Budget of the Asian Development Bank for 2019

Abstract

The 2019 budget of the Asian Development Bank (ADB) supports the strategic and institutional priorities of the Work Program and Budget Framework (WPBF), 2019–2021. The 2019 work program commitments comprise $17.1 billion and 105 projects for sovereign operations (from $17.0 billion and 105 projects estimated for 2018), $3.2 billion and 32 projects for nonsovereign operations (NSO) (from $2.7 billion and 29 projects estimated for 2018), and $329.0 million and 234 technical assistance projects (from $327.0 million and 329 projects estimated for 2018). Developing member country demand remains strong, and operations are expanding with increasing complexity in the work program. ADB will focus on the seven operational priorities of Strategy 2030, which cut across sectors and themes. Cross-sector teams for each of the operational priorities were established to prepare priority operational plans. ADB will promote the use of innovative technology and integrated solutions throughout its operations. ADB will progress toward the Strategy 2030 targets of 75% of the number of ADB’s committed operations to support climate change mitigation and adaptation, and 75% of ADB’s committed operations by number to promote gender equality. ADB will expand the number and volume of private sector operations (PSO) during the WPBF period to reach the Strategy 2030 target of one-third of ADB operations by 2024. PSO will be diversified into areas beyond infrastructure, such as agribusiness and social sectors, and focus more than ever on frontier markets.