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    Budget of the Asian Development Bank for 2021

    Asian Development Bank | November 2020
    Abstract
    The 2021 budget of the Asian Development Bank (ADB) supports the strategic and institutional priorities of the Work Program and Budget Framework, 2021–2023. The 2021 work program commitments comprise $21.2 billion and 135 projects for sovereign operations (from $29.1 billion and 159 projects estimated for 2020), $2.1 billion and 43 projects for nonsovereign operations (NSOs) (from $1.9 billion and 39 projects estimated for 2020), and $384 million and 239 new technical assistance operations (from $527 million and 266 operations estimated for 2020). In 2021, ADB will continue to focus on the coronavirus disease (COVID-19) response and helping its developing member countries (DMCs) achieve a green, resilient, and inclusive economic recovery. The implementation of Strategy 2030 and its seven operational priorities will also continue. ADB has adopted a scenario-based approach to planning the Work Program and Budget Framework, 2021–2023, which is based on a baseline scenario and considers an alternative scenario. ADB has introduced several policy variations and measures to enable ADB to provide faster, more tailored, and impactful responses to COVID-19. One of ADB’s goals is to support the rapid and equitable distribution of safe and effective COVID-19 vaccines across its DMCs. ADB will focus on the quality and the impact of its operations. Differentiated approaches will be applied across DMCs as their transition to a “new normal” is expected to differ by country. Strategic priorities will include (i) strengthening the alignment of operations with Strategy 2030’s seven operational priorities; (ii) enhancing the role of NSOs and public–private partnerships; (iii) expanding knowledge solutions and innovative approaches; (iv) adopting integrated One ADB approaches; (v) enhancing communications and outreach; (vi) strengthening cofinancing, resource mobilization, and catalyzation; and (vii) improving project implementation.
    Citation
    Asian Development Bank. 2020. Budget of the Asian Development Bank for 2021. © Asian Development Bank. http://hdl.handle.net/11540/12988. License: CC BY 3.0 IGO.
    Keywords
    Macroeconomic
    Macroeconomic Analysis
    Macroeconomic Framework
    Macroeconomic Models
    Macroeconomic Performance
    Macroeconomic Planning
    Macroeconomic Policies
    Macroeconomic Reform
    Macroeconomic Stabilization
    Economic Development
    Economic Infrastructure
    Economic Policies
    Regional Economic Development
    Microfinance Programs
    Public Finance
    Local Financing
    Financial Stability
    Financial Sector Regulation
    Public Financial Management
    Financial System
    Financial Statistics
    Foreign and Domestic Financing
    Financial Inclusion
    Foreign direct investment
    Crisis
    Resilience
    Bond Financing
    Green bonds
    Green financing
    Enterprises
    Financial aid
    Economies in transition
    Local Finance
    Local Government
    Insurance Companies
    Banks
    Social Equity
    Pension Funds
    Mutual Funds
    Financial Aspects
    Fiscal Policy
    Business cycle
    Financial cycle
    Financial literacy
    Financial safety net
    Exports
    Financial crises
    Digital
    Digital currency
    Social responsibility of business
    Accounting
    Personal budgets
    Cost and standard of living
    Bank accounts
    Credit control
    Regulatory reform
    Banks and banking
    Digital Financial Service
    Pension plans
    Individual retirement accounts
    Employee pension trusts
    Investment management
    Investments
    Multiemployer pension plans
    Keogh plans
    Individual retirement accounts
    Pension plans
    Employee pension trusts
    Pension trusts
    Investment companies
    International banks and banking
    Stock exchanges
    Remittance
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    Citable URI
    http://hdl.handle.net/11540/12988
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    adb-budget-2021.pdf (960.7Kb)
    Author
    Asian Development Bank
    Theme
    Economics
    Finance
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise