Asian Development Bank

President
Masatsugu Asakawa
September 2021

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Overview: Asian Development Bank (ADB)• Founded in 1966
- 31 founding members: 19 regional members, 12 non-regional members- 68 current members: 49 regional members, 19 non-regional members• Headquartered in Manila, Philippines• Bonds issued first in Germany (1969), followed by in Austria (1970),
Japan (1970), and the U.S. (1971)• Main Roles: help developing members in Asia and the Pacificthrough: (i) combining finance and knowledge; (ii) promoting good
policies; and (iii) catalyzing regional cooperation and friendship.
• 3,658 Staff (including international staff 1,327)
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ADB Regional Members (49 economies)

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Economic Outlook for Developing Asia
q After 5.0% real GDP growth in 2019, developing Asia is estimated to havecontracted by 0.1% in 2020—the region’s first contraction in 6 decades.
q Growth will rebound to 7.1% in 2021 and 5.4% in 2022, but GDP levels willremain below pre-COVID trends.
q The main risks still come from COVID-19, including renewed outbreaks,
waning vaccine effectiveness, and delayed vaccine rollouts.
Real GDP level in developing Asia

Real GDP growth rate in developing Asia

GDP levels, 2019 = 100

%

120

8
6

7.1
115

6.0

5.4

5.0

4

105

2

100

0

95
-0.1
2019

2020

Source: Asian Development Outlook database.

Prepandemic
GDP level

90

-2
2018

Pre-COVID-19 trend

110

2018

2021
2022
Forecast

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2019

2020

2021

2022
ForecastEconomic Outlook for Subregions
q Developing Asia is bouncing back, to varying degrees.
q Strong growth in East and South Asia contrasts with more moderate
recoveries elsewhere.
GDP growth (%)
2020 2021 2022

2020 2021 2022

Developing Asia

-0.1

7.1

5.4

East Asia
Mongolia
People’s Rep. of
China
Taipei,China

1.8
-5.3

7.6
4.6

5.1
6.0

Southeast Asia
Indonesia

-4.0
-2.1

3.1
3.5

5.0
4.8

2.3

8.1

5.5

Malaysia

-5.6

4.7

6.1

3.1

6.2

3.0

South Asia
Bangladesh

-5.5
5.2

8.8
5.5

7.0
6.8

Philippines
Thailand
Viet Nam

-9.6
-6.1
2.9

4.5
0.8
3.8

5.5
3.9
6.5

India

-7.3

10.0

7.5

-5.3

-0.6

4.8

Maldives

-32.0

18.0

15.0

-15.7

-5.0

8.8

Pakistan

-0.5

3.9*

4.0

-3.3

1.3

4.1

Central Asia
Kazakhstan

-1.9
-2.6

4.1
3.4

4.2
3.7

Uzbekistan

1.6

5.0

5.5

The PacificFiji
Papua New
GuineaNote: * denotes official growth estimates from the government Data for Bangladesh, India, andPakistan are on fiscal year basis, ended 30 June 2021 for Bangladesh and Pakistan; and ending 31
March 2022 for India.
Source: Asian Development Outlook database.
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• Following 1.8% growth lastyear, East Asia will expandby 7.6% this year on strong
PRC growth• After a sharp contraction in
2020, growth in India andSouth Asia will rebound• Commodity exporters (KAZ,
AZE, MON, PNG) will
benefit from recovery incommodity prices• Tourism-dependent
economies (especially
Pacific) will be held back byslow travel recovery

Factors behind the PRC (People’s Republic of China)’s
Growth Moderation and Policy Priorities
q PRC grew 2.3% in 2020. This will be followed by above-normal 8.1% growth in
2021, and then a return to its pre-COVID-19 trend of moderating growth.
Government policy priorities balance
growth with other considerations:• Heading off financial risks• Controlling environmental pollution• Reducing rural-urban inequalities

