percent over the next decade, and a record USD5 billion replenishment for the Asian Development Fund, which aids the region’s poorest nations.
The bank also stepped up efforts in climate adaptation, food system resilience, and biodiversity conservation. Countries were supported in implementing critical public financial management reforms, reducing fiscal risks, and improving revenue systems to promote sustainable development.
As the region’s leading multilateral development institution, ADB’s growing impact reflects its role in fostering inclusive, climate-smart, and forward-looking solutions, ensuring no one is left behind.
Founded in 1966, ADB is owned by 69 members, 49 of which are from the region. The institution continues to leverage its financial resources and partnerships to shape a more prosperous and resilient Asia-Pacific.
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