Canada and the Asian Development Bank

The Asian Development Bank (ADB) is a development financial institution that works to reduce poverty in the Asia Pacific region. The ADP works to increase inclusive and sustainable economic growth and regional cooperation in one of the poorest regions in the world. The ADB has 67 members, 48 of which are located in the Asia Pacific.

Established in 1966, the ADB provides loans, technical assistance and grants to member countries. It is the third largest provider of development finance in the region.

Canada’s support for the Asian Development Bank

Canada is one of twelve members of the ADB Board of Directors. Our role here is to promote development efforts and Canada’s interests in the region. Our work with ADB aligns with Canada’s development priorities.

Since joining ADB in 1966, Canada has contributed a total of US$7.7 billion (as of December 31, 2015) to the ADB’s institutional funding. Canada has also provided US$1.5 billion in support to Special Funds.

Special funds include the Asian Development Fund (ADF), the ADB’s concessional window for its poorest member countries, as well as various trust funds in areas such as climate change, clean energy, public-private partnerships, infrastructure and regional connectivity, gender equality, governance, results-based management, disaster risk management and malaria and other communicable diseases prevention. For instance:

Since Canada joined the ADB, Canadian companies and consultants have been awarded US$859 million in procurement contracts (as of December 31, 2015).

Achievements

With an increase in funding in 2015, the ADB provided US$27.17 billion to member countries through loans, grants, technical assistance and project co-financing.

In 2015, the ADB has helped its developing member countries to achieve specific development results, including:

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