MANILA, PHILIPPINES – Asian Development Bank’s financing partners committed US$11.4 billion to confinance projects in 2022 that boosted the resilience of developing member countries in Asia and the Pacific, said a Partnership report.
The Partnership Report 2022: Driving Growth, Boosting Resilience showcases how ADB and its partners are helping developing member countries across Asia and the Pacific recover from the pandemic.
The report also reveals that ADB and its partners enabled the countries to face current and emerging shocks, such as climate change, the Russian invasion of Ukraine, and the food and energy crises.
In 2022, 14 bilateral partners, six multilateral partners, four global funds and numerous private sector and other partners supported ADB in helping countries and communities transition from vulnerability to resilience.
They used various projects that helped developing members strengthen trade and small businesses, provide cash support to those suffering from rising food inflation and promoting the use of technology and digital innovations, among others. Their contributions reached $11.4 billion.
“Resilience is one of the four pillars of ADB’s Strategy 2030 and is integrated into all aspects of our development work. Our partnerships enable significant progress in promoting resilience,”‘ said Woochong Um, ADB Managing Director General.
The 2022 Partnership Report features stories and videos on cofinanced projects, profiles of financing partners and their contributions, and updates on ADB-managed trust funds.
It illustrates how financing partnerships are delivering concrete impact on the ground, how they are aligned with ADB’s operational priorities and how partnerships amplify the bank’s operations.
