Strategy 2030 of the Asian Development Bank (ADB), approved in 2018, aims to achieve a prosperous, inclusive, resilient, and sustainable Asia and the Pacific. It has seven operational priorities, including Operational Priority 5: Promoting Rural Development and Food Security (OP5) and its…
This corporate evaluation by the Independent Evaluation Department assessed ADB’s investment and credit risk management of nonsovereign operations during 2009–2021. It found that ADB substantially progressed during the evaluation period. Several changes to the risk management organizational…
The Asian Development Fund (ADF), in providing grants to ADB’s poorest developing member countries, has focused on small island developing states and nations grappling with fragility and conflict, offering concessional finance and technical assistance in challenging operational environments.…
As mandated by its charter, the Asian Development Bank (ADB) gives a high priority to supporting regional cooperation and integration (RCI) in Asia and the Pacific. The Bank recognizes that RCI is essential for achieving sustainable growth and poverty reduction. It has helped to finance and…
Procurement plays a big part in development effectiveness, and the quality of public procurement practices is a major determinant of effective public spending. The Asian Development Bank (ADB) generates around $9.5 billion a year for the procurement of goods and services though loans and…