PRC economic growth
%
40
30
20
10

18.3

Retail sales

GDP growth

7.4 7.0 6.8 6.9 6.7

6.0

Industrial value added
6.3 6.0 5.9 5.8

3.2

2.3

4.9

7.9

6.5

0
-10

-6.8

-20
2014

2016

2018

2020

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2019

2021

2020

Source: CEIC Data Company (accessed 21 September 2021).
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Structural factors are also
contributing to long run trend growthmoderation:• Rebalancing from investment- to
consumption-driven growth• An aging population, which
requires introducing reliable andsustainable social security• Shifting to a more advanced
development phase, driven
less by low-cost labor,
and more by innovation

COVID-19 continues to afflict developing Asia
q New and more infectious variants are driving outbreaks across the region.
q Vaccination progress remains uneven and lags advanced economies.
Daily new COVID-19 cases(7-day moving average)
Central Asia

East Asia

South Asia

Southeast Asia

The Pacific

Developing Asia

World

250

Per million population, 7-day moving average

Deltavariant

200
150
100
50
0

Ma r Apr Ma y Jun Jul Aug Sep Oct Nov Dec Jan Feb Ma r Apr Ma y Jun Jul Aug
2020

2021

Sources: CEIC Data Company (accessed 6 September 2021);
Ministry of Healthcare of Kazakhstan.

Persons vaccinated against COVID-19
Fully vaccinatedPartially vaccinated

Palau
Singapore
PRC
BhutanMaldives
Nauru
Mongolia
Cambodia
Cook Islands
MalaysiaFiji
Sri Lanka
Republic of Korea
Hong Kong, China
Brunei Darussalam
TuvaluSamoa
Taipei,China
Azerbaijan
India
FSM
Marshall Islands
Kazakhstan
Thailand
Timor-Leste
Lao PDR
Tonga
Indonesia
Tajikistan
Georgia
Pakistan
Nepal
Viet Nam
Philippines
Uzbekistan
Bangladesh
Kyrgyz Republic
Vanuatu
Myanmar
Solomon Islands
Armenia
Afghanistan
Papua New Guinea
Turkmenistan
Developing Asia
United States
European Union

0

20
40
60
Share of people vaccinated, %80

Notes: FSM = Federated States of Micronesia, Lao PDR = Lao People’s Democratic
Republic, PRC = People's Republic of China
Date of data is latest available for August for all economies except Turkmenistan (April).
Sources: CEIC Data Company (accessed 6 September 2021);
7
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100Developing Asia's external sector
q External demand for exports from developing Asia is broadening, acrossproducts and economies.
q The region's exports are stabilizing close to 20% above prepandemic levels.
q International tourism remains in the doldrums.
Sectoral contribution to nominal export growth% changes relative to the same month in 2019

International tourist arrivals% change relative to 2019

30

150

20

100

10
50

0
0

-10
-20
Jan 2020-50

Apr 2020

Jul 2020

Oct 2020

Jan 2021

Apr 2021

Electronics

Mechanical machinery and vehicles

Metals and jewel ry

Textiles and footwear

Mineral fuel s

Other

Pandemic-related goods

Overall change

Note: The sample includes 15 economies accounting for 86% of developing Asia’s exports:
Armenia; Azerbaijan; Cambodia; Georgia; India; Kazakhstan; Malaysia; Pakistan; thePhilippines; the People’s Republic of China; the Republic of Korea; Singapore; Thailand;
Taipei,China; and Uzbekistan.
Sources: International Trade Centre. Trade Map (accessed 27 July 2021); United Nations
Comtrade Database; Observatory of Economic Complexity (both accessed 27 August 2021).

-100
Jan 2019

Jul 2019

Cambodia
Georgia
Samoa

Jan 2020

Jul 2020

Hong Kong, China
Maldives
Sri Lanka

Jan 2021

Fiji
Palau
SingaporeNote: The sample is restricted to economies where tourism accounted
for at least 5% of GDP in the latest year with available data during
2017–2019.
Sources: CEIC Data Company; national sources (accessed 3
September 2021).

