ADB makes highest ever allocation in history

The Asian Development Bank (ADB) adopted this week a resolution to allocate US $ 1.13 billion in net allocable income from 2020 ordinary capital resources, making it the highest ever in ADB’s history.

According to the resolution that was approved by the Board of Governors of ADB, the 2020 net allocable income is US $ 62.5 million higher than in 2019. The allocation is led by an increase in income from equity investments and sovereign lending operations.  

The ordinary reserve of ADB will be allocated US $ 734.3 million to support the bank’s capital adequacy and provide an earnings base to generate net income, whereas the Asian Development Fund, which provides grants to ADB’s low-income developing member countries (DMCs), will receive US $ 292.4 million. 

The Technical Assistance Special Fund, which provides a stable and predictable funding source for ADB’s technical assistance, will receive US $ 90 million.  

The Asia Pacific Disaster Response Fund, which provides assistance to DMCs for life-saving purposes in the immediate aftermath of major disasters triggered by natural hazards, will receive US $ 15 million.  

ADB affirmed its commitment to help establish a prosperous, inclusive, resilient and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.