Asian Development Bank (ADB) is 67 members, Manila based development bank. ADB is an International Aid Agency, which provide loans and grants to developing countries in Asia. Out of total operations of 35.82 Billion in 2018, ADB lent 21.1 Billion USD on development projects.
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As per latest annual report of 2018, ADB's total authorized share capital was 147.9 Billion USD. As per the report, ADB's total operation were at staggering 35.82 Billion USD, which is a 13% increase on 2017 .
As per the report, ADB disbursed a total of USD 21.6 Billion USD, under various projects and through loans, grants and others, while USD 241 Million was given for Technical Assistance.
Interestingly, ADB spent USD 14 Billion through Co-Financing and Trust Fund.
In July 2018, the Board of ADB approved new long-term corporate strategy, know as "Strategy 2030", which sets the course for the bank’s response to evolving development needs.
Under Strategy 2030, the bank will enhance its efforts to eradicate extreme poverty and widen its vision to achieve a prosperous, inclusive, resilient, and sustainable Asia and the Pacific.