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Jul 2021

Economic Recovery in Developing Asia
q The strength of the recovery in first half of 2021 has varied across economies.
q In general, economies that did better with vaccination and pandemic control
tended to have better economic performance.
Percentage points

Net exports

20
15

Consumption

H2 2020 GDP growth, yoy

H1 2021 GDP growth, yoy

13.1

10
5

Investment

9.3

5.7

7.7
3.9

0

-1.0

-3.2

-3.5

-5

7.8

8.3

7.1

4.7
-2.8

-4.1

3.7

3.1
-3.1

-10

2.0
-5.3

-9.8

-15
-20
H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H12020 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 2021
PRC

India

74%

37%

Hong Kong,
China
55%

100%

0%

ROK
57%

Singapore Taipei,China Indonesia
78%

42%

Malaysia

Philippines

Thailand

60%

17%

33%

23%

Share of people vaccinated with at least one dose, %GDP = gross domestic product, H = half, PRC = People’s Republic of China, ROK = Republic of Korea, yoy = year on year.
Note: Data refers to calendar half years. Consumption and Investment includes both the private and public sector.
Statistical discrepancy is excluded from the bars.
Source: CEIC Data Company (accessed 8 September 2021).

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GDP levels will not catch up to its pre-COVID-19
trend in 2022
q Regional output will remain below its prepandemic trend by 2022, with gaps
varying due to divergence in forecasts.
§ Developing Asia’s GDP next year willbe 2.5% below the pre-COVID-19
trend. But the gap varies across0
subregions.
-0.7-2§ Recovery in exports, COVID-19-2.5
containment and vaccination-4
coverage are shaping the outlook.
-5.2
-6
-5.3
§ Strong performance by the PRC andthe NIEs will bring back GDP in East-8
-8.0
Asia close to its pre-COVID-19 trend in
-8.6
-10
2022.
§ Gaps are wider elsewhere in theregion. Southeast Asia has the largest
gap, at 8.6%, as the recovery is held
Note: The 2022 prepandemic GDP level is measured based on its trend in the 5 years
back by renewed outbreaks andbefore the pandemic begins.
Source: Asian Development Outlook database.
slower vaccination progress.
as

tA

sia

c

Pa
cif
i

Th
e

ia

So
ut
h

As

ia

Ce
n

tra
l

As

sia

st
A

Ea

So
ut
he

De
v

el

op
in
g

As
ia

The gap between 2022 forecast and its
prepandemic trend

10

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ADB’s Response to COVID-19
q ADB announced $20 billion comprehensive COVID 19 response package on 13 April 2020.
q As of 10 September 2021, ADB committed $18.5 billion for DMCs and the private sector.
q ADB mobilized $15.0 billion through cofinancing from development partners and commercial cofinancing.

Quick-Disbursing Budget Support: COVID-19 Pandemic Response Option (CPROs)
1. Indonesia
2. Philippines
3. India
4. Bhutan
5. Kyrgyz Republic
6. Bangladesh
7. Mongolia
8. Nepal9. Georgia
10. Pakistan

1,508
1,505
1,500
20
50
500
100
250
102
500

11. Tajikistan
12. Solomon Islands
13. Uzbekistan
14. Kazakhstan
15. Maldives
16. Thailand
17. Cambodia
18. Palau
19. Samoa
20. Myanmar

Other COVID-19 Response Projects

50
20
500
1,078
50
1,500
250
20
20
250

21. FSM14
22. Cook Islands
21
23. Afghanistan
100
24. Papua New Guinea
250
25. Marshall Islands
16
26. Vanuatu
17
TOTAL ($ million) 10,191**Based on US dollar equivalent at time ofsigning.

