About the Asian Development Bank
Established in 1966, the Asian Development Bank (ADB) is a multilateral development finance institution owned by 67 countries—48 members from Asia and the Pacific region and 19 non-regional members. Its vision is a region free of poverty and its mission is to help its developing member countries reduce poverty and improve their quality of life. About 1.8 billion of the region’s people are poor who live on less than $2 a day.
ADB is a major source of development financing in the region. Its main instruments of assistance are policy dialogue, loans, equity investments, guarantees, grants, and technical assistance.
Headquartered in Manila, ADB has 26 country offices around the world and more than 2,000 employees from over 50 countries.
View ADB’s official website here.
ADB and CAREC
ADB serves as the CAREC Secretariat and takes the lead in organizing institutional events, such as ministerial conferences, senior officials’ meetings, and sector and sector coordinating committees’ meetings as well as liaising with partner governments and institutions.
ADB is involved in all priority sectors of CAREC—transport, trade facilitation, trade policy, and energy. From 2001 to 2019, it has provided nearly $14.2 billion in loans and grants in transport, trade, and energy. It has also produced CAREC-related studies.
All 11 CAREC countries are ADB’s developing member countries—Afghanistan, Azerbaijan, the People’s Republic of China, Georgia, Kazakhstan, the Kyrgyz Republic, Mongolia, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan.
CAREC information is available on the ADB website.