Asian Development Bank (ADB)
The Asian Development Bank was conceived in the early 1960s as a financial institution that would be Asian in character and foster economic growth and cooperation in one of the poorest regions in the world. ADB assists its members, and partners, by providing loans, technical assistance, grants, and equity investments to promote social and economic development. ADB is composed by 67 members, 48 of which are from the Asia and Pacific region. ADB offers a range of financial products that help developing member countries (DMCs) build economic growth and social development. These tools include loans, technical assistance and grants.
Public sector (sovereign) financing is extended to DMC governments and public sector entities, such as state-owned enterprises. Sovereign lending or financing secured by a government guarantee forms the greater part of ADB~s development assistance.
As a catalyst for private investments, ADB provides direct financial assistance to provide sector projects. While ADB~s participation is usually limited, it leverages a large amount of funds from commercial sources to finance these projects. Projects must also have clear development impacts and/or demonstration effects that go beyond the benefits captured in the financial rate of return.
ADB partners with official funding agencies—bilateral as well as multilateral—in financing ADB-assisted projects and programs, either for technical assistance activities or components of investment projects.
Contact: Mr. Gil-Hong Kim, Senior Director, Sector Advisory Service Division, Sustainable Development and Climate Change Department, 6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines, Philippines
Tel: +632 632 4289