Private Sector Support• $3.25 billion in other COVID-19 response projects(mostly in health and social protection)

Technical Assistance and Grants• $214 million in technical assistance and quick-disbursing
grants to 41 DMCs for urgent needs (PPE purchase,
health systems, food distribution, vaccine strategy),
coordinated closely with the World Bank and UN
agencies, such as WHO and UNICEF.
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• $527 million in direct private sector
lending (e.g. to a medical equipment logistics
firm in Wuhan, PRC)
• $4.34 billion through short-term financing
program (trade and supply chain finance,and microfinance)ADB’s Support for COVID-19 Vaccine
q ADB announced $9 billion Asia Pacific Vaccine Access Facility (APVAX) on 11 December 2020.
q The facility will support DMCs to access and distribute COVID-19 vaccines safely and swiftly.
q As of 10 September 2021, ADB committed $2.3 billion and mobilized $321 million cofinancing,for Afghanistan, Bangladesh, Mongolia, Nepal, Pakistan, Philippines, Samoa, Sri Lanka,
Tajikistan, Tonga, Tuvalu, and Vanuatu.

Asia Pacific Vaccine Access Facility§ Components:(i) Rapid Response: Procuring COVID-19 vaccine(ii) Project Investment: Investing in system and capacity for distribution§ Vaccine Eligibility Criteria:(i) the vaccine has been selected for procurement through COVAX on behalf of its participating
countries, or(ii) the vaccine has received WHO prequalification or WHO emergency use listing (EUL), or(iii) the vaccine has received regular or emergency licensure or authorization by a stringent
regulatory authority (SRA).
§ Access Criteria:(i) Needs assessment and national vaccine allocation plan acceptable to ADB(ii) Effective partner coordination with WHO, UNICEF, GAVI, COVAX, World Bank Group, and others

Private Sector Support and Technical Assistance§ In addition to APVAX, ADB will support vaccines through:(i) Nonsovereign operations for supply and trade financing; storage, logistics and distribution(ii) Technical assistance for needs assessments; capacity building, design and implementation
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Focus of ADB’s Future COVID-19 Support
q Responding to the needs of developing members, and learning fromexperience to date, ADB’s future support will be organized around 5 Pillars.

Pillar 1

Pillar 2

Pillar 3

Pillar 4

Pillar 5

Expandingsafe andequitable
access to
COVID-19
vaccines

Providingdevelopment
financing andensuring debt
sustainability

Creating
jobs andrebuilding
incomesCreating
infrastructure toenhancepreparedness andresilience to future.
pandemics

Providingtargeted
COVID-19
knowledge
solutions

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Annual and Projected Commitments (2014–2024)
Ordinary Capital Resources (OCR), Asian Development Fund (ADF) and Special Funds ($ billion)
Sovereign Project Count

Nonsovereign Project Count

Total Commitments ($ billion)
31.6

21.8
15.9

17.6

24.5

14.9

131

21

23

122

130

16

27

103

108

106

103

2014

2015

2016

2017

Source: Asian Development Bank.

