ADB Deploys Almost $40 Billion for Development Across Asia and the Pacific in 2024
Philippines, April 23 -- The Asian Development Bank (ADB) committed $24.3 billion from its own resources in 2024, coupled with $14.9 billion in cofinancing in collaboration with its partners, to help Asia and the Pacific solve a range of complex development challenges.ADB's financial and operational results were published today in its Annual Report 2024. The report summarizes how ADB supported its developing member countries (DMCs) to make progress toward sustainable, inclusive, and resilient development. The $24.3 billion comprised loans, grants, equity investments, guarantees, and technical assistance provided to governments and the private sector.To build on the 1 million direct jobs it generated in 2024, ADB committed $4.8 billion throu...
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