The Asian Development Bank (ADB) is a regional development bank that aims to promote social and economic development in Asia through various programs and projects. ADB’s work focuses on reducing poverty, promoting sustainable development, and improving living standards.
Three Goals of ADB:
- Poverty Reduction: ADB’s primary goal is to reduce poverty by supporting economic growth, increasing access to basic services like education and healthcare, and promoting inclusive development across the region.
- Sustainable Development: ADB focuses on environmental sustainability by financing projects that promote clean energy, resource efficiency, and climate change mitigation.
- Regional Integration: ADB aims to promote regional cooperation and integration, particularly through initiatives that improve trade, investment, and infrastructure connectivity across Asia.
Two Activities Performed by ADB:
- Financing Infrastructure Projects: ADB provides loans and grants for infrastructure development, including roads, bridges, energy systems, and water supply networks, to improve the region’s connectivity and economic growth.
- Technical Assistance and Capacity Building: ADB provides technical expertise and knowledge sharing to help countries build their institutional capacity and enhance governance in sectors like agriculture, education, and public health.