25.6

25.8

171

178

38

43

133

136

207
168

124

24.0

32

136

2018

Actual

156

38

38
169
118

2019

2020

2021

Average(2022–2024)
Projected

Note: Commitment is the financing approved by ADB’s Board of Directors or Management, and whose legal agreement
has been signed by the borrower, recipient, or the investee company and ADB. It is the amount indicated in the legal
agreement that may or may not be equal to the approved amount, depending on the exchange rate at the time of signing.
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Five Priorities to Achieve Prosperous, Inclusive,
Resilient, and Sustainable Asia and the Pacific
1. Deepening Regional Cooperation and Integration:- enhancing regional trade and investment, diversifying value chain andstrengthening regional health security.
2. Investing in Human Capital and Social Protection:- addressing worsening inequality and opportunity gap, strengthening healthsystem, and accelerating gender equality.
3. Promoting Green and Resilient Infrastructure:- boosting economic activity, generating jobs, while strengthening resilienceand mitigating the impact of climate change.
4. Harnessing Digitalization:- accelerating the transition to the digital economy, while closing the digital
divide and ensuring cyber security.
5. Strengthening Domestic Resource Mobilization (DRM):- ensuring stable and sustainable financial resources to achieving the SDGs,
while closing the tax loophole.
• ADB’s new Regional Hub for DRM and International Tax Cooperation will
support this agenda.
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Climate Finance Commitments (2017–2020) and Projections (2021-2024)
q Tacking climate change, building climate and disaster resilience, and enhancing environmental sustainability
is one of ADB’s seven operational priorities under Strategy 2030.
q By 2030, at least 75% of the number of committed operations (on a 3-year rolling average) will besupporting climate change mitigation and adaptation.
q Climate finance from ADB’s own resources will reach $80 billion for 2019-2030.

7.5

Mitigation ADB
resources

7.1
6.5

Adaptation ADB
resources

4.5$ billion

Total Climate
Finance (ADB
resources)

5.8

3.7

4.3
3.5

3.3

0.8
Year

4.5

2017

5.5

5.1

1.2

1.4

2018

2019

2020

z

3.3

3.1

0.8

4.6

4.4

2.5

2.5

2022

2023

1.3

2021

Preliminary estimates
Notes: 2015 target to double climate finance approvals from own resources to $6 billion by 2020 was achieved in 2019.
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2.0

2024

What ADB is Doing Toward COP26• Aligning operations with the Paris Agreement: ADB plans to have full alignment of sovereign
operations with the goals of the Paris Agreement by 1 July 2023, and of non-sovereign
operations to 85% by 1 July 2023 and fully by 1 July 2025.
• Revised Energy Policy: ADB’s new Energy Policy is currently being processed, to be approved by
the Board before COP26. Without pre-empting any decision of the Board, ADB is aiming for a
formal withdrawal from financing new coal-fired power generation.
• Coal to clean energy transition: ADB plans to announce the Energy Transition Mechanism (ETM)
partnership in Southeast Asia with key public and private sector sponsors. The partnership willcomprise a regional facility to crowd in grant and concessional resources, and a set of pilot ETM
funds with commercial sponsors in 1-2 select countries, to be established in 2022.
• Enhance investments in Adaptation and Resilience: ADB seeks to double its annual average
adaptation and resilience financing in 2021-2024, compared to 2015-2018, resulting incumulative financing of $9 billion from 2019 to 2024. ADB will invest in more projects withclimate adaptation as their primary purpose.
• Continue to help DMCs with Paris Agreement commitments: ADB will support programs
focusing on Nationally Determined Contributions (NDCs), carbon markets, and long-term
national strategies that support a just transition.
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Strengthening Domestic Resource Mobilization (DRM)
and International Tax Cooperation (ITC)• DRM and ITC have become a more crucial agenda for DMCs in the pandemic due to:- Revenue decline across the region due to economic contraction and tax expenditure
programs to support business and households;- Increasing pressure on national budgets and bigger public debt; and- Clear need to make significant investments in public services, such as health care.

• ADB DMCs Participation in Global Taxation Efforts is lagging.
The Global Forum (GF)
As of September 2021
Summary

27 DMCs are members
19 out of 46 DMCs have notjoined GF and are notcommitted to automatic
exchange of information

Inclusive Framework on
BEPS
20 DMCs are members
26 out of 46 DMCs have notjoined BEPS Inclusive
Framework• ADB launched the Asia Pacific Tax Hub on DRM and ITC at the ADB Annual Meetingin May 2021.
₋ The Tax Hub will serve as an open and inclusive platform for (i) strategic policy
dialogue, (ii) knowledge sharing, and (iii) collaboration and development coordination.
₋ ADB will organize a high-level tax conference in Q4 2021 to exhibit the progress anddiscuss next steps of the Tax Hub.
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Thank you.

