About Asian Development Bank (ADB)
The Asian Development Bank (ADB) envisions a prosperous,inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty in the region. Despite the region’s many successes, it remains home to a large share of the world’s poor: 264 million living on less than $1.90 a day and 1.1 billion on less than $3.20 a day.
ADB assists its members, and partners, by providing loans, technical assistance, grants, and equity investments to promote social and economic development.
ADB maximises the development impact of its assistanceby facilitating policy dialogues, providing advisory services, and mobilising financial resources through cofinancing operations that tap official, commercial, and export credit sources.
“This pandemic threatens to severely set back economic, social, and development gains in Asia and the Pacific, reverse progress on poverty reduction, and throw economies into recession”Masatsugu Asakawa, ADB President
ADB’s Response to COVID-19
ADB has deployed an assistance package of $20 billion to help developing members counter the severe impacts caused by the COVID-19 pandemic and address the urgent needs of the sick, the poor, and the vulnerable.
ADB is supporting developing members in responding to the COVID-19 outbreak through finance, knowledge, and partnerships.