ADB operations reach $23.6B in 2023
The Asian Development Bank (ADB)'s financial and operational expenses reached 23.6 billion U.S. dollars from its own resources in 2023, including 9.8 billion dollars for climate action, to help Asia and the Pacific progress on sustainable development, according to a new ADB report released Thursday.
The Annual Report 2023 summarizes how the ADB supported its developing member countries to address the worsening climate crisis and the impacts of conflicts, food insecurity, and increased debt burdens, among other challenges.
The 23.6 billion dollars comprised loans, grants, equity investments, guarantees, and technical assistance provided to governments and the private sector. In addition to its resources, the ADB mobilized an additional 16.4 billion dollars in co-financing through partnerships.
The ADB invested heavily in building high-quality energy, transport, and other infrastructure essential for sustainable development. It further strengthened the region's human capital through increased support for education and health.
Addressing gender inequality continued to be a cornerstone of the bank's work, with almost all its 2023 operations contributing to reducing remaining imbalances, including support to mitigate the disproportionate gender impacts of climate change.
The report explains how ADB is evolving so it can help accelerate the region's progress toward sustainable development goals. Major capital management reforms introduced in 2023 will bolster the bank's future lending operations by unlocking up to 100 billion dollars in new lending capacity over the next decade.
Related articles
A warrant for Netanyahu’s arrest was requested. But no decision was made about whether to issue it
CLAIM: The International Criminal Court issued an arrest warrant for Israeli Prime Minister Benjamin2024-05-21- Xi Jinping, general secretary of the Communist Party of China Central Committee, met with Ma Ying-je2024-05-21
World's first mountaintop impact crater found in NE China
(Xinhua) 15:24, September 09, 2023BEIJING, Sept. 9 (Xinhua) -- Chinese scientists have discovered th2024-05-21- Jess Glynne has gushed that her high-profile relationship with Alex Scott has only attracted 'super-2024-05-21
Candice Swanepoel stuns in a form
Candice Swanepoel looked incredible as she arrived at the 77th annual Cannes Film Festival premiere2024-05-21Chinese Embassy lashes out at U.S. over harassing Chinese citizens at border
The Chinese Embassy in the U.S. lashed out at the U.S. for overstretching the scope of normal law en2024-05-21
atest comment