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SUPPLEMENTALBACKGROUND

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Contribution by Members• Ordinary Capital Resources (capital share, voting power share)
Japan (15.6%, 12.8%), United States (15.6%, 12.8%),
PRC (6.4%, 5.4%), India (6.3%, 5.3%), Australia (5.8%, 4.9%),
Indonesia (5.4%, 4.6%), Canada (5.2%, 4.5%), Korea (5.0%, 4.3%),
Germany (4.3%, 3.7%), others (30.4%, 41.7%)• Asian Development Fund (cumulative contribution)
Japan (38.6%), United States (13.2%), Australia (8.2%),
Canada (5.9%), Germany (5.6%), United Kingdom (5.1%),
France (4.0%), others (19.4%)• International Staff (1,327)
Japan (140), United States (139), India (109), United Kingdom (88),Australia (85), Korea (78), PRC (68), Philippines (57), Canada (54),Germany (48), France (41), Pakistan (39), Indonesia (25), others (356)Note: All data as of 31 August 2021
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Organization Chart of ADB
ADB Institute

Board ofGovernors

Office of Anticorruption andIntegrity
Office of the Auditor General

Independent Evaluation
Department

Board ofDirectors1

Office of the Compliance
Review Panel

Office of the Special Project
Facilitator
Strategy, Policy & Partnerships
Department
Office of Professional Conduct

President

Office of the Ombudsperson

Managing Director
GeneralDepartment ofCommunications

Vice President(Operations 1)

Vice President(Operations 2)

Vice President(Knowledge Mgmt. &Sustainable Dev’t)

Vice President(Finance & Risk
Management)

Vice President(Administration &Corporate Mgmt.)

Vice President(Private Sector &PPPs)

Central and West Asia
Department2

East Asia Department2

Economics Research & Regional
Cooperation Department

Controller’s Department

Budget, People andManagement Systems Dept.

Office of Public-Private
Partnership

South Asia Department2

Pacific Department2

Sustainable Development &Climate Change Department

Office of Risk Management

Corporate Services
Department

Private Sector Operations
Department

Treasury Department

Southeast Asia Department2

Information Technology
Department
Office of the General Counsel

1

2

Board of Directors currently consists of 12 Directors from Australia, Canada, PRC, Italy, Germany,
India, Indonesia, Japan, Republic of Korea, Thailand, Pakistan and the United States.
Under operations departments, 40 field offices located in 40 countries.

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Office of The Secretary
Procurement, Portfolio, andFinancial Management Dept.

ADB Operations• Loans are financed from Ordinary Capital Resources (OCR)-

Middle-income countries (per capita income ≤ $7,155): regular OCR at quasi market rate-

Low-income countries (per capita income ≤ $1,205): concessional terms with long
maturities and low interest rates• Asian Development Fund (ADF) grants are offered to countries lacking increditworthiness, i.e., Afghanistan, Tajikistan, and some Pacific island countries• Technical assistance includes capacity building, project preparation, and research(billion USD)

2020 Commitments
excluding cofinancing

30 June 2021
Outstanding

30 June 2021
Equity30.22

132.53a52.42

Regular25.79b

101.01

Concessional

4.43

31.52

OCR (loans)ab

ADF (grants)

1.02

Technical assistance

0.29

1.21

Excluding allowance for credit losses of $0.73 billion.
Including other debt securities of the private sector. Starting in 2020, ADB includes commitments from
nonsovereign revolving programs (Trade Finance and Supply Chain Finance Program, and MicrofinanceRisk Participation and Guarantee Program). These totaled $1.74 billion in 31 July 2021.
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ADB Operations in 2020 by Volume of Financing
Ordinary Capital Resources (OCR), Asian Development Fund (ADF), and Other Special Fund Operations(Financing committed in 2020 increased to $31.6 billion from $24.0 billion in 2019)
By Country

