ADB - Market OverviewADB - Market Overview
The Asian Development Bank (ADB) was established in December 1966. As a premier multilateral development financial institution, ADB aims for an Asia-Pacific free of poverty. The Bank’s Three-point agenda is: (i) inclusive economic growth, (ii) environmentally sustainable growth, and (iii) regional integration. To achieve these goals, ADB provides loans, technical assistance, grants, and equity investments to implement development projects and programs. From 2013 to 2017, ADB has provided an average of about $27 billion of assistance annually, including co-financing. In 2017, assistance reached more than $32 billion. The Bank has currently 67 member countries. Forty-five (45) countries are active borrowing member countries. The U.S. and Japan are the co-largest shareholders of the Bank, each holding fifteen percent of the Bank’s shares.
A large percentage of ADB resources are invested into the infrastructure sector, including the water, energy, transport, urban development, and information and communications technology sectors. Other leading sectors for the Bank include environment, regional cooperation and integration, financial sector development, and education. ADB also operates on a lesser scale in health, agriculture, and public sector management.
To maximize the development impact of its assistance, ADB facilitates policy dialogues, provides advisory services, and mobilizes financial resources through co-financing.
In 2017, ADB passed a new procurement policy, which moves the Bank further towards a value-for-money model and may increase U.S. companies’ chances for success. The new policy also emphasizes a fit for purpose concept that includes the following core principles: Economy, Efficiency, Fairness, Transparency, Quality and Value for Money.
Asia Financial Services Trade Development and Promotion