Asian Development Bank and Austria: Fact Sheet

Abstract

Updated yearly, this ADB Fact Sheet provides social and economic indicators on Austria as well as concise information on ADB's operations in the country and contact information. The Asian Development Bank (ADB) is dedicated to reducing poverty in Asia and the Pacific through pro-poor sustainable economic growth, social development, and good governance. Established in 1966, it is owned by 67 members—48 from the region— who have committed $179.7 billion in loans to the vision of a region free of poverty. Despite the region’s many successes, it remains home to two-thirds of the world’s poor: 1.8 billion people who live on less than $2 a day, with 903 million struggling on less than $1.25 a day. Austria has contributed $554.54 million in capital subscription as of 31 December 2011. It has contributed and committed $291.21 million to special funds since joining in 1966. Austrian companies and consultants have been awarded $232.82 million in procurement contracts (based on nationality of contractor) on ADB-financed projects since 1967.