Others21% (25%)

Myanmar
4% (4%)
Kazakhstan
4% (1%)
Uzbekistan
4% (5%)
Thailand5% (2%)
PRC
8% (9%)

India
14% (18%)

ICT
By Sector
0.1%(2%)
Education
3% (5%)
Agriculture
4% (10%)
Water &
Urban
6% (5%)

Public Sector
Management
30% (12%)

Industry andTrade
7% (7%)

Philippines
13% (11%)Multisector
0.04% (0.01%)

Transport
10% (31%)
Indonesia
11% (7%)

Health11% (3%)

Pakistan
Bangladesh 8% (12%) PRC = People's Republic of China.
8% (7%)
Bracketed numbers are from 2019.

Finance15%(14%)
Energy14% (11%)ADB Operations include loans, grants, equity investments, guarantees, and technical assistance. Starting in 2020, ADB includes
commitments from nonsovereign revolving programs (Trade Finance and Supply Chain Finance Program, and Microfinance Risk
Participation and Guarantee Program). These totaled $3.07 billion in 2020 ($2.14 billion in 2019), of which 52% were allocated to thefinance sector, and 48% to industry and trade.
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ADB Operations in 2020 by Number of Projects
Ordinary Capital Resources (OCR) and Asian Development Fund Operations (ADF)(Number of projects committed in 2020 increased to 183 from 156 in 2019)
By Country

By Sector

Industry and Trade
2% (4%)

India
11% (10%)ICT
1% (2%)

Education
3% (8%)
Agriculture
9% (12%)PRC
10% (9%)Transport
10% (17%)

Bangladesh
7% (6%)

Others 49%(54%)

Public Sector
Management
19% (10%)

Health17% (7%)

Water & Urban
11% (12%)

Philippines
6% (4%)
Mongolia
4% (6%)

Finance
11% (15%)

Pakistan
4% (5%)
Afghanistan Uzbekistan
4% (4%)
4% (1%)

Energy15% (14%)

PRC = People's Republic of China.
Bracketed numbers are from 2019.

Note: Projects covering more than one sector are counted in each relevant sector. Revolving programs are excluded.
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ADB Operations as of 31 Dec 2020 by Loans Outstanding
Ordinary Capital Resources (OCR)(Loans Outstanding as of 31 Dec 2020 increased to $130.5 billion from $114.7 billion as of 31 Dec 2019)
By Country

Others21%

By Sector

Industry and
Trade
2%

Health2%

Multisector
3%

India
16%

Education
5%

Transport
27%

Agriculture
7%
Sri Lanka
4%

PRC
15%

Water & Urban
8%

Viet Nam
7%

Bangladesh
9%Indonesia
10%

Energy18%

PRC = People's Republic of China.
Note: Revolving programs are excluded.

Public Sector
Management
18%

Finance9%

Pakistan
11%

Philippines
8%

ICT
0.4%

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Strategy 2030 Responds to the Region’s
Changing Needs
VisionAchieve a prosperous, inclusive, resilient, andsustainable Asia and the Pacific, while sustaining
efforts to eradicate extreme poverty

Value Addition• Finance• Knowledge• Partnerships

Guiding Principles• Using country-focused approach• Promoting the use of innovating technology• Delivering integrated solutions

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Climate Change Targets Under Strategy 2030•

Tackling climate change, building climate and disaster resilience, and enhancing environmental
sustainability
₋ One of seven operational priorities under Strategy 2030
₋ Focus on low greenhouse gas emissions development, building climate and disaster resilience,
environmental sustainability, and water– food–energy security nexus•

Scaling-up ambition for climate change mitigation and adaption by 2030
₋ At least 75% of the number of its committed operations (3-year rolling average)
₋ $80 billion cumulative in climate finance from ADB’s own resources (2019–2030)
₋ In 2015, target to double annual climate financing by 2020 to $6 billion1
₋ Committed in the President’s Vision Statement released on 1 July 2021:
₋ Full alignment with Paris Agreement for sovereign operations by 1 July 2023 and fornon-sovereign operations by 1 July 2025.
₋ A new target for financing adaptation and resilience of $9 billion cumulatively between
2019-2024.

