Asian Development Bank and Australia: Fact Sheet

Abstract

Updated yearly, this ADB Fact Sheet provides information on Australia’s contributions to ADB in terms of capital subscription and funding, the country’s delegates in ADB, and involvement of Australian companies and consultants in ADB projects. The Asian Development Bank (ADB) is dedicated to reducing poverty in the Asia and Pacific region through pro-poor sustainable economic growth, social development, and good governance. Established in 1966, it is owned by 66 member nations—47 from the region—who have committed $116 billion to the vision of a region free of poverty. Australia is the fifth largest shareholder. It has contributed $2.93 billion in capital subscription and $1.42 billion to special funds since joining in 1966. Despite many successes, the region is still home to two thirds of the world’s poor: nearly 1.9 billion people who live on $2 a day or less, with 620 million struggling on less than $1 a day. Australian companies and consultants have been awarded $1.68 billion in procurement contracts on ADB-financed projects since 1967.