•

Supporting low carbon and climate resilient growth for DMCs
₋ NDC Advance supports DMCs, through technical assistance, to translate Nationally Determined
Contributions (NDCs) into climate investment plans
₋ Building climate & disaster resilience through investments integrating physical, ecological,
financial, social and institutional aspects
₋ Enabling development of long-term strategies with just transition and enhancing capacity toaccess carbon markets

1- Based on own resources and on approvals

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Strategy 2030: ADB to Scale-up Support for
Gender Equality in Asia and the Pacific• Accelerating progress in gender equality- One of seven operational priorities under Strategy 2030
- Five areas of focus: women’s economic empowerment, gender equality in humandevelopment, gender quality in decision-making and leadership, reduced timepoverty of women, and women’s resilience to external shocks• Scaling-up ambition by 2030
- At least 75% of the number of its committed operations (3-year rolling average),both sovereign and nonsovereign, will promote gender equality by 2030 (from 65% in
2017; previous target of 50% was for gender equity and mainstreaming in sovereign only)- At least 80% of completed operations delivering intended gender equality results(3-year rolling average, both sovereign and nonsovereign, by 2024) (from 75%
baseline in 2018; previous target of 70% for sovereign only)• Gender in ADB- Female comprise 59% of all ADB staff and 38.2% of international staff- 11 out of 28 (39.3%) of heads of departments- ADB committed to 17 Actions to Improve Institutional Gender Equality (2016)- ADB Gender Action Plan target of % of women international staff is 40% by 2022
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Strategy 2030: Stronger, Better, and Faster ADB• Ensure ADB’s robust financial resource baseü Rationalizing internal administrative and operational costs and exploring
various options to generate organic capital• Improving ADB products and instruments
ü Responding to diverse client needs by more effective use of tools
including PBL (Policy-Based Loan), RBL (Results-Based Lending), credit
enhancement products, and local currency financing• Enhance ADB’s human resources
ü Ensuring staff mobility, gender and diversity, respectful workplace,
performance management system• Maintain a strong country presenceü Advancing “one ADB” approach: further collaboration between private
sector/sovereign operations, knowledge work and public relations
ü Strengthening field presence in FCAS (Fragile and Conflict Affected States)
and SIDS (Small Islands Developing States)• Modernizing business processes and improving operational efficiency
ü Enhancing data management, promoting digital transformation
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Asia’s Key Development Achievements
q Rapid economic growth led to a rising share in global GDP.
q Developing Asia’s share increased from 4% to 24% between 1960 and
2018.
q Including Japan, Australia and New Zealand, regional share rose from 13%
to 34%.
Average Annual per
Capita GDP growth (%)
1960-2018

4.7

2010s

5.5

2000s

6.2

1990s

4.9

1980s

5.0

1970s

4.0

1960s

European
Union,
36.2%

5

Australia
and New
Zealand,
2.2%
Latin
Americaand theCaribbean,
7.1%
Middle Eastand North
Africa, 3.9%

1960
North
America,
30.6%

2.2
0

Rest of the Developing
Asia, 4.1%
World,
6.6%
Japan, 7.0%

SubSaharanAfrica, 2.2%

10

Source: ADB, 2020. Asia’s Journey to Prosperity.
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Rest of theWorld,
5.6%

European
Union,
23.2%

North
America,
23.9%
SubSaharanAfrica, 2.2%

Developing
Asia, 24.0%

2018Japan,
7.5%

Australia
and New
Zealand,
1.9%
Latin
Americaand theMiddle East Caribbean,
7.4%
and North
Africa, 4.3%